Castlelake Acquires 49.9% Stake in Millenium Hotels Real Estate.

MANews-(C)2009-2021

Certain funds of Minneapolis-based alternative investment manager Castlelake, L.P. will acquire up to 49.9% of the shares of Spain-based real estate investment company Millenium Hotels Real Estate (BME: MHRE), the company said.

Terms of the transaction were not disclosed.

Through the transaction, Castlelake will become the primary shareholder of the company and have three seats on its board of directors.

Castlelake's investment in MHRE builds on the firm's history of investing in Europe, where it has acquired more than 7,000 assets across 12 European countries since its founding in 2005.

The Millenium portfolio is currently comprised of 10 hospitality assets across...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT