Luxembourg, 20 December 2019
Vivion buys London hotels for £255 million
Vivion Investments S.á r.l. has agreed to sell one of its London hotels for a total consideration of £90 million, representing a 28% premium to its current value and 36% above acquisition cost. This transaction will close on 31 December 2019. At the same time, in a move to strengthen its presence in the London hotel market Vivion has agreed to purchase two hotel assets in a prime London location for a total consideration of £255 million. Following completion of these transactions, Vivion’s portfolio in greater London will comprise 16 hotels. The transaction will be largely funded from the proceeds of the disposal and from Vivion’s first bond, issued in August 2019. In Germany, Vivion is actively pursuing a number of transactions, which will be funded by the proceeds from its second bond, issued in October 2019.
Contact for more Information
Daan Bras – Investor Relations T
T +31 652 0900 26
daan.bras@vivion.eu
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