Student Hotel to expand across Europe

10, November, 2014


Accommodation specialist The Student Hotel has announced a capital increase and equity commitment of €150 million (US$ 187 million), funded by Perella Weinberg Real Estate, along with plans to expand significantly across Europe.



The Student Hotel currently operates accommodation at four locations in The Netherlands and Belgium


“The capital increase will allow The Student Hotel to address the shortage of quality accommodation across Europe to meet local and international student needs, through the accelerated roll out of the brand’s innovative accommodation model,” said a company statement.

The Student Hotel currently operates four properties in the Benelux region in Amsterdam, Rotterdam, Liège and The Hague. The capital funding will allow the company to expand into major European student housing brand by developing, owning and operating hotels.

The expansion will target major European student cities including: London, Brighton and Edinburgh in the UK; Madrid and Barcelona, Spain; Berlin and Frankfurt in Germany; the French capital of Paris; and Dublin in Ireland. The Student Hotel will operate 2,200 rooms by 2015 and aims to reach 10,000 rooms by 2020.

The first acquisition to result from the partnership is the Trouw/Parool Tower in Amsterdam, a former newspaper office which will be converted into a 574-room hotel, with facilities including a gym, classrooms, offices, three on-site restaurants and a club.

Charlie McGregor, Founder and CEO of The Student Hotel, said, “We are thrilled about our partnership with Perella Weinberg Real Estate. The movement of students between countries has become a global phenomenon. The growing number of international students deserves better and more accommodation options, no matter where they go in Europe, and it’s going to work with an investment partner that shares our vision to roll-out high quality and community-driven student and hotel accommodation across Europe.”

Vincent Rouget, Managing Director of Perella Weinberg Real Estate UK LLP, said, “We are truly excited about our partnership with The Student Hotel and its management team. We believe The Student Hotel is one of the most exciting concepts in student accommodation today. The unique design and hybrid business model of the Student Hotel makes it well suited to cater to those that seek short- and long-term study and training opportunities at home and abroad, and we aim at supporting future growth of this successful concept in the Netherlands as well as in other European markets.

This week The Student Hotel is hosting delegates for a tour of its Amsterdam residence as part of the Class of 2020 European Student Housing Conference.

 

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