Dominus has sold the Courtyard by Marriott Oxford City Centre in the UK to Millemont Capital Partners for £74m ($97m).
The sale is claimed to be "the largest urban single-asset hotel transaction outside of London" so far this year.
Dominus CEO Preet Ahluwalia said: "The successful development of the Courtyard by Marriott Oxford City Centre and seven years of exceptional trading reflects our ability to create value across the full project life cycle, from investment through planning, development and operations.
"After 12 years of ownership, now is the right time for us to realise that value and reinvest the capital into new, value-add hotel ***** et management and development opportunities."
Dominus bought the site off-market in 2014.
The sale is claimed to be "the largest urban single-asset hotel transaction outside of London" so far this year.
Dominus CEO Preet Ahluwalia said: "The successful development of the Courtyard by Marriott Oxford City Centre and seven years of exceptional trading reflects our ability to create value across the full project life cycle, from investment through planning, development and operations.
"After 12 years of ownership, now is the right time for us to realise that value and reinvest the capital into new, value-add hotel ***** et management and development opportunities."
Dominus bought the site off-market in 2014.
3 months ago
