Interstate Add 12 New Hotels to European Portfolio

Date: March 2018

Location: The Netherlands, Belgium, Germany, France

Name: Various…Hotel Indigo The Hague – Palace Noordeinde, Ibis Budget Amsterdam City South and others, in all 1,732 high quality, stylish select service mid-scale and up-scale keys under IHG, Accor, Marriott and Hilton brand franchises across The Netherlands, Belgium and France.

Ibis Budget Amsterdam City South

No. of Keys: 1,732

Owner: The Borealis Hotel Group was founded in 1997 by Mr. Bart van de Kamp. The group specialises in the development, investment, operations and management of its hotels in Europe with a focus on major capital cities as well as airport locations across the continent.

Borealis acts as both a real estate investor and as a long-term leasee.

Management: Interstate Hotels & Resorts, a leading U.S.-based global hotel management company, operating branded full- and select-service hotels, resorts, convention centres, and independent hotels. Currently, Interstate’s global portfolio represents 550 properties in 12 countries inclusive of committed pipeline of signed hotels under construction or development around the world.

THPT Comment: Borealis have a successful track record in owning companies such as TVHG, The Conservatorium Hotel, The Radisson Airport Schiphol, Holiday Inn Amsterdam Airport and a host of others. They have been involved in more than €3 billion worth of transactions since inception, working with brands such as Hilton, Accor, IHG and Marriott.

First Seen: Finanz