Europe Hotel Transactions Bulletin - Week Ending 13 September 2019 (September 14, 2019)

Ferré Hotels set to acquire 12-hotel portfolio in France from LFPI Group 

Alliance Hospitality, which includes twelve hotels operated under franchises with major hotel companies such as Accor, IHG, Louvre Hotels and Best Western, is reportedly set to be acquired by the Ferré Hotel Group. The seller is French hotel owner and operator LFPI Group, which continue to manage a total of 1,911 rooms. Eleven hotels are in Paris, Ile-de-France region or in metropolitan areas while one is located in Pornic on the French west coast around 50km west from Nantes. The deal is subject to the Competition Authority’s approval.

Starwood sells De Vere hotel near Milton Keynes, UK, to Ziz Hospitality 

Starwood Capital has sold the 185-room De Vere Horwood Estate hotel, located in a rural setting near Milton Keynes, some 90km northwest of London, to Ziz Hospitality, for a reported price of £15.5 million (£83,800 per room). Ziz Hospitality was founded this year by Karim Kassam, a director of UK group Crimson Hotels.

Accor HotelInvest buys two Accor-branded hotels in London from Commerz Real 

Special purpose vehicle Accor HotelInvest UK is acquiring two Accor-branded hotels on Blackfriars Road, London, from German investor Commerz Real. The four-star Novotel Blackfriars and the two-star Ibis Blackfriars comprise 182 rooms and 297 rooms, respectively, and have been operated by Accor since they opened in 2012. Commerz entered into agreements to acquire the double-hotel development from developers McAleer & Rushe in 2010 for its Hausinvest real estate fund.

Midstar acquires Marienlyst Strandhotel in Helsingør, Denmark 

Swedish asset manager and hotel investor Midstar AB has acquired the Marienlyst Strandhotel in Helsingør, 50km north of Copenhagen, for an undisclosed amount. Midstar bought Artha Asset Management’s 49.9% stake as well as private investor Borris Nielsen’s share in the hotel. ESS Group will take over management of the hotel.

Red Carnation acquires boutique hotel development in Dublin 

Family-owned hotel group Red Carnation Hotels has acquired the former student’s residence hall – Hatch Hall – in Dublin, which is currently being redeveloped into a luxury boutique hotel, from East Coast Catering Ireland for more than €20 million, according to reports. The property was in East Coast Catering’s possession from 2011, when Hatch Hall was acquired for €6 million.


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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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