British owner-operator Whitbread has completed the sale and leaseback of the three-star, 90-room Premier Inn Oxford City Centre (Westgate) hotel in Oxford, UK, and the three-star, 137-room hub by Premier Inn London Westminster, St James's Park hotel in London, to clients of CBRE Investment Management, for a combined £56 million (£246,700 per room). Both hotels are centrally located, with one near the Westgate Shopping Mall in Oxford and the other just a three-minute walk from Westminster Abbey. The two hotels reportedly delivered a net initial yield of 4.25%, with both being subject to a 30-year lease term with CPI reviews every five years, capped between 0% and 4%. Whitbread owns 56% of its portfolio in the UK.

 

Strabag acquires Moxy Cologne Mülheim from Art-Invest and OSMAB

Strabag Hold Estate, the Austrian real estate investment arm of the construction company Strabag SE, has acquired the 222-room Moxy Cologne Mülheim in Cologne, Germany, from the developers of the hotel, German investment manager Art-Invest Real Estate and German asset manager OSMAB Holding AG. The property, which opened in 2022, is situated in I/D Cologne, a new 160,000 sqm mixed-use project currently being developed on the former site of Cologne's Mülheim freight station. The hotel is currently being operated by the Chocolate on the Pillow Group under a 20-year lease agreement. This transaction is Strabag Hold Estate's first acquisition since its founding in 2023.

 

Harrison family acquires Hellaby Hall Hotel in Rotherham, UK, from Lavin family

The Harrison hotelier family has acquired the four-star, 89-room Hellaby Hall Hotel in Rotherham, UK, from the Lavin family off a guide price of £8 million (£89,900 per room). The property is situated near Maltby in South Yorkshire, some 21 kms north-east of Sheffield. Set within a 17th-century manor house, the full-service hotel includes a spa and conference facilities. The new owners plan to enhance the hotel’s offering through further investments.