B&B Hotels acquires five Pentahotels in the UK from Aroundtown SA

French economy hotel chain B&B Hotels has acquired five Pentahotels in the UK totalling 562 rooms from German real estate company Aroundtown SA. The hotels in question are the 103-room Pentahotel Warrington, 112-room Pentahotel Derby, 131-room Pentahotel Birmingham, 126-room Pentahotel Ipswich and the 90-room Pentahotel Inverness. All properties are set to undergo “light refurbishment” and be rebranded under the B&B brand, remaining open throughout. This acquisition will bring the French chain’s portfolio to six properties in the UK, following the 119-room Colnbrook Hotel at Heathrow Airport for which it signed a 30-year operating lease earlier this year and renamed as the B&B Hotel London Heathrow. The group aims to open some 100 properties across the UK by 2035. The latest purchase also comes amidst reports that B&B’s owner Goldman Sachs has been exploring a sale of the group.

somnOO acquires three hotels in Germany from Extendam and partners

French hotel owner operator somnOO has acquired a portfolio of three four-star Mercure hotels, totalling 458 rooms, in North-Rhine Westphalia, Germany, from French private equity firm Extendam, asset manager 123 IM and co-investors. Prior to the acquisition, somnOO was already the operating partner of, and a co-investor in, the properties, which were acquired in 2018 and comprise the 146-room Mercure Hotel Hagen, 142-room Mercure Hotel Hamm and the 170-room Mercure Hotel Ludenscheid. SomnOO has a portfolio of 61 hotels across France and Germany, with approximately 82% of revenues being generated in France. The operator has a majority share in 13 of the 61 hotels, and a minority share in the rest. 

Catalonia Hotels & Resorts acquires two hotels in Spain from HIP

Spanish hotel chain Catalonia Hotels & Resorts has acquired the four-star, 105-room Vincci Malaga and the three-star, 70-room Hotel Ramblas Barcelona in Spain from Blackstone and GIC-backed southern European-focused hotel investment platform Hotel Investment Partners (HIP). The Vincci Malaga, located to the south of the city, 100 metres from the beach and 10 minutes’ drive from Malaga-Costa del Sol Airport, is expected to be rebranded as Catalonia Malaga, whilst the city-centre Hotel Ramblas Barcelona is set to be renamed as the Catalonia La Boqueria. Catalonia was founded in the 1980’s, and its portfolio has grown to reach some 75 establishments across 20 destinations in Spain.

Fabra Luengo family acquires Rafaelhoteles Atocha hotel in Madrid

Spain’s Fabra Luengo family, through its holding company Bancale, has acquired the four-star, 245-room Rafaelhoteles Atocha in Madrid, Spain, for approximately €80 million (€327,000 per room). It is expected that another circa €10 million will be invested in the refurbishment of the hotel, bringing the total investment to €90 million (€367,000 per room). The property, centrally located in the art district and close to the city’s main train station, includes 110 parking spaces, a restaurant and some 1,000 sqm of event space. A sale process was launched by the group’s bankruptcy administrator in April 2024. The asset used to be part of a portfolio owned by Spanish real estate company Reyal Urbis, which filed for bankruptcy in 2013 after failing to renegotiate €3.6 billion of debt with creditors.

Financiere M.P. Landowski acquires Maison Breguet from Fonciere Concorde

French holding company Financiere M.P. Landowski has acquired the five-star, 50-room Maison Breguet hotel in Paris, France, from Fonciere Concorde, a joint venture between French real estate investors Groupe Terrot and Galia, for approximately €46 million (€920,000 per room) in a share deal just ahead of the Paris Olympics. Located in the 11th arrondissement of the capital near the Place de la Bastille, Maison Breguet includes an open-kitchen restaurant, cocktail bar and wine room. The property was acquired by Fonciere Concorde in 2013, and had since been managed by Paris-based operator Terlia. In 2023, the hotel reportedly generated some €5.4 million in room revenue.

Eurostars acquires Hotel Talaso Louxo La Toja in Spain

Spanish hotel chain Eurostars Hotel Company, fully owned by the Hotusa Group, has acquired the four-star, 116-room Hotel Talaso Louxo La Toja on the island of La Toja in Galicia, north-west Spain. Following its acquisition, the hotel has been rebranded under the name Eurostars Louxo Talaso. This will bring the chain’s presence on the island to three hotels (the other two being the four-star Eurostars Isla de La Toja and the five-star Eurostars Gran Hotel La Toja) and its Galician portfolio to 24 hotels. The coastal property, with direct beach access, includes a wellness centre with both indoor and outdoor swimming pools, Turkish baths and treatment rooms, a gym and parking facilities. Eurostars’ portfolio comprises some 260 properties in 19 countries, and its parent company Hotusa is Spain’s largest hotel company by number of properties.

REAM SGR acquires Algila Ortigia Charme Hotel in Sicily from Algila Srl

Italian real estate asset management firm REAM SGR, through its Geras 2 fund, has acquired the four-star, 54-room Algila Ortigia Charme Hotel on the island of Ortigia that adjoins the city of Syracuse on the south-east coast of Sicily in Italy. The seller was Algila Srl. The property, which spans 3,100 sqm across two buildings, was acquired via a sell and leaseback operation between Algila and the fund, with Algila entering into a long-term lease agreement for the hotel. The liquidity generated by Algila via this deal is set to fund its expansion into southern Italy, a piece of which is the renovation of a hotel in Palermo. The Geras 2 fund was launched in 2018 with a duration of 17 years, and targets investments in healthcare, social assistance and tourist accommodation.

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

Related