KKR and Baupost to acquire 33 Marriott International Hotels in the UK from Abu Dhabi Investment Authority for £900m.

KKR, a global investment firm, and Baupost, a hedge fund agreed to acquire 33 Marriott international hotels in the UK from Abu Dhabi Investment Authority, a sovereign wealth fund, for £900m. “Our purchase of this impressive portfolio reflects our conviction in the UK and the opportunity we see to invest behind strong fundamentals and long-term growth in the European hospitality sector. With Amante Capital we have built the capabilities to be a scaled acquirer and operator of premium hotels across Europe. This is our second investment with Marriott International in Europe and expands our global relationship as well as making us the largest owner of premium segment Marriott International hotels in EMEA," Mai-Lan de Marcilly, KKR Managing Director.