Guelda Voien
Blackstone recently sold the hotel, a project of casino developer Delbert Eugene Webb, for $725m.
The manager is set to expand the Village Hotels brand it acquired for €800m to other European markets and the US.
The venture between the US manager and the Netherlands’ biggest pension has made an initial investment in Leiden, Netherlands.
An undisclosed ultra-high-net-worth individual purchased the revamped property from ActivumSG for €51m.
The manager is buying 24 properties comprising 5 million square feet from logistics giant Prologis with equity from its $4.9bn sixth industrial value-add fund.