The sale has allowed Invesco’s flagship European Hotel Fund to capture the strong performance delivered by the hotel since it was completed in 2022 and release capital for reinvestment. 

Developed around a former church dating back to the 1930s and located in Milan’s Citylife business district, an area with limited direct competition, the NH Collection Citylife Milan is recognised for the quality of its architecture and services. Operated by NH Hotels Group, the four-star hotel offers 185 rooms and caters for both business and leisure travellers. 

Schroders Capital, through its hotel platform, currently manages EUR3.6 billion1 investments into hotel businesses operated by a dedicated team of 40 people located in offices in Paris, London and Amsterdam. 

The platform manages a wide range of hotel investment profiles, from independent assets directly operated by Schroders Capital, with or without affiliations, to hotels under management or lease agreements operated by a third party. Other luxury lifestyle hotels include the likes of Hoxton Paris, Hoxton Amsterdam, Standard Ibiza, and Grand Hotel Central Barcelona. 

Invesco’s European Hotel Fund is a diversified, open-ended, pan-European Hotel portfolio of high-quality centrally located assets. The Fund is available to professional investors only. Invesco Real Estate’s dedicated hotels team has an 18-year track record allocating over EUR2 billion equity into the sector, managing 53 different hotel investments across eleven countries and 31 different brands. The team has continued to create long-term value through an active asset management strategy, working with leading sector partners and focusing on prime hotels in European gateway cities. 

Thibaut Leonard, Schroders Capital, Co-Head of Investments, Hotels, said: “We continue to invest into high-quality hotels across key European markets with high barriers to entry and proven demand. This is our third hotel in Italy alongside the Westin Milan and St Regis, Venice, and the third asset for the Schroders Capital European Leased Hotel Fund that focuses on leases linked to operating performance of the hotel. We look forward to working with NH Hotels Group on this exciting asset.” 

You can now read the full press release at the link below