UK: Private equity firm Limestone Capital has purchased the five-star luxury Nobu Hotel London Shoreditch for an undisclosed sum.
The property offers 164 guest rooms, a restaurant, fitness and wellness facilities, and more than 3,000 square feet of event space.
Having temporarily closed in 2020, the hotel reopened two years later with an additional penthouse and two skyline bedrooms on the sixth floor.
BHN understands that Nobu Hotel London Shoreditch has been on the market for several years. Electra America Hospitality Group (EAHG) attempted to buy the site in 2021 for £75 million, however the transaction fell through.
Limestone acquired the property from LaSalle in an off-market deal and was advised by JLL.
Benjamin Habbel, co-founder and CEO of Limestone Capital, said: “We are pleased to add the Nobu Hotel London Shoreditch to our portfolio as we continue to expand our presence in key gateway cities. This acquisition underscores our confidence in the resilience of the London hospitality market and supports our strategy of acquiring well-located assets with strong value-add potential.”
Jeff Coe, co-founder and general partner of Limestone Capital, added: “This property represents an attractive opportunity in a highly sought-after location. Our focus remains on acquiring prime real estate assets to enhance their performance and long-term value.”
Nobu Hotel London Shoreditch opened in 2017 and marked the first European property from the brand. In the UK capital, it was later joined by Nobu Hotel London Portman Square in 2020.
Limestone’s hotel portfolio includes the Aethos brand platform which has seven sites in Italy, France, Portugal and Spain. The brand is due to soon launch in the UK.
Alongside real estate, including the Voaara luxury resort located off the coast of Madagascar, the firm is also the largest shareholder in Emerald Stay, a luxury rental management company and hospitality brand, and recently acquired a majority stake in LOISIUM Wine & Spa Hotels.