Max Thorne – MRP Group

Max Thorne

With over 25 years of experience in the industry Max identified a gap in the sector and created The MRP Group in 2013 to provide solutions & advisory to the Serviced Apartments and Aparthotels sector.

Max started his life in Serviced Apartments in 1993, having previously worked in the property industry since 1986.
Max sold the first business he was involved with, London Life, in 1998 to BridgeStreet Serviced Apartments and then continued as part of the executive leadership team to run the business for 15 years, until it was sold again in 2012 to Versa Capital. During this time he acquired the BridgeStreet Paris office, signed over 30 towers for lease and management in the UK, Europe, Asia and GCC. Max then left BridgeStreet in 2012.
In 2012 he joined Oaktree Capital Management as CEO for their platform and deployed £300m GDV into the European markets. After 3 years of acquisition and development, Max led the acquisition SACO Operating company for Oaktree Capital Management and  combined their business with the £300m of properties that had been acquired. Max then left Oaktree, whilst still retaining an investment in the business.
In 2016, he joined JLL to form their serviced apartment department, afer a very successful 2.5 years and completing the Saco Brookfield Transaction, Max left to focus on the MRP Group.
In 2017, acting for Skyline, The MRP Group prepared Skyline Serviced Apartments for an exit which subsequently was acquired by Q Apartments from Copenhagen.
In 2017, whilst acting for a Private Equity Fund, he was part of the advisory team that acquired the Short Stay Group & YAYS Serviced Apartments.
In January 2018, whilst at JLL, he lead the team as the Senior Advisor and acquired Oaktree’s SACO operating platform and property company for Brookfield Asset Management. This is the largest ever Serviced Apartment transaction in Europe.
Across the country the MRP Group has acquired for various funds and investors over two billion pounds worth of assets, from Aberdeen to Brighton and London to Dublin.
The MRP Group has also been responsible for achieving some of the highest recorded rents per room/key, across the country, some of the more notable being; Scotland @ £17,500 a key and London in excess of £30,000 a key per annum.