The newly-developed 23-storey QO Hotel is a prime asset which features 288 rooms, conference facilities, as well as a restaurant and rooftop bar with a panoramic view of Amsterdam. The building incorporates best practice in sustainable construction and energy efficiency and the ambition is for it to become the first platinum LEED-certified hotel in Europe.
The QO Hotel Amstelkwartier is well located in the Amstel area of Amsterdam and is easily accessible due to its excellent local transport links and proximity to Schipol Airport.
Sander van Riel, Head of Continental Europe, CBRE Global Investment Partners, said: “The acquisition of the QO Hotel Amstelkwartier is in line with a key GIP strategy – to acquire very well located and positioned hotels in liquid markets. As one of the core hotel markets in Europe and fifth most visited city in Europe, Amsterdam continues to perform well with robust market fundamentals which incorporate a relatively balanced mix of both corporate and leisure demand”.
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About CBRE Global Investment Partners (CBRE GIP)
CBRE Global Investment Partners (“GIP”) is a division of CBRE Global Investors that delivers investment solutions customised for clients’ individual objectives, using private funds, club deals, secondaries, co-investments and programmatic ventures, partnering with leading operators for each strategy. Investments cover the risk spectrum from core to enhanced and use a variety of investment vehicles based on clients’ preferences.
GIP had equity AUM of $20.5 billion* at September 30, 2017. Clients invest via separate accounts, which have a regional or global remit, and GIP’s pooled funds. Pooled solutions include a global perpetual core fund and regional enhanced return funds.
CBRE Global Investment Partners Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA).
*Assets under management (AUM) includes investments in programs managed by the direct side of the CBRE Global Investors. APAC AUM is included in both Direct and Indirect Real Estate.