The Student Hotel has announced a capital increase and equity commitment of EUR 150 million funded by Perella Weinberg Real Estate which will enable the Amsterdam-based leading student accommodation provider to expand significantly further into Europe.
The capital increase will allow The Student Hotel to address the shortage of quality accommodation across Europe to meet local and international student needs, through the accelerated roll out of the brand’s innovative accommodation model.
Sites to include London, Brighton, Edinburgh and Dublin
The Student Hotel currently operates four properties in the Benelux region. The capital increase will enable the company to expand into a major European student housing and hospitality brand by developing, owning, and operating hotels in leading university cities that attract international students, young professionals, and youth travellers. The expansion strategy will target, among others, sites in Paris, London, Madrid, Barcelona, Berlin, Frankfurt, Brighton, Edinburgh and Dublin.
Hotel properties ranging from 350 to 700 rooms
Aiming to own and operate hotel properties ranging from 350 to 700 rooms, The Student Hotel seeks to serve the flexible accommodation needs of the growing Millennial generation. According to the OECD, the population of internationally mobile students more than doubled from 2.1 million in 2000 to nearly 4.5 million in 2011. The total number of international students is set to rise to 7-8 million by 2020, exacerbating an already profound shortage of student accommodation.
Long-stay student accommodation/short-stay hotel facilities
The Student Hotel’s innovative and unique concept maximises occupancy yields by fusing long-stay student accommodation with short-stay hotel facilities, offering a truly flexible model. The brand has a boutique approach and delivers high quality design, food & beverage, events, amenities and a flexible rental system to an otherwise under-serviced market.
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About The Student Hotel
The Student Hotel is where the needs of the demanding 21st century student and the design-savvy traveller of today meet in dynamic harmony. By fusing luxury, long-stay student accommodation with short-stay facilities for the social globetrotter, The Student Hotel is pioneering a modern hybrid in hospitality, the likes of which have never been seen before.
The Student Hotel was founded by Scottish entrepreneur Charlie MacGregor, 38. Headquartered in Amsterdam, the company provides fully-serviced, state-of-the-art accommodation with all-inclusive rates to students, trainees and travellers. The Student Hotel currently operates 1,650 rooms across four cities. It established its first operations in Liege, Belgium in 2008. After a few years of planning and construction it opened the first full-service hotel in Rotterdam, which recently doubled its capacity to 485 rooms to satisfy increasing demand. The Student Hotel Amsterdam West is its largest hotel in the Benelux, with 707 rooms. In summer 2014, a fourth location with 310 rooms was opened in The Hague. These first four properties were developed together with affiliates of the Carlyle Group, who will continue to be partners of The Student Hotel