GIC and APG to acquire a stake in The Student Hotel from Aermont Capital at a $2.2bn valuation.

GIC, a sovereign wealth fund, and APG, an investment management firm, agreed to acquire a stake in The Student Hotel, a hybrid hospitality brand, offering spaces that combine student accommodation, hotel, extended stay rooms, and co-working facilities, from Aermont Capital, a private equity company, at a $2.2bn valuation. “We are very excited to welcome GIC on board, and together with APG, we look forward to bringing The Student Hotel experience to more cities across Europe. We have bold plans and the additional committed capital will allow us to be even more ambitious. I’m very grateful for Aermont being alongside us since 2014, for what has been an amazing journey to where we are today. With our hybrid hospitality model, we have become a game-changer for the hospitality industry and have a major growth platform to welcome more guests to our hotels,” Charlie Macgregor, The Student Hotel Founder & CEO.