HVS HODGES WARD ELLIOTT SELLS TWO LONDON CLUB QUARTERS HOTELS
Chelsfield Partners has sold two Club Quarters hotels in the City of London to a joint venture between AXA Investment Management Real Assets and Danish pension fund ATP for £180 million. The transaction involved the sale of the 203-room Club Quarters Gracechurch Street and the 265-room Club Quarters St. Paul’s, both of which are operated by US management company Club Quarters on long-term management agreements. The freehold properties also include seven retail and restaurant units. HVS Hodges Ward Elliott brokered the deal on behalf of Chelsfield Partners.