AXA Investment Managers – Real Assets ,a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces that it has completed the acquisition, on behalf of clients, of a prime hotel in Amsterdam city centre. The hotel is operated by Hilton under its Doubletree brand on a long-term management agreement.
Built in 2011, the DoubleTree by Hilton Amsterdam Central Station is a modern full-service hotel comprising 29,710 sqm and offering 557 bedrooms, including 48 suites, all with floor-to-ceiling windows. Features of the well-maintained property include 15 meeting rooms, an executive lounge, a 100 sqm fitness centre and three restaurants as well as a rooftop bar and terrace with views over the River IJ and across the city. There is also an independently owned and operated carpark, with 1,355 public parking spaces, located beneath the hotel.
The prominent hotel benefits from a prime city centre position in Amsterdam, directly adjacent to Amsterdam Central Station and with the city’s abundance of tourist attractions all within easy walking reach. The asset’s accessibility is further enhanced by tram and metro connections, while Amsterdam Schiphol Airport is 20 minutes away by train or car. In addition to its strong cultural draw, Amsterdam is also a thriving business hub and home to the headquarter offices of a number of major international corporations, meaning that the DoubleTree by Hilton Amsterdam Central Station is equally popular with both business and leisure travellers.
The DoubleTree by Hilton Amsterdam Central Station adds to AXA IM – Real Assets’ over €3 billion portfolio of hotels across eleven countries that it manages on behalf of clients, and is the fifth addition to its Amsterdam hotels portfolio, which includes the iconic Grand Hotel Krasnapolsky. AXA IM – Real Assets’ hotels are predominantly operated by leading hotel brands through various different contracts, from traditional leases to management and franchise agreements.
1 Source: INREV/ANREV Fund Manager Survey – May 2019 – in terms of assets under management
Source : AXA Investment Managers – Real Assets