Archer acquires two Hoxton hotels in London from Norlake Hospitality

European hotel investment vehicle Archer Hotel Capital has completed its acquisition of two Hoxton hotels in London, the 210-room Hoxton Shoreditch and the 220-room Hoxton Holborn, for a reported price of approximately £215 million (£500,000 per room). The seller was Norlake Hospitality, owned by Bhatia Enterprises and Ennismore founder Sharan Pasricha. Both hotels will continue to be managed by Ennismore. Archer, jointly owned by APG Asset Management and GIC, owns 11 hotels in Europe totalling around 4,000 rooms, with a gross asset value of some €2.5 billion. The Hoxton acquisitions come almost exactly a year after Archer sold The Dilly hotel in London to Fattal Group, with this new transaction therefore marking Archer’s quick return to the United Kingdom.

Statuto to acquire Mandarin Oriental Paris from MOHG

Mandarin Oriental Hotel Group has entered into an agreement to sell the 135-room Mandarin Oriental Paris to Italian real estate investment firm Gruppo Statuto for €205 million (€1.5 million per room). The transaction is expected to be finalised by the end of March, subject to completion of a consultation process with the hotel’s Works Council. Located in one of Paris’s most desirable locations on Saint Honoré in the first arrondissement of the French capital, between the Jardin des Tuileries and Place Vendome, the luxury hotel is expected to undergo a new €50 million renovation, after first opening in 2011. Mandarin Oriental will retain a 50-year management agreement to operate and brand the hotel. Gruppo Statuto owns a portfolio of some of Italy’s most luxurious hotels, including the Mandarin Oriental Milan, the Four Seasons Milan, the Four Seasons San Domenico Palace in Taormina, the Hotel Danieli in Venice (to reopen next year as a Four Seasons) and the Six Senses Rome.

NH Hotel Group acquires five hotels in Portugal from Minor Hotels

Spanish hotel company NH Hotel Group has acquired a portfolio of five hotels across Portugal, totalling 974 rooms, from Thai parent company Minor Hotels, for a total consideration of €133.2 million (€137,000 per room). The assets include the Anantara Vilamoura Algarve Resort (260 rooms), Tivoli Lagos Algarve Resort (296 rooms), NH Sintra (77 rooms), NH Marina Portimão (196 rooms) and Tivoli The Residences at Victoria (145 rooms). Minor Hotels owns 95.9% of the shares in NH and this transaction will be funded without external financing. NH’s footprint comprises over 350 hotels across 30 countries globally, totalling approximately 55,500 rooms.

Corum AM acquires two hotels in Warsaw, Poland, from Ghelamco

European real estate investor and developer Ghelamco has sold the four-star, 212-room Crowne Plaza and the three-star, 218-room Holiday Inn Express in The Warsaw Hub complex in Poland’s capital city to the Corum XL fund, managed by French group Corum Asset Management. The transaction price was not disclosed. The Warsaw Hub complex consists of two office buildings, one hotel tower (housing both hotels) and a service building, connected by an underground shopping arcade and a parking deck. The office part of the complex was sold to Google in 2022. The hotels, which span some 21,000 sqm, will continue to be operated by IHG Hotels & Resorts. As of June 2023, the Corum XL fund had real estate assets of some €1.8 billion, and Poland was its second largest geographical sector behind the United Kingdom, at 21% and 54% respectively.

Silicius sells FERGUS Conil Park hotel in Cadiz, Spain

Spanish REIT Silicius Real Estate Socimi has sold the four-star, 183-room FERGUS Conil Park hotel in Cadiz, Spain, to an undisclosed buyer. The transaction totalled €41.9 million, and included a 2,200 sqm office building in Madrid. The 12,500 sqm hotel is located on the beachfront of Conil de la Frontera in southern Spain, about a 1.5 hour drive south of Seville. The sale has been undertaken as part of an asset rotation plan being carried out by Silicius since early 2023. The plan targets its properties with high debt amortisation costs. The sale of these two properties has achieved to amortise €25 million of the company’s debt.

EPH acquires Hotel des Trois Couronnes in Vevey, Switzerland

Investment company EPH European Property Holdings has acquired the five-star, 71-room Hotel des Trois Couronnes in Vevey, Switzerland, from an undisclosed seller and for an undisclosed price. The 16,000 sqm property includes two restaurants, a bar, sauna area and meeting room facilities. EPH has been aiming to acquire a value-add property with redevelopment potential, which this historic building from 1842 presents. EPH is an investment company listed on the SIX Swiss Stock Exchange, with a €900 million portfolio made up of approximately nine core assets across the DACH region's major cities.

Hunton Hotels acquires Holiday Inn Express Southampton, UK, from Brightbay

UK-based family office Hunton Hotels has acquired the three-star, 182-room Holiday Inn Express on the M27 motorway in Southampton, UK, from REIT Brightbay Real Estate Partners, for an undisclosed amount. The property includes two meeting rooms, a restaurant, bar and a 160-space parking lot. This transaction marks the family office’s third acquisition, following the Cosmopolitan Hotel in Leeds and the Holiday Inn in Nottingham. Brightbay invests in Industrial, hospitality and office real estate, with a current portfolio of 16 hotels, primarily concentrated in southern UK.

Atom sells AC Ciudad de Sevilla hotel in Spain

Spanish REIT Atom Hoteles Socimi has sold the four-star, 107-room AC Hotel by Marriott Ciudad de Sevilla in Spain to an undisclosed family office for €7.5 million (€70,000 per room). The asset was subject to a syndicated mortgage loan of nominal €211.5 million. The hotel will continue to be operated under Marriott International’s AC Hotels brand. The hotel is located in the city centre of Seville, a mile south from the Maria Luisa park and its Plaza de España landmark. This divestment comes amidst an asset rotation plan by the group, which presently owns 26 hotels comprising 6,568 rooms across Europe, making it the second largest hotel owner in Spain. Its assets reportedly total some €800 million in value.

Dutco Group acquires the Mar Hall Resort in Scotland

Dubai-based Dutco Group has acquired the five-star, 65-room Mar Hall Hotel, Golf & Spa Resort in Scotland out of administration, for an undisclosed amount. The property, situated by the River Clyde, is located some 20 km north-west of Glasgow and just a ten-minute drive from Glasgow’s airport. The asset features two luxury lodges, an 18-hole golf course, two restaurants, spa facilities and conference facilities. This acquisition marks the Dutco Group's first in Scotland, and the group plans to invest £15 million to refurbish and extend the property, with construction work expected to begin early this year. Dutco operates in various fields such as real estate investment and development, oil and gas, logistics and hospitality. The latter includes hotel properties in Dubai, the Maldives and the Seychelles.

Thon Property acquires Hotel Terminus Stockholm in Sweden

Norwegian real estate investment company Olav Thon Group has acquired the four-star, 155-room Hotel Terminus Stockholm in Sweden through its division Thon Property from an undisclosed seller, for an undisclosed price. The property is in close proximity to Stockholm Central Station. It was built in the 19th century and spans over seven floors with a total surface of 5,400 sqm. The hotel is expected to be renovated throughout 2024 and is set to reopen in the spring of 2025. The Olav Thon Group is involved in the property and hospitality businesses, owning 90 shopping centres and 500 commercial properties throughout Norway. Its hotel chain, Thon Hotels, is the country’s third largest, with some 90 properties distributed across Norway, Sweden, Denmark, Brussels and Rotterdam. 

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