Europe Hotel Transactions Bulletin - Week Ending 31 January 2020 (February 1, 2020)

Principal acquires Ona Hotel Terra in Barcelona 

UK-based Principal Real Estate Europe, on behalf of its Principal Hotel Real Estate Fund II (Hotelfund II), has acquired, following a forward purchase agreement, the Ona Hotel Terra in Barcelona from a local real estate developer for €40.5 million (€266,400 per room). The 152-room hotel opened earlier this month and is operated by Spanish group Ona Hotels under a long-term lease agreement.

Atom Hoteles acquires the Hotel Collection Avenue Louise in Brussels 

Spanish hotel REIT Atom Hoteles Socimi is acquiring the Hotel Collection Avenue Louise in the Belgian capital Brussels for €8.4 million (€105,000 per room). The 80-room four-star hotel will be refurbished and repositioned post-acquisition. The purchaser has signed a new long-term lease agreement with Dutch operator Hotel Collection International.

Commerz Real acquires site to build Zleep Hotel in Madrid 

Commerzbank’s real estate arm Commerz Real, through its Luxembourg-based company CR Fund Management S.à r.l., has acquired a vacant office building near Madrid Barajas International Airport to convert into a two-star Zleep Hotel. The 280-room budget hotel is due for completion in 2021 and will be managed by a subsidiary of Steigenberger Hotels AG, part of the Deutsche Hospitality group, which itself was recently acquired by Huazhu Hotel Group of China. HVS was pleased to have advised Huazhu on its Deutsche Hospitality acquisition.

BVK acquiring Hampton Kiel in Germany from Revitalis and Dereco 

Germany’s largest public service group, Bayerische Versorgungskammer (BVK), is forward-purchasing the Hampton by Hilton Kiel, Germany, from a joint venture between Hamburg-based investor and developer Revitalis Real Estate AG and Cologne-based multi-family office Dereco. The future 208-room upper midscale hotel is located some 100 kilometres north of Hamburg and will be managed by Gorgeous Smiling Hotels GmbH’s subsidiary GS Star GmbH.

Balder buys the Scandic Hotel Linköping, Sweden, from City Finansiering 

Swedish real estate investment firm Balder Fastighets AB is purchasing the 227-room Scandic Hotel Linköping City in Linköping, approximately 200 kilometres southwest of Stockholm, from Norwegian real estate investor and manager City Finansiering. Balder owns some 50 hotel properties across the Nordics, mainly in Sweden, as well as in Germany.

Black Swan Hotel in Helmsley, UK, sold to The Inn Collection Group 

The Inn Collection Group has acquired the historic 45-room Black Swan Hotel in Helmsley in the county of York, bringing the purchaser’s portfolio to 13 properties. The 45-room Inn is set to continue trading before undergoing a major redevelopment. This transaction marks the group’s second investment this month following its acquisition of The Pheasant in Bassenthwaite Lake, Cumbria, two weeks ago.

Dr. Peters Group acquires GHOTEL in Bochum, Germany, for public fund 

Dortmund-based real estate investment specialist Dr. Peters Group is acquiring the new-built GHOTEL Hotel & Living Bochum in Bochum, Germany, for a mixed-risk public fund. The 162-room three-star hotel, situated 31 kilometres west of Dortmund, was completed in August 2019. The GHOTEL Group, currently operating 21 hotels in Germany and Austria, has signed a 20-year lease agreement.


For the latest in the hospitality industry, please visit: You are also welcome to contact the following personnel.
Russell Kett, Chairman – HVS London [email protected]
Charles Human, CEO – HVS London/HVS Hodges Ward Elliott [email protected]
Chris Martin, Senior Director – HVS Hodges Ward Elliott [email protected]
Sophie Perret, Senior Director – HVS London [email protected]
Arlett Hoff, Director – HVS London [email protected]
Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific [email protected]
Demetris Spanos, Managing Director – HVS Athens [email protected]
Ezio Poinelli, Director – HVS Milan [email protected]


Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS London.

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