AXA IM - Real Assets has completed the acquisition of a prime hotel in Amsterdam city centre. The hotel is operated by Hilton under its Doubletree brand on a long-term management agreement.
Built in 2011, the DoubleTree by Hilton Amsterdam Central Station is a modern full-service hotel comprising 29,710m² and offering 557 bedrooms, including 48 suites, all with floor-to-ceiling windows. Features of the well-maintained property include 15 meeting rooms, an executive lounge, a 100m² fitness centre and three restaurants as well as a rooftop bar and terrace with views over the River IJ and across the city. There is also an independently owned and operated carpark with 1,355 public parking spaces located beneath the hotel.
The prominent hotel benefits from a prime city centre position in Amsterdam, directly adjacent to Amsterdam Central Station and with the city’s abundance of tourist attractions all within easy walking reach. The asset’s accessibility is further enhanced by tram and metro connections, while Amsterdam Schiphol Airport is 20 minutes away by train or car.
Crispijn Stulp, Country Head, Netherlands at AXA IM - Real Assets, commented: “The DoubleTree by Hilton Amsterdam Central Station is a truly core asset benefiting from a prime position in a key European capital city that demonstrates favourable long-term fundamentals. Amsterdam is one of Europe’s fastest-growing and most dynamic markets drawing a balanced mix of both leisure and business visitors, making it an ideal destination in which to expand our hotel footprint and attractive addition to our income-producing managed portfolio. Having welcomed guests for over eight years, this hotel already has a strong track record and we now look forward to working closely with our operating partner whilst drawing on our own depth of experience in managing such assets to further enhance its return potential for the benefit of our clients.”
