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July 18, 2019

The World’s Biggest Maker Of Bikes And Motorbikes Has Big Ambitions In UK Hotels
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The world’s billionaires still like UK real estate. And one of them has struck a £500M joint venture that could turn into the UK's first hotel REIT.

Sunil Kant Munjal and his family made their money in two-wheeled transport. The Hero Group of companies set up by Munjal’s father and three uncles in New Delhi, India, in the 1950s is the world’s largest manufacturer of bikes and motorbikes, with 75 million sold in the company’s 63-year history, including through a joint venture with Honda.

Munjal’s net worth is estimated at more than $3B, and he is now ploughing some of that into the UK hotel market.

The World’s Biggest Motorbike Maker Wants To Create The UK's First Hotel REIT

His Hero Enterprise investment office has set up a joint venture with Catalyst Capital to invest an initial £500M in UK and Irish hotels, both developing new hotels and buying existing schemes. The ambitions don’t stop there, Catalyst founder and Chairman Julian Newiss told…

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Suddenly everything has changed as JLR announces plans to invest heavily in electric car production at Castle Bromwich. BMW are also investing in electric vehicles, backing the new electric Mini to be built in Oxford.

Does this mean the good times continue to roll for the West Midlands’ auto-related property sector?

It has been an awful few months for the UK auto sector, and it came after an even more awful 2018. The Ford and Honda closures came as investment in the UK car sector plunged by 46.5% to £588.6M from £1.1B…

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