GIC and APG acquire a substantial stake in The Student Hotel from Aermont Capital, valuing the company at €2.1 billion

The Student Hotel (TSH), APG, Aermont Capital, Charlie MacGregor and GIC have reached an agreement as part of which GIC and APG will acquire a substantial stake in TSH and commit to invest to fuel further expansion for the hybrid hospitality leader, subject to customary regulatory approvals. The transaction values The Student Hotel, including assets currently under development, at €2.1 billion.