Gengate Europe may bring luxury hotels to market

4 Nov, 2011 Edward general,hotels,ozseeker,slidsehow

A luxury portfolio of five French and Dutch hotels may be put up for sale for more than €500m following a recent review.

The hotels include the 97-bedroom Renaissance Paris Vendome, the 757-bedroom Paris Marriott Rive Gauche, the 327-bedroom Renaissance Paris La Defense, the 150-bedroom Courtyard Paris Defense West and the 402-bedroom Renaissance Amsterdam.

The owner of the hotels, Gengate Europe, is made up of investors that include Goldman Sachs’ Whitehall funds, Gencom and Highgate. Goldman’s Whitehall funds own most of the portfolio.

Gengate Europe has appointed HVS Hodges Ward Elliott to undertake the review of the assets.