New investment company snaps up Hampton by Hilton Waterloo and Doubletree by Hilton York

21 September 2021 by
New investment company snaps up Hampton by Hilton Waterloo and Doubletree by Hilton York

Hotel management company Michels & Taylor (M&T) has taken over the operation of two Hilton-branded properties following their sale by Shiva Hotels.

The 297-bedroom Hampton by Hilton Waterloo and 143-bedroom Doubletree by Hilton York have been acquired by Conker Dawn, a new hotel investment vehicle led by Blackbear Capital's founder and managing partner Heath Forusz, supported by John Nacos and Michael Stanton.

A third hotel is expected to be acquired by Conker Dawn in the coming weeks as the company sets about building up a portfolio of hotels across the UK and Europe, with M&T as the operating partner.

The two hotels take the number of properties managed by M&T up to 25, comprising more than 3,500 bedrooms.

M&T has long been known for its hotel advisory and asset management businesses, while it has set up its managed division more recently.

Forusz said: "We are very excited to have secured our first major deal in the UK for our new vehicle. These two assets set the standard for our future acquisition strategy – first-class hotels in great locations with real potential for growth."

Shiva Hotels, which was founded by former Lehman Brothers derivatives trader Rishi Sachdev in 2001, now numbers four hotels: Lincoln Plaza London, operated under Hilton's Curio Collection; Hilton London Heathrow Airport Terminal 5; the Guardsman at Buckingham Gate; and Middle Eight in Covent Garden.

Photo: Chrispictures/

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