Hotel management consultancy Michels & Taylor has signed a partnership deal with property investment manager FREO Group, granting it access to investment opportunities.
The deal will allow M&T to invest in hotels itself as well as on behalf of clients, in addition to the hotel management and advisory services it already provides. It can also source its own purchases with FREO and its investment partners.
FREO has bought 25% of M&T’s shares as part of the agreement.
Sir David Michels, chairman of M&T, said: “This deal with FREO allows us to continue to develop our core businesses for our clients, but now with real investment resources behind us.”
Hugh Taylor OBE, chief executive of M&T, added: “This strategic partnership is the logical next step for our business and will allow us to work even closer with our current and future clients on their hotel and investment strategies.”
Andrew Hunter, managing director of FREO Management in the UK, added: “FREO believes that expertise in managed real estate is critical for future development and asset management.
“This relationship will open up significant opportunities for FREO and its investment partners across the full value chain of hotels, from initial feasibility through delivery to long-term operation.”
AHV Associates, the boutique investment bank in the hospitality sector, initiated the partnership discussions and advised FREO on the deal.
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