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Nova Hotel Amsterdam – Image Credit Nova Hotel Amsterdam
A summary of European hotel transactions provided by HVS
Percassi acquires Hotel NH Orio al Serio in Italy from Commerz Real
Italian real estate firm Percassi Group has acquired the four-star, 118-room Hotel NH Orio al Serio in Bergamo, Italy from Commerz Real, the real estate and asset management arm of Germany’s Commerzbank. The property is situated next to Milan Bergamo Airport, around 50 kms from Milan and 4 kms from the historic centre of Bergamo. The hotel includes a restaurant, two bars and seven meeting rooms. The deal forms part of a wider transaction involving the adjacent Orio Center – Italy’s largest shopping mall – which Percassi is acquiring in a joint venture with Generali Real Estate, the property investment arm of Italian insurer Generali Group, for approximately €470 million, also from Commerz Real.
B.K.A. Group acquires Nova Hotel Amsterdam
Dutch family-owned hotel operator B.K.A. Group has acquired the three-star, 67-room Nova Hotel Amsterdam in the Netherlands. The property is situated in central Amsterdam, just a five-minute walk from Dam Square and the Royal Palace. The hotel comprises five inter-connected warehouses from the 17th century and includes a breakfast restaurant. B.K.A. Group has operated the hotel for the past 30 years. Following the acquisition, they plan to invest in the property and its sustainability initiatives.
Extendam acquires Vice Versa Hotel in Paris, France
French private equity firm Extendam has acquired the four-star, 37-room Vice Versa Hotel in Paris, France. The property is situated in Paris’s 15th district by the Paris Expo Porte de Versailles exhibition centre. Having opened in 2012, the hotel includes a breakfast restaurant and private hammam. Following the acquisition, Extendam plans to reposition the hotel as a premium boutique property through light FF&E upgrades, building on recent structural improvements including new windows and a new elevator.
MIB acquires Hotel Royal International in Leipzig, Germany
German real estate investment and development company MIB AG Immobilien und Beteiligungen has acquired the four-star, 117-room Hotel Royal International in Leipzig, Germany. The hotel is situated in central Leipzig by the main train station and includes a breakfast restaurant, bar and meeting room. The building, which spans approximately 4,360 sqm, also comprises several retail units, a restaurant, office spaces and residential apartments. MIB plans to renovate the property in the coming months.
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