It was reported this week that Ennismore Capital, owner of the Hoxton Hotel
in London, has agreed terms to purchase the freehold of the Rembrandt Classic Hotel
(pictured below) in Amsterdam from Hotusa Hotels for €25 million. Ennismore is expected to spend a further €5 million converting the 111-room hotel, which is housed over five historic townhouses on the Herengracht canal, into the Hoxton Amsterdam. Ennismore is also already hard at work expanding the brand in its home city. The group bought a former BT office building last year for almost £30 million which is expected to open as the Hoxton Holborn in May 2014 after undergoing a £15 million refurbishment.