SCHRODERS ACQUIRES ALGONQUIN
Schroders, an FTSE 100 global investment manager, has acquired the specialist hotel investment and management firm Algonquin. With assets under management of €1.8 billion, the French firm owns or manages 7,500 rooms across 43 hotels. The deal adds to Schroders’ real estate business, which already manages £13.2 billion worth of real estate assets in other sectors besides hotels. The integration of Algonquin into Schroder Real Estate Hotels will begin immediately.