Advising Sun Venture on its first hotel investment

We have advised Sun Venture on its acquisition of the Hyatt Place London City East from Resolution Property.

Based in Singapore, Sun Venture is a privately held multi-asset investment firm which invests globally and across different asset classes such as public equities, fixed income, private market funds, real estate, private equity and alternatives. This acquisition represents Sun Venture’s first investment into the hotel sector and reaffirms its strategy to expand its presence in new asset classes with favourable demand and supply dynamics, such as the hotel sector.

The acquisition was influenced by its top green credentials, evident in the hotel's BREEAM Excellent certification and registration on a net zero pathway with the Carbon Risk Real Estate Monitor. Formerly an office building, the Hyatt Place London City East opened as a 280-key hotel in 2021. The hotel is located in the heart of Aldgate and will continue to be managed by Cycas Hospitality.

Commenting on the transaction Esther Siam, director, real estate at Sun Venture, said: “As a firm, we see great strength and resilience in the hotel sector in London and other gateway cities and look forward to growing our footprint in the sector.” 

Real estate partner Leona Ahmed added: "It's been great to work with Sun Venture and to have supported them in their first venture into the hotel sector. This transaction is a great illustration of our expertise and commitment to supporting our clients as they broaden their investment portfolios. We are pleased to see Sun Venture diversifying their real estate portfolio with a high-performing, sustainable asset in one of the most vibrant and evolving areas of London."

The transaction was led by partner Leona Ahmed with support from partners Richard Bursby and Edward Story, senior counsel Hanna Ross, senior associate Lacy Gratton, associate Adam Grant, trainee solicitor Olivia Johnson in the Real Estate team, senior associate Christopher Monk in the Banking and Finance team and senior associate Harriet Revington in the Tax and Incentives team.