US-based investment company KKR and Amante Capital, a hotel real estate investor, have acquired the Park Grand London Kensington Hotel from Bartek Holdings.  

The investment was made through KKR's Real Estate Partners Europe II (REPE II), a real estate fund designed for value-added and opportunistic investments in Western Europe.  

Located in the Royal Borough of Kensington & Chelsea, the acquired property features 132 rooms, meeting rooms, restaurant and bar, and other amenities. 

It will now be operated by Amante Capital under Marriott International's Tribute Portfolio brand.  

The new owners will transform the property into a boutique lifestyle hotel following a revamp. 

This refurbishment will be focused on improving the property's environmental credentials, aligning with KKR’s and Amante Capital’s commitment towards boosting sustainability in the industry. 

The acquisition signifies the first collaborative venture between KKR and its European hospitality partner Amante Capital since the inception of their vertically integrated hotel platform in 2022.  

Financial details related to the latest deal were not shared. 

KKR managing director and Transactions France and Hotels head Mai-Lan de Marcilly said: “We are delighted to announce our first acquisition with Amante Capital since launching the strategic partnership. The transaction is a testament to the talented team, reaffirming our strong conviction in building a best-in-class operating platform to invest behind strong secular demand for European and UK hospitality and attractive pricing in a dislocated capital market.” 

Recently, KKR and Marriott International announced their foray into Japan’s midscale hotel sector with Four Points Express by Sheraton.