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Asset/Investment Management
queensgateinv.com

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Portfolio Exits

1

About Queensgate Investments

Queensgate Investments, a partnership between the Kow Family, LJ Partnership and Peterson Group, advises and manages around GBP 1.6B of assets and advises significant discretionary equity with additional buying power of GBP 1.5B. The company invests in properties across Europe.

Queensgate Investments Headquarters Location

8 Hill Street

London, England, W1J 5NG,

United Kingdom

+44 (0)207 952 2780

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Latest Queensgate Investments News

HVS Asia Pacific Hospitality Newsletter - Week Ending 21 January 2022

Jan 25, 2022

share this article Advertisements Singapore-based Fragrance Group Limited (“FGL”) has acquired the Holiday Inn London Kensington Forum at Central London from UK-based Queensgate Investments LLP (“Queensgate”) for an undisclosed sum. The 906-key hotel is located next to the Gloucester Road subway station, along the Cromwell Road in Royal Borough of Kensington and Chelsea. The hotel spans approximately 46,451 square metres, which features two restaurants and a bar, a fitness centre, a business centre, a parking lot, and 12 meeting spaces that could accommodate 400 delegates. Queensgate had previously acquired the property from US-based Apollo Global Management, Inc. in 2019 for GBP350 million. This will be the second hotel property FGL has acquired in UK in December 2021, after they have been reported to purchase the 116-key Aloft Liverpool from UK-based North John Street LLP for an undisclosed sum. Michael Kadoorie Acquires a Further 12.4% Stake in Hong Kong and Shanghai Hotels for USD337.5 Million Majority shareholder of Hong Kong-based Hong Kong and Shanghai Hotels Limited (“HSHL”), billionaire Michael Kadoorie has made an off-market purchase shares of HSHL from asset management group Seekers Capital Partners (“SPC”) and other undisclosed sellers for USD337.5 million, increasing his family’s majority stake from 60.0% to 72.4%. The purchase price values the shares at HKD12.80, which is close to double the amount of the closing price of HKD6.65 on 14 January 2022. The closing share price has risen 20% to HKD7.92 as of 20 January 2022, after the acquisition news. The transaction is conditional on the Kadoorie family obtaining a waiver from the mandatory takeover offer, which is triggered by the size of the purchase. Hence, the deal will terminate if the waiver is not obtained by 31 March, unless the parties involved agree to extend the expiry date. HSHL owns and manages all ten Peninsular Hotels across the globe. ESR Cayman Limited Completes Acquisition of ARA Asset Management for USD5.2 Billion Hong Kong-based ESR Cayman Limited (“ECL”) has announced its acquisition of ARA Asset Management (“AAM”) for USD5.2 billion. The acquisition includes hospitality real estate trust such as, Hui Xian REIT (“HSE”) and ARA US Hospitality Trust (“AUHT”). The transaction is financed through a combination of stock and cash. The stock portion of USD4.7 billion was paid by the issue of shares at HKD27 per share, while the cash component of USD519 million, was partially funded by a USD250 million share placement to Sumitomo Mitsui Corporation (“SMBC”). The Chairman of the ECL, Jeffrey Perlman, mentioned that the group will leverage its expanded scale and offering to provide a full suite of New Economy real estate development products and real asset investment solutions that spur meaningful, long-term sustainable value for its stakeholders. Co-living Startup Bespoke Habitat raises SGD1 Million from Angel Investors Singapore-based co-living and property management startup Bespoke Habitat (“BH”) stated that the company raised approximately SGD1 million (USD740,000) from angel investors. Established in 2019, the startup provides co-living offerings across various areas in Singapore. It currently has properties in Tiong Bahru, Queenstown, Tanah Merah, Jurong West, with more on the pipeline. BH will provide data services, working spaces, and communal living spaces targeting students and professionals with membership services through its app. The startup will utilize the funds to expand 350 units in Singapore to become a complete end-to-end solutions provider, delivering services for logistics, cleaning, and in-house repair and moving-out services. The current competitors include Cove, The Assembly Place, and Hmlet. About HVS HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com .

Queensgate Investments Portfolio Exits

1 Portfolio Exit

Queensgate Investments has 1 portfolio exit. Their latest portfolio exit was Freehand Hotels on October 14, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/14/2019

Acquired

$99M

1

Date

10/14/2019

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Queensgate Investments Acquisitions

2 Acquisitions

Queensgate Investments acquired 2 companies. Their latest acquisition was Freehand Hotels on July 12, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/12/2019

$99M

Acq - Fin

2

3/13/2017

Debt

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$99M

$99M

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10

Date

7/12/2019

3/13/2017

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

2

10

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