US property fund manager Apollo Real Estate Advisors announced on Monday that it has sold its 41-room Dylan hotel in Amsterdam to a private investor for an undisclosed sum. Originally created by British designer Anouska Hempel, the hotel was launched as Blakes hotel in 1999 and renamed The Dylan in 2005. The hotel is located in a 17th century building in the heart of the city overlooking the famous Keizersgracht.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
