Colliers International has acquired Vision Asset Management, one of Europe’s leading hospitality asset management companies.

The business will be rebranded as Colliers International and integrated into Colliers’ existing hotel property services operation.

Following the acquisition, Colliers’ combined hotels property services team will now total more than 35 professionals offering agency and valuation advisory, as well as asset management services.

Colliers’ head of hotels and resorts consulting Marc Finney will lead the expanded team, working with new directors Ben Godon and Allan Davidson who will continue in the roles they held at Vision.

Davidson said: “Having built a significant market share within the hospitality sector, we have found the right international partner to help us take the next strategic growth step for our business.

“For us, this is the beginning of a new chapter and we are looking forward to combining our local and sector expertise with Colliers’ global platform to better meet our clients’ needs.”

Founded in 2001, Vision advises clients in the UK and across EMEA and has managed more than 100 assets.

Colliers’ chief executive Tony Horrell said: “Vision is well regarded by investors, owners and funders looking to increase investment performance in the hospitality sector. These market leading professionals will enhance our existing team of hotels experts; as well as complement our investment property asset management service.

“The addition of asset management brings a new dimension to the hotel and hospitality services that we provide to our clients across the country.”