HVS Europe Hotel Transactions Bulletin Week Ending 20 January 2023

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flights Htel California in Paris - Lobby
Tikehau obtains Htel California in Paris from DigitalBridge

A summary of European hotel deals offered by HVS

Tikehau obtains Hôtel California in Paris from DigitalBridge

French possession supervisor Tikehau Capital has actually gotten the four-star 172-room Hôtel California in Paris for a reported EUR125 million (EUR727,000 per space) from financial investment company DigitalBridge, formerly referred to as Colony Capital. The hotel is well-situated in the 8th arrondissement of Paris, near the Arc de Triomphe and the Triangle d'Or shopping location. The home initially began the marketplace for EUR160 million in February 2021. The hotel has actually been closed because the start of Covid and is anticipated to be remodelled. Nest took control of the home in 2017 through a restructuring of French hotel group Marantha.

Stoneweg and Bain obtain 2 Be Live hotels in Spain from Globalia

Stoneweg Hospitality, a JV in between Stoneweg and Bain Capital, has actually gotten 2 Be Live hotels in Spain, the first-class 184-room Be Live Collection Palace de Muro in Mallorca and the four-star 226-room Be Live Experience La Niña in Tenerife, for a reported cost of EUR83 million (EUR202,000 per space). The seller was the tourist group and owner of the Air Europa airline company, Globalia, which is backed by the Hidalgo household. Hyatt is because of run both residential or commercial properties, and the brand-new owners are anticipated to invest EUR33 million on rearranging the homes. Be Live Hotels presently have 29 hotels in their portfolio throughout Spain, Portugal, Morocco, Colombia, Cuba and the Dominican Republic. This newest purchase by the Stoneweg Hospitality JV follows their 2022 acquisitions of the 168-room Hotel Don Carlos in Ibiza, the 178-room Hotel Los Monteros Spa & & Golf Resort in Marbella and in 2021, the 400-room Andalucía Plaza hotel complex in Marbella.

Colossal Panoply gets the previous Luna Alvor Bay in the Algarve, Portugal

Lisbon-based hotel advancement company Colossal Panoply has actually invested a reported EUR24 million (EUR161,000 per space) on the acquisition and prepared remodelling of the previous three-star aparthotel Luna Alvor Bay in Portugal's Algarve area. Found beside the beach outside the resort town of Alvor, the home is set up to re-open in July 2024 as the 149-room Wyndham Residences Alvor Bay Hotel. Portuguese hotel operator PG Hotels & & Resorts is allocated to handle the hotel under a franchise contract with Wyndham.

Alchemy and Step acquire remains by pals Bochum in Germany from Anter

Dusseldorf-based Anter Group has actually offered the three-star 177-room stays by pals Bochum in Germany to a JV in between Alchemy Partners and Step Partners through their hotel mutual fund ASHG, for a concealed cost. Bochum lies near Dortmund, some 50 kms north-east of Dusseldorf. The hotel is because of be rearranged and opened under a brand-new hotel name and operator. In 2020, Anter Group obtained the home as part of a three-hotel portfolio in Bochum and Gelsenkirchen. The hotels were the previous Renaissance Hotel (now presently the stays by good friends Bochum), the previous Courtyard by Marriott at Bochum Stadtpark and the previous Courtyard by Marriott Gelsenkirchen.
About HVS

HVS is the world's leading consulting and evaluation services company concentrated on the hotel, dining establishment, shared ownership, video gaming, and leisure markets. Developed in 1980, the business carries out more than 4,500 projects each year for essentially every significant market individual. HVS principals are considered the leading specialists in their particular areas of the world. Through an around the world network of over 50 workplaces staffed by 300 skilled market experts, HVS supplies an exceptional series of complementary services for the hospitality market. For additional details concerning our know-how and specifics about our services, please see www.hvs.com.


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