EQ Group reposted this
We are excited to share that funds managed by the Ares Real Estate have acquired a portfolio of 18 hotels totaling 3,028 rooms largely across Central London. The £400 million acquisition, led in partnership with hotel operating partner EQ Group, will enable initiatives to enhance value through implementing asset management initiatives aimed at improving operational and financial performance while targeting energy efficiency and carbon footprint enhancements across the hotels. More on the acquisition below. #RealEstate
Principal, Private Equity at Ares Management Corporation
4moCongrats Mike & team!