GIC, APG Acquiring Stake in the Student Hotel
The Student Hotel wants you to know it’s not your average dormitory
Singapore sovereign investor GIC and Dutch pension fund manager APG have agreed to acquire what they term a “substantial” stake in Amsterdam-based The Student Hotel, in a deal valuing the hybrid student hostelry operator at €2.1 billion ($2.2 billion).
TSH’s properties combine student housing, hotel rooms, co-working/meeting spaces, and food and beverage under one roof. APG holds an existing stake in the company alongside its founder, Scottish businessman Charlie MacGregor, and fund manager Aermont Capital, a Europe-focused offshoot of New York-based Perella Weinberg Partners.
Under the terms of