Tristan Capital Partners’ latest opportunistic fund European Property Investors Special Opportunities 6 (EPISO 6) has acquired a majority shareholding in Raag Hotels Limited which owns Point A Hotels.
The transaction will provide a full exit for the Wellcome Trust, whilst the other current shareholders, Queensway, a company associated with the Jivraj family, and a company owned by Naguib Kheraj remaining as minority partners.
The Point A portfolio comprises 1,520 rooms in 10 hotels, with 80 per cent of its value in London. The independent budget boutique brand provides EPISO 6 with an immediate footprint across the best markets in the UK and Ireland in strategic locations near transport hubs.
