AJ Capital Partners, the Nashville-based real estate investment manager, has put the Graduate by Hilton hotel in Cambridge up for sale in the region of £65 million.
The Graduate is one of the investor’s only two international hotels, with its remaining 33 hotels being located in the United States. The Cambridge hotel is held on a long leasehold and has 148 rooms, a restaurant and 151 parking spaces. Additional features include a fitness centre, swimming pool and 430 sq m of event space.
The Graduate Hotel is located on the banks of the River Cam and is operated by US-based Schulte Hospitality Group. In 2021, the hotel underwent significant refurbishment. The second international hotel in AJ Capital Partners’ portfolio is the 151-room Randolph Hotel in Oxford. The Randolph is also managed by Schulte.
Miles Auger, head of UK hotels at CBRE, which has been appointed as agent for the transaction, said: “Graduate Cambridge represents an opportunity to acquire a recently refurbished hotel in one of the UK’s most competitive and internationally recognised markets. Given Cambridge’s demand profile and limited future supply, we expect to see strong interest from domestic and global capital.”
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