BHP HOTELS SICAV Fund and Westmont Hospitality Group have acquired an exclusive property, the Crowne Plaza Hotel Milan - Linate. This strategic acquisition of a premium property into their portfolio signifies not only an extraordinary opportunity in the Italian market, but also a strong position for BHP in the luxury hotel sector.
Details of the transaction
Best Hotel Properties
Best Hotel Properties (BHP) is an active investor in the CEE region focusing on the ownership and operations of premium and luxury hotels. BHP cooperates with big hotel chains, such as Marriott International, Hilton Group and Kempinski. The current capacity of hotels in its ownership is 922 rooms in three European countries including Grand Hotel River Park in Bratislava. BHP also operates over 700 rooms in four luxury hotels in Slovakia owned by third parties - Grand Hotel Kempinski in the High Tatras, Crowne Plaza and Sheraton hotels in Bratislava, Double Tree by Hilton in Kosice. The Group's portfolio includes the operator of wellness clubs ZION SPA and a 50% share of a luxury restaurant Buddha-Bar network in Prague.
Westmont Hospitality Group
Founded in 1975, Westmont has grown to become one of the largest privately-held hospitality organizations in the world. Currently, Westmont operates and has ownership interests in more than 500 hotels across North America, Europe, Africa and Asia. Westmont drives value through rebranding, capital improvements and operational enhancements to deliver strong returns for co-investors. Its portfolio is diversified across 2 to 5-star properties, from budget aparthotels to mid-market business and large conference hotels to boutique hotels and high-end luxury hotels.
Crowne Plaza Milan - Linate
Crowne Plaza Milan – Linate is a prestigious 4-star business and congress hotel with a total of 436 rooms spread across 13 floors. With its prime location in the southeast area of Milan, in the San Donato Milanese district, close to Milan Linate Airport and Rogoredo train and subway station, the hotel offers convenience for both business and leisure guests. Following a complete renovation in 2020, it reinforced its position in the high-end hotel sector for clients looking for a luxurious stay, stylish accommodation and exceptional service. The hotel also includes the ExpoPlaza Conference & Exhibition Centre offering 2,300 square metres of space with 14 meeting rooms up to 1,500 delegates.
KPMG Role
KPMG in Slovakia and KPMG in Italy provided buy-side financial and tax advisory services to Best Hotel Properties and Westmont on the acquisition of a prestigious hotel Crowne Plaza in Milan.
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