Europe Hotel Transactions Bulletin - Week Ending 08 January 2021 (January 8, 2021)

ASG acquires Nobu Hotel Barcelona from Selenta Group 

Real estate fund manager Activum SG (ASG) has acquired the 259-room Nobu Hotel Barcelona from Catalan owner operator Selenta Group for a reported €80 million (€309,000 per room).  The 23-storey hotel, which is located adjacent to Barcelona´s main railway station, Barcelona-Sants, reopened in September 2019 following its conversion from the former Gran Hotel Torre Catalunya. Developed by the seller, the property includes a signature Nobu restaurant on the top floor, plus more than 800 sqm of conference space.  The acquisition represents ASG´s further investment into the Spanish lifestyle hotel market, which includes its Hard Rock hotel projects in Barcelona and Madrid.

Fastighets AB Balder buys 50% stake in Clarion Karlatornet in Gothenburg, Sweden 

Swedish property investor Fastighets AB Balder has acquired a 50% stake in the company currently developing the Clarion Hotel Karlatornet in Gothenburg, Sweden, from local developer Ola Serneke. The hotel is part of a mixed-use development, which includes the Nordic region´s tallest skyscraper at 73 floors, with the entire development comprising approximately 600 apartments, the 300-room Clarion Hotel and 8,000 sqm of office space. While construction has already begun, after the withdrawal of Serneke´s previous partner Oaktree Capital in March last year, the construction has stalled. With Balder now onboard, construction is set to recommence, with a planned opening date for the hotel in 2023.

Union Investment acquires the Ruby Luna hotel in Düsseldorf, Germany 

German fund manager Union Investment has acquired the 215-room Ruby Luna hotel in Düsseldorf, as part of a €400 million mixed-use portfolio which contains a total of six properties in Düsseldorf and Berlin.  The seller was a joint venture between a number of pension funds and Hines. The portfolio has been acquired for a newly launched fund by Union Investment focusing on prime core assets. Out of the six properties, three are under development, including the Ruby Luna which is set to open in 2021.

Maritim Hotel Kaiserhof in Usedom, Germany sold to the Friedmann Kunz Family Foundation 

Located in the German Baltic resort town of Usedom, the Maritim Hotel Kaiserhof has been sold to the Friedmann Kunz Family Foundation from local architect Gerd Seele. The 143-room hotel was developed by Seele, and was operated by Maritim since its opening and will now be managed by German operator Arcona Hotels & Resorts under a 20-year lease agreement, with the hotel being renamed to Hotel Kaiserhof Usedom.

Arena Hospitality acquires the 88 Rooms Hotel in Belgrade, Serbia 

Croatian hotel owner operator Arena Hospitality Group, a subsidiary of the PPHE Hotel Group, has acquired the 88 Rooms Hotel in Belgrade, Serbia from local conglomerate MK Group for a reported €5.9 million (€67,000 per room).  Built in 2014 , the property is located in the centre of Belgrade and includes a rooftop restaurant, lobby bar and meeting space for up to 250 people. Post acquisition the hotel is set to be operated by Arena Hospitality.


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