THE LAST OF LONE STAR’S UK AMARIS PORTFOLIO SOLD TO ISRAELI LRC GROUP

Lone Star has fully exited its Amaris Hotels portfolio, selling 25 Mercure and Hilton branded hotels to Israeli investors LRC Group for close to £600 million, representing an average price of approximately £150,000 per room. It was reported that the price represents a blended yield of around 7%. The sale follows Lone Star’s disposal of the Jurys Inn brand to Swedish investor Pandox last December, and its sell-off of the ex-Puma 'Hotel Collection' in 2016/2017, netting a total of approximately £1.5 billion in the process.

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