Deal marks the second partnership with Starwood Capital Group

Starwood Capital Group, a leading global private investment firm, announced
today that a controlled affiliate of Starwood Global Opportunity Fund XI has acquired a portfolio of
seven Hilton hotels throughout the United Kingdom, totalling over 1,300 rooms from Park Hotels &

The portfolio is located in several of the UK’s top hotel markets, including London, Edinburgh, Bath
and Belfast, which benefit from high occupancies, high barriers to entry and solid investment

Starwood Capital Group plan to refurbish a number of the assets in order to transform operating
performance and enhance asset values, with the portfolio being managed by Kew Green under
franchise agreements with Hilton Worldwide. This marks the second acquisition in 12 months where
Starwood and Kew Green have partnered, following the successful acquisition of the 298-key Holiday
Inn Manchester in April 2017.

“We are delighted to be partnering with Kew Green on yet another exciting transaction involving prime
UK city centre assets” said Jon Asumendi, Vice President at Starwood Capital Group. “We are
acquiring this well-located portfolio at a substantial discount to replacement cost and with significant
upside potential still to be realised. We look forward to investing in these properties alongside Kew
Green and leveraging Starwood Capital Group’s hospitality expertise to maximise portfolio
performance and investment returns.”

“Adding seven high quality Hilton branded assets to our Management Platform is an exciting step
forwards for the Kew Green Group. We are also very pleased to be partnering with Starwood Capital
Group for a second time to unlock opportunities in the portfolio, where we can create value together”
said Jamie Lamb, Executive Chairman, Kew Green Group Ltd.

Featured image: Hilton London Angel Islington