M&T Expand Portfolio with Two New Major Hotels
M&T Hotel Management, one of the UK’s leading hotel management companies, today announces two new management contracts with a combined total of 440 bedrooms.
The Hampton by Hilton Waterloo (297 keys) and the Doubletree by Hilton, York (143 keys) are the latest additions to the M&T portfolio, taking the number of hotels to 25 and rooms under management to over 3,500.
M&T is the exclusive operating and advisory partner for Conker Dawn. In this role, M&T will help identify, underwrite and then operate the assets on behalf of the vehicle.
Hugh Taylor OBE, CEO of Michels & Taylor comments: “For a number of years, M&T has been one of Europe’s leading hotel advisory and asset management businesses, but we are not as well known for our managed division which has quietly been building a great portfolio over recent years. This latest deal firmly positions M&T as one of the leading hotel management companies in the UK and importantly adds another first-class hotel to ou r London operation.
Our managed portfolio is now 25 strong across the UK and we have a significant pipeline of deals that we expect to close over the coming months. We are delighted to be working with Heath, his partners and the investors of Conker Dawn and look forward to helping them create a substantial and market leading portfolio of assets under our guidance and management.”
Heath Forusz, Managing Director of Conker Dawn Limited comments: “We are very excited to have secured our first major deal in the UK for our new vehicle. These two assets set the standard for our future acquisition strategy – first class hotels in great locations with real potential for growth. Our strategy relies upon strong management and hotel expertise and in this regard, we are very fortunate to be working with M&T, without doubt one of the strongest independent hotel teams in Europe right now.
We are focused on build ing on these initial acquisitions over the coming months and creating a quality portfolio of hotel assets across the UK and Europe.”
About M&T Hotel Management
Michels & Taylor is one of Europe"s leading hotel management, advisory and asset management businesses. Run by Sir David Michels and Hugh Taylor OBE, the company supports hotel owners, investors and lenders in enhancing value from their assets and is currently involved in around 100 hotels across Europe, including 25 hotels which it operates for its clients under full management contracts.
Conker Dawn Limited is a newly established investment vehicle initially focused on hotel acquisitions in the UK and across Europe. Founded by Heath Forusz, Michael Stanton and John Nacos, the company invests its own capital alongside third-party investors made up by a mix of high-net-worth individuals, family offices and private equity funds.