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Oaktree sells Wembley Hilton for £100m

Wembley-Hilton

Oaktree Capital Management has sold the Hilton at Wembley Park, west London, for a profit before cost of more than 40%.

The private equity firm has sold the 361-bedroom hotel to a Middle Eastern individual for £100m – a 5% yield.

Oaktree separately bought two half stakes in the hotel from Quintain, now owned by Lone Star.

It bought the first in 2013 for £30m, and the second last year for £40m.

CBRE and Hodges Ward Elliott acted for Oaktree; the buyer was unrepresented.

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