New investment partner for Q Hospitality Group
Joining forces with Garden Capital Group focused on acquisition & growth
Amsterdam, 17 November 2024 – Q Hospitality Group presents its new shareholder Garden Capital Group. In parallel, the capital structure of the Dutch hospitality company will be significantly strengthened through an issue. This cooperation fits perfectly with the group’s ambition to invest heavily in the coming years in acquisitions of distinctive hotels and in the development and further professionalization of the exclusive hotel brand Quality Lodgings.
With the announcement, Q Hospitality Group welcomes the investment company of entrepreneur Léon Dijkstra, who earlier this year sold his stake in Zien Group (formerly Eden Hotels) to Leonardo Hotels. At the same time, it bids farewell to shareholder and co-founder Willem-Jan van den Dijssel. Bas Tolmeijer, CEO of Q Hospitality Group: “We had a wonderful time working with Willem-Jan and developing, acquiring and selling many exceptional hotels. But where he wants to focus on other interests, companion Francesco Monaco and I have the ambition to continue to fully build on the growth of ‘Q’. In Léon Dijkstra we found a partner who shares our vision and looks at value creation through acquisition with the same eyes.”
Investing in employees
Tolmeijer and Monaco look forward to working with their former competitor. Because the parties have known each other well for more than 20 years, there is mutual rock-solid confidence in a successful future. Leon Dijkstra: “I have always followed Q Hospitality Group with great interest and am pleased that after the sale of my interests in the family business I can continue as an active investor in the development of yet another exceptional hotel company.””
In addition to the acquisition of Van den Dijssel’s Q Hospitality Group shares by Garden Capital Group, shareholders have paid up significantly on newly issued Q Hospitality Group shares. As a result, the group is optimally financed to implement its growth plans. The focus here is on hotels that fit into the Quality Lodgings portfolio: exceptional companies at the top of the market that distinguish themselves through personal hospitality and outstanding gastronomy.
From left to right: Leon Dijkstra, Joost Peeperkorn (both Garden Capital Group), Wouter Dekker, Francesco Monaco, John Stoffers, Bas Tolmeijer (all Q Hospitality Group).
Quality Lodgings
The independently operating subsidiary Quality Lodgings will also benefit from the new cooperation. Just last month in Copenhagen, the exclusive hotel collective received the award for Best European Hotel Group. Investments will be accelerated in the technical platform, increasing marketing power, expanding purchasing advantages and growing the number of affiliated hotels at home and abroad.
With the arrival of the new shareholder, the organization will also be further professionalized. The group management board will be expanded with operations director Wouter Dekker, while Jan ten Kate, former chairman of Eden Hotel Group’s supervisory board, will hold the same position on a soon-to-be-appointed supervisory board.
About Q Hospitality Group
Q Hospitality Group, founded in 2018, focuses on acquiring hospitality projects, real estate and developing and expanding unique hospitality concepts. Rental and management contracts are also among the possibilities. The portfolio consists of Kasteel De Essenburgh (Hierden), wellness resort Thermae 2000 (Valkenburg), Hotel Haarhuis located in Arnhem and the Koepelgevangenis, Veluwe Hotel De Beyaerd (Hulshorst) and Kasteel Engelenburg (Brummen).
The exclusive hotel collective Quality Lodgings, with a collection of over 120 independent quality hotels in 8 European countries, Q Advisory & Development and private equity company Q Participations (including the newly opened 5-star hotel The Diamond Amsterdam) are independently operating subsidiaries within Q Hospitality Group. More information at: www.qhospitality.group.
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