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ActivumSG acquires Fairmont La Hacienda Costa del Sol in Spain from Millenium – Image Credit Accor
A summary of European hotel transactions provided by HVS
ActivumSG acquires Fairmont La Hacienda Costa del Sol in Spain from Millenium
European private equity investment manager ActivumSG (ASG) has acquired the five-star, 213-room Fairmont La Hacienda Costa del Sol in San Roque, Spain, from Spanish REIT Millenium Hospitality Real Estate for €170 million (€798,100 per room). Situated on the Andalusian coast, about an hour’s drive south of Malaga and 40 minutes north of Gibraltar, the resort also includes 47 private villas, a spa and wellness area, three restaurants, a bar, and a ballroom. Millenium developed the resort and opened it in February 2025, with ASG-owned Odyssey Hotel Group now operating it.
Landfair and Evientro to acquire Vienna Marriott Hotel from S Immo
Luxembourg-based private equity fund Landfair European Dislocated Opportunities, together with Cyprus-based investment firm Evientro, have entered an agreement to acquire the five-star, 328-room Vienna Marriott Hotel in Austria from Austrian real estate investor S Immo AG for an amount reported to be over €100 million (€304,900 per room). The property is situated on Vienna’s Ringstrasse, directly across from the Stadtpark. The hotel includes two restaurants, two bars and 11 meeting rooms. Marriott operates the hotel under a management contract. The property sale is expected to close in Q2 2025 (pending regulatory approval), with the hotel operation transfer set for January 2026.
LaSalle acquires Ruby Stella Hotel London from RE Capital
American real estate investment manager LaSalle has acquired the three-star, 153-room Ruby Stella Hotel London, UK, from pan‑European private real estate investment firm RE Capital for £48 million (£313,700 per room). The property is situated in central London’s Farringdon district, just a short walk from the British Museum. The purpose-built hotel includes a restaurant, bar, and communal space, and has achieved an ‘Excellent’ BREEAM rating. It opened to guests in November 2024 and is leased to German operator Ruby Group.
Bouwinvest acquires Ruby Hotel Rotterdam from ForumInvest
The Bouwinvest Dutch Institutional Hotel Fund has acquired the future four-star, 231-room Ruby Hotel Rotterdam Glashaven, Netherlands, from Dutch developer ForumInvest. The property is situated in the city’s central Glashavn District, near the Maas River. ForumInvest purchased the former 1950s office building in May 2024 for over €15 million from Dutch property developer Amvest and will carry out an extensive conversion. The hotel has been leased on a long-term basis to German operator Ruby Group and is scheduled to open in the summer of 2026.
Estee Group acquires three hotels in the UK from FS JV License Ltd
British owner-operator Estee Group has acquired a portfolio of three hotels (227 rooms) located in northern England and southern Scotland from hotel owner FS JV License Ltd, off a guide price of £14 million (£61,700 per room). FS JV License Ltd is a vehicle connected with Thai investors Fico Holdings and S Hotels & Resorts, the hospitality arm of Thai property developer Singha Estate. The portfolio comprises the three-star, 71-room Holiday Inn Dumfries by IHG, the three-star, 78-room Holiday Inn Darlington – North A1M, JCT.59 by IHG and the four-star, 78-room Mercure Sheffield Parkway Hotel. All three hotels are situated close to major motorway junctions and include a restaurant and several meeting rooms. With this acquisition, Estee Group has doubled its hotel portfolio.
DTZ Investors acquires Staycity Aparthotel in Edinburgh
London-based real estate investment company DTZ Investors has acquired the four-star, 60-room Staycity Aparthotel, Edinburgh, West End, UK, for £12 million (£200,000 per room). The hotel is situated a short walk from the Edinburgh International Conference Centre and the newly refurbished Haymarket station. It consists of 44 one-bedroom apartments and 16 two-bedroom apartments, as well as a grab and go pantry and 29 car parking spaces. The property is let to Staycity on an index-linked lease expiring in 2037 and produces a net initial yield of 5.9%.
Sofidy acquires AluaSoul Costa Málaga in Spain from Blantyre
SCPI Sofidy Europe Invest, a real estate investment vehicle managed by French real-estate firm Sofidy, has acquired the four-star, 271-room AluaSoul Costa Málaga in Spain, from UK-based asset manager Blantyre Capital. The property is situated in the beachside town of Torremolinos, a 10-minute drive south of Málaga-Costa del Sol Airport and a 20-minute drive south-east of the centre of Malaga. The hotel includes a restaurant, rooftop bar and outdoor pool. The property underwent extensive renovations under Blantyre, and the new owners plan to further invest in the hotel’s facilities. Following the acquisition, the four-star hotel will operate as The Pierre & Vacances Hotel Costa Málaga under a 15-year lease with the French operator Pierre & Vacances.
Mazabi acquires hotel in San Sebastián, Spain
Spanish real estate-focused family office Mazabi has acquired a new 42-room hotel in San Sebastián’s Monte Igueldo in Spain. The property has been recently renovated and converted into a hotel, opening its doors as the Hotel Luze Boutique San Sebastián. The hotel is situated a 10-minute drive from San Sebastián’s city centre and includes a restaurant, bar and infinity pool. Spanish operator Luze Hoteles is operating the hotel under its Luze brand, marking the group’s fourth property. This transaction brings Mazabi’s portfolio to 17 hospitality assets across Spain.
PingProperties acquires Zoku Amsterdam from Aberdeen Standard Life
Dutch real investment company PingProperties, on behalf of its fund PingProperties Trophy Fund II Coöperatief UA, has acquired the Metropool complex in Amsterdam, Netherlands, from UK-based investment firm Aberdeen Standard Life. The 14,500 sqm mixed-use building includes the four-star, 133-room Zoku Amsterdam hotel, as well as office and retail spaces. The complex is part of Amsterdam’s central Knowledge Mile, nearby various cultural hotspots like the city hall (Stopera). The hotel opened in 2016 and is fully leased to the Dutch hotel chain Zoku.
BWH Hotels Central Europe acquires City Hotel Valois in Germany
BWH Hotels Central Europe GmbH, a regional arm of the American BWH Hotel Group, has acquired the four-star, 75-room City Hotel Valois in Wilhelmshaven, Germany. The hotel is located by the North Sea, approximately a one-hour drive north of Bremen. It includes a restaurant and bar. The new owners plan to carry out extensive renovations over the next 12 months, after which the property will reopen as a Best Western-branded hotel under the name Sure Hotel by Best Western City Hotel Wilhelmshaven. The hotel will be operated by German operator Beepartment, who already manages two other hotels within the BWH Hotel Group.
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