Henderson Park shows conviction for hospitality with platform buy
Private equity firm Henderson Park has bought the business and hotel management platform of Amaris Hospitality from LRC Group and launched its own hotel and asset management platform.
The launch of the new platform, Klarent Hospitality, and acquisition follows the firm’s purchase of a 2,424-bedroom portfolio of 12 Hilton-branded hotels, managed by Amaris Hospitality, in November.
Henderson Park has not acquired the Amaris Hospitality name and brand as part of the platform deal. It will continue to be owned by LRC Group.
Private equity firm Henderson Park has bought the business and hotel management platform of Amaris Hospitality from LRC Group and launched its own hotel and asset management platform.
The launch of the new platform, Klarent Hospitality, and acquisition follows the firm’s purchase of a 2,424-bedroom portfolio of 12 Hilton-branded hotels, managed by Amaris Hospitality, in November.
Henderson Park has not acquired the Amaris Hospitality name and brand as part of the platform deal. It will continue to be owned by LRC Group.
Klarent Hospitality will be led by the existing Amaris management team under Peter Stack and John Brennan, the current chief executive and chairman, respectively. All Amaris Hospitality employees will transition to Klarent Hospitality and continue in their current roles.
Henderson Park said the hospitality sector was one of its “conviction asset classes” and that it now had a portfolio comprising some 9,300 bedrooms across the UK, Greece, France, Ireland and Spain.
Nick Weber, founding partner of Henderson Park, said: “This new business will be integral to helping us drive further value for our investors from our hospitality assets. We have long admired the Amaris Hospitality business model and track record, as well as the quality and expertise of its team. We now look forward to working with John, Peter and the Klarent team to capitalise on the opportunities emerging in the hospitality sector in the near-term, as well as from the wider post-pandemic recovery in the coming years.”
John Brennan, chairman of Klarent Hospitality, added: “Henderson Park has a long history of successful investment in the hospitality sector and this transaction, with the creation of Klarent Hospitality, provides Nick and his team with a proven platform to further strengthen their existing hospitality market expertise. Our deep sectoral knowledge and experience of transforming, rebranding and managing hotels is highly complementary to Henderson Park’s investment and asset management expertise within the sector.”
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