Patron – Acquisition of hotel building in Warsaw

The London-based real estate investment manager, Patron Capital Partners, has acquired the Sheraton Warsaw Hotel in Warsaw as part of a larger hotel portfolio, from the London-based private equity real estate firm, Benson Elliot, and its joint venture partner the Chicago-based real estate private equity firm, Walton Street, for a total portfolio acquisition price of €600Mn. The recently-refurbished hotel offers 350 rooms and is conveniently located near the embassy district.