Among
the noteworthy deals of the past week was Millemont Capital Partner’s
acquisition of Yotel in Edinburgh, Scotland, from Starwood Capital Group.
EDINBURGH, Scotland — U.K. PE firm Millemont Capital
Partners has acquired the Yotel in Edinburgh, Scotland, from Starwood Capital
Group for an undisclosed price.
Located in Edinburgh’s New Town, the 276-room hotel opened
in 2019, having been converted from an office to a hotel by Starwood Capital.
As part of the acquisition, Millemont has exercised a pre-existing right to
convert the Hotel Management Agreement with Yotel to a franchise and has
appointed Troo Hospitality to operate the property.
Millemont plans to work closely with Troo Hospitality to
continue to grow the operational performance of the hotel and capitalize on
Edinburgh’s strong market fundamentals.
To download our list of deals from the past week in Excel
format, click here.