• Le Meridiens sold

Private equity buyer Kildare Partners has acquired a portfolio including the Le Meridien hotels in Frankfurt and Munich, from Deutsche Bank. Kildare has acquired both debt and equity in around 26 German properties, including offices and hotels, reports Property Week.

Kildare, created by veteran private equity player Ellis Short, has raised more than USD2bn from mostly US investors. The purchase of the German portfolio, named Mars, is Kildare’s first major deal.

Share →