360 Capital purchases 70% stake in Hotel Capital Partners
SYDNEY: 360 Capital Group has purchased a 70% interest in Hotel Capital Partners (HCP).
HCP was initially established in 2000 by well regarded hotel investor and operator, Stephen Burt as a specialist hotel investor utilising third party capital to invest in hotels, hotel debt and management companies across the full spectrum of hotel classifications from limited service through to luxury.
Stephen has joined the Group as joint venture partner and Managing Director of Hotel Capital Partners.
The Group is starting to see significant opportunities in the hotel sector and by partnering with Stephen, we believe HCP has the opportunity to build a significant hotel investment and operational platform.
Tony Pitt, Group Managing Director said, “I have known Stephen for over 20 years and having worked with him on the acquisition and growth of the Travelodge Portfolio back in 2005, as well as witnessing HCP growing several hotel platforms over the past 20 years under his stewardship. We are excited to have the opportunity to partner with Stephen in rebuilding and capitalising on various hotel opportunities going forward”.
360 Capital Group is an ASX-listed, investment and funds management group, focused on strategic and active investment management of alternative assets. Led by a highly experienced team, the Group operates in Australian and global markets investing across real estate, public and private equity and credit strategies. We partner with our stakeholders to identify, invest and realise on opportunities.
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