HIG Capital sells Docklands DoubleTree by Hilton Hotel to Chinese group for £80m

Francesca Washtell
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The DoubleTree by Hilton Hotel is located in Rotherhithe (Source: HIG Capital)

Global private equity group HIG Capital has agreed to sell its DoubleTree Hilton Hotel in London's Docklands to Chinese investor firm Junson Capital for around £80m.

HIG purchased the Rotherhithe hotel, previously owned by Swedish group Pandox, in early 2014.

Its business plan for the hotel included rebranding it under the DoubleTree name and implementing a long-term refurbishment programme, which included upgrading guest rooms and common areas.

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Riccardo Dallolio, managing director a HIG in London, said: "This transaction is a great example of HIG's value-added approach and has resulted in an outstanding outcome for HIG and its investors, particularly following the EU referendum."

HIG Capital has made 31 real estate investments across Europe since the start of 2013, including other hotel assets in the UK such as Formby Hall Golf Resort.

HIG Capital declined to comment on the sale value or buyer.

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