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Oaktree to sell Wembley Hilton

Hilton-Hotel,-Wembley-Park

Oaktree Capital Management has instructed CBRE to sell the Hilton hotel at Wembley Park, north-west London, less than six months after buying out joint venture partner Quintain Estates & Development.

The private equity firm is seeking £95m for the 361-bedroom hotel, which it bought in two phases for a total of £70m.

Oaktree originally paid £30m for a half stake in 2013 when the hotel opened and bought out the remaining interest from Quintain in May this year.

amber.rolt@estatesgazette.com

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