Hamlins has acted on behalf of its client, Hamilton – Pyramid Europe, an independent hotel advisory company, on a new joint venture with Canada Pension Plan Investment Board (CPP Investments).
With an initial commitment of EUR500m, the joint venture will focus on the acquisition of operating hotels in key destinations across Europe. The JV will seek to identify sites which offer a superior luxury experience within cities and resorts with a strong appeal to tourists and holidaymakers.
Hamilton – Pyramid Europe provides expertise to hotel owners through a range of solutions and services including hotel management, asset management, project management and development and acquisition and advisory services.
This is a significant partnership which will bring together Hamilton’s strong sector knowledge with CPP Investment’s goal to drive long term value through exposure to the European hospitality sector.
Joseph Holder, Senior Partner at Hamlins, said:
“We were delighted to act for Hamilton – Pyramid Europe utilising our joint expertise in the Hotel and Hospitality sector to achieve an excellent outcome for all parties in this new Joint Venture.”
Tobi Weissinger, Partner at Hamilton Pyramid Europe, said:
“This was a significant and complex transaction and the Hamlins team delivered expert advice under very tight timelines. We are hugely grateful to Hamlins for their expertise and support in this exciting venture.”
CPP Investments is a professional investment management organisation which manages the fund on behalf of contributors and beneficiaries of the Canada Pension Plan.