Schroders Capital Expands Hotel Portfolio with Strategic Acquisition in Milan
Schroders Capital has successfully acquired the NH Collection Milan CityLife hotel from Invesco Real Estate on behalf of one of its pan-European hotel funds. This transaction marks another strategic investment in high-quality hospitality assets across key European markets.
Developed around a 1930s former church, the NH Collection Milan CityLife hotel is situated in Milan’s thriving CityLife business district, an area known for its limited direct competition. The four-star hotel, operated by NH Hotels Group, features 185 rooms and caters to both business and leisure travelers.
This sale has enabled Invesco’s flagship European Hotel Fund to realize gains from the hotel’s strong performance since its 2022 completion and free up capital for reinvestment. David Kellett, Managing Director, Head of Alternative Investments at Invesco Real Estate, highlighted that the sale aligns with their strategy to reinvest in high-growth hospitality assets across Europe.
Schroders Capital’s Co-Head of Investments, Hotels, Thibaut Leonard, emphasized their continued commitment to investing in premium hotels in prime European locations with high barriers to entry. The NH Collection Milan CityLife hotel becomes the third Italian asset in their portfolio, alongside the Westin Milan and St. Regis Venice.
Advisors involved in the transaction included Legance (legal), Deloitte (financial), Artelia (technical), and CA-CIB (debt) for Schroders Capital, while Invesco Real Estate was advised by Eastdil Secured and Hogan Lovells (legal).
