Commercial real estate services provider Colliers International has acquired hospitality asset management company Vision Asset Management Co (Vision) for an undisclosed sum.
Founded in 2001, Vision advises clients in the UK, and accross Europe, the Middle East and Africa including the Adnams' Portfolio of 16 Hiltons, the Crowne Plaza in the Stephenson Quarter, Newcastle, and the Cadogan Estate hotels and serviced apartments.
Vision will be rebranded as Colliers International and integrated into the existing Hotel Property Services operation.
Marc Finney, Colliers' head of hotels and resorts consulting alongside directors Ben Godon and Allan Davidson, will lead the Colliers' Hotels Property Services team, which will now consist of over 30 professionals.
Tony Horrell, CEO, Colliers International, UK and Ireland, said: "Vision is well regarded by investors, owners and funders looking to increase investment performance in the hospitality sector. These market leading professionals will enhance our existing team of hotels experts; as well as complement our investment property management service. The addition of asset management brings a new dimension to the hotel and hospitality services that we provide to our clients across the country."
Godon said: "Joining forces with Colliers is a natural evolution for us. We share the same commitment to client service and entrepreneurial culture. This move has many positives for our employees who will benefit from the enhanced career opportunities it brings."
Colliers International operates in 66 countries. It provides services including global corporate solutions; workplace solutions; and thought leadership consulting, to real estate occupiers, owners and investors worldwide.
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