The joint venture will acquire high-quality hotel assets in London and other core-UK markets.

Krysto Nikolic, Global Head of ICG Real Estate said: “We are excited about the opportunity developing in the UK hotel sector. This joint venture combines the strengths of ICG and Pro- Invest in hotel investing and asset management, positioning us well to invest into the ongoing changes in the current economic and business cycle which we believe will drive a period of dislocation and repricing”

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