French firm Experimental Group has acquired the five-star, 43-room Sinner Paris in France, from Zaka Investment, the family office of French investor Pierre Bastid, and its hotel arm, Evok Collection. The reported price was €53 million (€1.2 million per room). Sinner Paris is located on the Right Bank in the fashionable Marais district, some 15-minutes walk from the Seine and Notre-Dame Cathedral. The sale aligns with Evok Collection’s strategy to focus on its luxury Nolinski and Brach hotel brands, which aims to expand globally. Founded in 2007, Experimental Group started off as a Paris cocktail club and developed into a portfolio of 11 hotels.

 

Art-Invest acquires Courtyard Vienna Prater/Messe from Deka Immobilien

German real estate investment manager Art-Invest Real Estate has acquired the four-star, 251-room Courtyard Vienna Prater/Messe in Austria, from German REIT Deka Immobilien. The hotel opened in 2008 and is part of the ‘Viertel Zwei’, an urban development situated in the 2nd district by the Messe Vienna conference centre and the Vienna Prater amusement park. Art-Invest acquired the hotel for its core budget hotel fund, marking the fund's first investment in the Austrian market. The property is leased on a long-term basis to a subsidiary of the Borealis Hotel Group. This transaction follows Art-Invest's acquisition of four B&B Hotels in Germany from Covivio last week, as reported in this newsletter.

 

Extendam and partners acquire Hotel Mercure Lyon Centre Lumière from AccorInvest

French investors Extendam, Bpifrance and Financière Sisters, along with French operating partner Sohoma, have acquired the four-star, 78-room Hotel Mercure Lyon Centre Lumière in Lyon, France. The hotel is located in the 3rd district of Lyon, some 2 kms from the Lyon Part-Dieu main train station and 3 kms from Lyon’s historic centre. Sohoma will operate the property under the Mercure brand. The hotel will form part of the Invest Hôtel Meyzieu (IHM) portfolio, in which Extendam funds have held a majority stake since June 2021. This acquisition brings the IHM portfolio to a total of 19 hotels, 13 of which are situated in Lyon.

 

A consortium of Dutch investors has entered an agreement to acquire the former four-star, 243-room NH Berlin Potsdam Conference Center Kleinmachnow in Kleinmachnow, Germany, from German investors Sector Seven and Ffire Immobilienverwaltung AG, for conversion into retirement living. The property is situated some 25 kms south-west of the centre of Berlin and 15 kms outside of Potsdam. The hotel has been closed since summer 2020 and will now be converted into an upscale living concept for seniors, which includes a variety of wellness, health and catering facilities. Retirement home operator Schönes Leben Gruppe will rent and operate the property.