Dominus has sold the Courtyard by Marriott Oxford City Centre to Millemont Capital Partners for £74m, or $97m, in what is claimed to be the largest urban single-asset hotel transaction outside London so far this year. Dominus developed the 160-room hotel after buying the site off-market in 2014, later adding nine rooms via a roof extension, and has operated it under the Courtyard by Marriott flag since 2019 with occupancies consistently above 90%. CEO Preet Ahluwalia said the sale after 12 years of ownership allows the company to realise value and reinvest capital into new hotel asset management and development opportunities. Millemont Capital Partners co-founder and CEO Ashley Shaw noted the acquisition aligns with the firm’s focus on high-quality, operationally resilient hotel assets in strong UK markets, adding that Oxford’s mix of leisure, academic and corporate demand makes it one of the most attractive hotel markets in the UK. JLL served as the adviser for the transaction.
Jones Lang LaSalle IncorporatedJLL advised on the transaction, generating advisory fees.
Dominus sold the hotel for £74m, realizing value and capital to reinvest.
Millemont Capital Partners acquired a high-quality hotel asset in a strong market.