EQS Group-News: Partners Group / Key word(s): Investment/Real Estate 
Partners Group to acquire AUD 620 million Travelodge hotel portfolio in Australia 
2021-07-23 / 10:15 
=---------------------------------------------------------------------------------------------------------------------- 
Sydney, Australia; 23 July 2021 
  . Portfolio consists of eleven hotels with a Gross Asset Value of AUD 620 million 
  . Partners Group to acquire the portfolio in partnership with GIC and Salter Brothers 
  . Transaction provides an opportunity to capitalize on the long-term relative value of Australia's hospitality sector 
Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a portfolio of 
eleven Travelodge hotels in Australia with a Gross Asset Value of AUD 620 million, from Mirvac and NRMA. Partners Group 
will acquire the portfolio in partnership with Singaporean sovereign wealth fund GIC and Australian hospitality 
operator Salter Brothers. 
The portfolio, which is the largest of its kind to transact in Australia, is diversified across key metropolitan 
centers, including Sydney, Melbourne, and Brisbane, and consists of over 2,000 rooms. Acquiring the portfolio will 
provide an opportunity to capitalize on the long-term relative value of Australia's hospitality sector. The portfolio 
is also set to benefit from a nationwide campaign launched this year that aims to increase domestic tourism. Partners 
Group and its acquisition partners will work on a transformational value creation plan that aims to improve the 
utilization of the hotels through initiatives including rebranding, select upscaling, and widening their visibility 
through the expansion of loyalty and rewards programs across a wider distribution channel. 
Rahul Ghai, Managing Director, Private Real Estate, Partners Group, says: "Given our Relative Value approach, we have 
been monitoring Australia's hospitality sector over the last year for value-add opportunities created by the fall-out 
from COVID-19. This portfolio represents an excellent opportunity to acquire well-located assets and gain immediate 
scale in the sector at a discount to pre-pandemic prices. We particularly like this portfolio as it provides initial 
income with potential for further yield through transformational value creation strategies. It also provides a 
significant foothold from which we can scale towards a larger portfolio over time." 
Euan Kennedy, Member of Management, Private Real Estate, Partners Group, adds: "Although international travel remains 
restricted, there is some evidence of a steady economic recovery in Australia. Rising rates of vaccination are likely 
to support the progressive reopening of the economy and bode well for increased room penetration from both domestic and 
foreign travelers over the course of our investment. We are looking forward to working with our experienced operating 
and capital partners on this exciting opportunity." 
The portfolio represents Partners Group's third direct real estate investment in Asia so far this year. Partners 
Group's Real Estate business has USD 17 billion in AuM and has invested USD 22 billion since inception. 
Partners Group was advised by Clifford Chance and Ernst & Young. 
About Partners Group 
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 150 billion in 
private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. 
Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming 
attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create 
sustainable returns with lasting, positive impact for all its stakeholders. With over USD 119 billion in assets under 
management as of 30 June 2021, Partners Group provides an innovative range of bespoke client solutions to institutional 
investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 
diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; 
and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please 
visit www.partnersgroup.com or follow us on LinkedIn or Twitter. 
Partners Group media relations contact 
Henry Weston 
Tel: +44 207 575 2593 
Email: henry.weston@partnersgroup.com 
=---------------------------------------------------------------------------------------------------------------------- 
End of Media Release 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Partners Group 
              Zugerstrasse 57 
              6341 Baar 
              Switzerland 
Phone:        +41 41 784 60 00 
Fax:          + 41 41 784 60 01 
E-mail:       partnersgroup@partnersgroup.com 
Internet:     https://www.partnersgroup.com/en/ 
ISIN:         CH0024608827 
Valor:        2460882 
Listed:       SIX Swiss Exchange 
EQS News ID:  1221266 
 
End of News   EQS Group News Service 
=------------

1221266 2021-07-23


 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1221266&application_name=news

(END) Dow Jones Newswires

July 23, 2021 04:15 ET (08:15 GMT)