Tristan Capital Ltd. has acquired easyHotel Ltd.

Tristan Capital Partners’ opportunistic fund European Property Investors Special Opportunities 6 (EPISO 6) has expanded the fund’s budget hotel platform via the acquisition of the easyHotel business, which comprises approximately 4,700 keys spread across 48 hotels and 11 countries. easyHotel is one of Europe’s best known budget hotel brands, with a low-carbon and environmentally friendly value proposition.

Tristan Capital Partners is a real estate investment manager, specialising in value-added investment strategies across all property types in the UK and Europe. Tristan’s pan-European real estate funds include core+, opportunistic and debt strategies, with total assets under management of over €15 billion and a loyal client base of institutional and private investors. The company was founded in 2009. Tristan’s headquarters are in London, and it has offices in Luxembourg, Paris, Amsterdam, Frankfurt. Milan and Madrid. Tristan is an affiliate of New York Life Investments, a US$727 billion global investment company. Tristan is authorised by the Financial Conduct Authority and is MiFID compliant.

easyHotel is one of Europe’s best known budget hotel brands, with a low-carbon and environmentally friendly value proposition. easyHotel includes an estate of 48 hotels, comprising 16 franchised sites and 32 owned and leased hotels across the UK and Ireland, France, Benelux, Spain, Switzerland, Germany, Portugal, Hungary and Bulgaria. The shareholders intend to significantly grow the easyHotel platform

ICAMAP is an independent investment fund management company specializing in European real estate, founded in 2013 and led by its founding partners, Guillaume Poitrinal, Harm Meijer, and Alexandre Aquien. ICAMAP manages US$1.5 billion (€1.3 billion) in equity on behalf of leading international, institutional, and family office investors. ICAMAP manages real estate value-add funds across three main areas of investment expertise: private investment in real estate companies, low carbon real estate development, and listed property. The teams of ICAMAP and ICAMAP Advisory are located in Luxembourg, Paris and London.

Oaklins Cavendish, one of Oaklins’ member firms in the UK, advised Tristan Capital Partners on their acquisition of easyHotel Ltd. — the developer, operator and franchisor of the distinctive easy-branded hotel portfolio. The offer valued easyHotel at approximately US$282 million (€242 million) and was welcomed by Sir Stelios Haji-Ioannou, creator of the easy family of brands.