A partnership led by Brookfield has put a collection of luxury hotels in Europe, valued at €400 million, up for sale.
The portfolio consists of five high-end hotels located in major European cities, according to individuals familiar with the matter. The properties are being marketed by Eastdil Secured, a real estate investment banking firm.
The hotels included in the offering are situated in Paris, Amsterdam, and Rome, among other cities. According to the sources, the joint venture is seeking buyers for the entire portfolio but may consider selling the assets individually if necessary.
The decision to sell comes as the European hospitality sector continues to recover from the impact of the COVID-19 pandemic. Demand for luxury accommodations has increased, with investors showing renewed interest in prime hotel assets.
Representatives for Brookfield and Eastdil Secured declined to comment on the sale process.
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