Avignon Capital, a European real estate investment and asset management firm, has acquired the 195-room Hilton Hotel located in The Hague, Netherlands, for €70.25 million (€360,000 per room), from Hillgate Development and the Bon Groep. The property will continue to be managed by Hilton Worldwide under a management contract. The transaction represents Avignon’s fourth hotel acquisition in the Netherlands and follows their 2017 acquisition of the Hyatt Place Amsterdam Airport, which they also acquired from Hillgate.
|
|
US-based real estate investment firm Hines is acquiring the Cyan Group of Hotels in Greece, from the Kefalogianni family, for €61 million (€88,000 per room). The portfolio includes the 320-room Apollonia Resort & Spa, the 209-room Santa Marina Beach Hotel and the 161-room Sitia Beach City Resort & Spa, all of which are located on the island of Crete. Post-acquisition, the hotels are planned to undergo a €30 million renovation programme.
|
|
North American Private equity group, the Blackstone Group, along with its Nordic joint venture partner Areim, have sold the Hotel Scandic CH, some 180 km north of Stockholm in Gävle, Sweden. The buyer of the 186-room property is local hotel investor Västerkulla Hotell, owner of 17 further hotel properties in regional Sweden. The property, which underwent a renovation in 2019, will continue to be managed by Scandic hotels under a long-term lease agreement.
|
|
UK private investors the Reuben Brothers have acquired the 72-room La Palma Hotel on the island of Capri, Italy. The hotel was part of a larger acquisition of RBD Armatori (formerly owned by the Rizzo and De Carlini families), a bankrupt Italian shipping group which also owned the La Palma Hotel and whose debt was owned by US private equity firm KKR. Opened in 1822, the property is Capri’s oldest hotel, and also includes the La Taverna Anema e Core nightclub. Joining the Reuben Brothers’ recent acquisitions in Rome, Mykonos and Ibiza, under new ownership the hotel is set to undergo a full refurbishment.
|
|
German hotel investor Art-Invest Real Estate is acquiring the Hotel Hanseatischen Hof in Lübeck, Germany. The 196-room four-star hotel, located near the city’s main train station, is to be refurbished and repositioned under its new ownership. Operated by its former owners until the sale, the property includes 18 meeting rooms including one of Lübeck’s largest event halls, a 2,300 sqm wellness area, as well as three restaurants.
|
|
Germany’s largest public service group, Bayerische Versorgungskammer (BVK), is forward-purchasing the Niu Yen Hamburg, Germany, from German hotel developer GBI AG and its Hamburg-based investment company Nord Project Immobilien. The future 347-room lifestyle hotel, due to open in 2022, will be managed by Novum Hotels under a long-term lease agreement.
|
|
The 50-room Carmelite Hotel in Aberdeen has been sold out of administration to Concordia Hospitality. The sale of the boutique property has been forced after significant trading difficulties following the decrease in business travellers to the city primarily related to the oil and gas industry, and comes just a few days after the appointment of the property’s administrators, Leonard Curtis Business Rescue & Recovery.
|
|
Indian owner operator MGM Muthu Hotels has acquired the Erskine Bridge Hotel & Spa near Glasgow, Scotland from Cosmopolitan Hotels. The hotel, which opened in 1971, comprises 177 guest rooms, a restaurant, meeting rooms for up to 500 guests as well as a swimming pool and spa area. With this latest acquisition, MGM Muthu Hotels now owns eight hotel properties in Scotland, with additional properties in France, Spain, Portugal, Cuba and India.
|
|
For the latest in the hospitality industry, please visit: http://www.hvs.com/. You are also welcome to contact the following personnel. |
|
|
|
|
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.
|
|
Superior Results through Unrivaled Hospitality Intelligence. Everywhere.
|
|
|
Stay current. Click here to receive free HVS newsletters
Looking for insights into the hospitality industry?
Discover unique hospitality intelligence at hvs.com/publications
Interested in a particular market?
Find hundreds of market overviews, all written by HVS experts, at hvs.com/marketresearch
Like to be in the know on hotel trends and predictions?
See our Hotel Valuation Index for dozens of cities at hvi.hvs.com
|
|
|
|
|
|
|
Copyrights © 2020 All Rights Reserved by HVS
Privacy Policy
Sent By: Tanya Lees
HVS | Office Manager
7-10 Chandos Street, Cavendish Square | London, W1G 9DQ
|
|
|
|
|