Scala Capital Ltd Acquires Long Leasehold Asset – Hilton T5 Heathrow…Aimbridge EMEA To Manage
Main Photo: The bar and restaurant area at the Hilton T5 – Mr Todiwala’s Kitchen
Date: November 2022
Name: Hilton London Heathrow Terminal 5
Location: Heathrow Airport – T5, England, UK
Number of Keys: 350
Seller: Shiva Hotels
Buyer: Scala Capital Partners on behalf of unnamed investors
Shiva Hotels have sold the Hilton London Heathrow Terminal 5 to investment group Scala Capital Partners.
Strategically located at the UK’s largest international airport which handled 91m passengers in 2019, the long leasehold asset is situated on a large 12.5-acre site and is a franchise of Hilton’s core brand. The hotel features 350 well-appointed bedrooms, a broad range of amenities including a fitness centre, spa, and five food and beverage outlets including award winning restaurant Mr Todiwala’s Kitchen along with 460 car parking spaces with electric vehicle charging points. It also boasts 1,700 sqm of events space including a gallery room with a 1,150 capacity plus 17 flexible meeting room spaces.
Morris Katri, CEO of Scala said, “We are excited to embark on this strategic acquisition which following a focussed asset management programme will strengthen its position in serving the airport and the local market.”
Established in 2001 by Rishi Sachdev, Shiva Hotels is a privately owned hotel group. Rishi added, “This sale supports our strategy to focus our attention on the Central London luxury hotel sector over the coming years.”
Rekha Toora, Senior Vice President, EMEA Hotels Capital Markets at JLL, who advised Shiva, said, “Despite changing global headwinds, investor appetite for strategic acquisitions in the UK remains strong and the sale of Hilton Heathrow Terminal 5 is a great example of this. The purpose-built hotel offers multiple levers of value to the incoming buyer in a sub-market which has now achieved a full recovery of 2019 year to date RevPAR.”
David Anderson, Aimbridge EMEA’s divisional president, said: “We’re thrilled to be announcing this news so soon after launching the new Aimbridge EMEA identity. Under the Aimbridge name we are rapidly expanding our portfolio and drawing on our extensive experience of operating Hilton properties worldwide.”
David added: “This is a great hotel, in a great location. It not only serves the community of passengers flying into and out of Heathrow Airport but has also built up a strong reputation for delivering corporate events for the businesses clustered around the Heathrow corridor. We are looking forward to leveraging our scale and top talent to build on the hotel’s solid foundations and optimise owner returns.”
Price: Undisclosed
THPT Comment: Great news all round…Shiva want to concentrate on Central London, Scala get their entry into the hotel market, on behalf of investor clients and Aimbridge EMEA continue their growth path in Europe
First Seen: JLL press release and Hotel Owner
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