Dutch property company TVHG has secured a capital injection that will allow it to carry out €120m of mainly budget hotel developments.
Metric Capital Partners, which was set up last year as a UK-based capital provider to mid-cap European companies, and Hutton Collins Partners invested via a credit instrument with equity participation. TVHG will use the cash to expand in Belgium, Luxembourg and France, as well as in the Netherlands.
The company, which is headed by Bart van de Kamp, has partnerships with hotel chains Intercontinental, Hilton, Marriott, Starwood and Accor. Colliers International, in partnership with Cornucopia Capital, advised TVHG on the deal’s capital sourcing and structuring.