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HVS Hodges Ward Elliott successfully completes the sale of the W Hotel London – Image Credit Marriott International
A summary of European hotel transactions provided by HVS
HVS Hodges Ward Elliott successfully completes the sale of the W Hotel London
As exclusive agent, HVS Hodges Ward Elliott is pleased to have successfully completed the sale of the W London Leicester Square in the UK on behalf of a private Middle Eastern investor. The price, as well as the identity of the purchaser, are confidential. The freehold property occupies a prime island site on Leicester Square in London’s West End. Completed in 2011, the scheme comprises the 192 room W Hotel, 11 duplex residences and a 3,228 sqm retail unit occupied by M&M’s. The hotel also features a restaurant and bar, two meeting rooms, a screening room and a spa, as well as an additional restaurant let to Burger & Lobster.
Hotusa acquires Grand Hotel Vienna in Austria out of Administration
Spanish tourism conglomerate Grupo Hotusa has acquired the five-star, 205-room Grand Hotel Vienna in Austria out of Administration, for a reported sum of just under €100 million (€488,000 per room). The property is situated in Vienna’s central first district by the Vienna State Opera. The hotel first opened in 1870 and today includes four restaurants, two bars and twelve meeting rooms. It was previously owned by Austrian-Saudi investor Mohamed Bin Issa Al Jaber, who acquired the property in 2002.
Dubai Holding acquires Jumeirah Mallorca from Deka Immobilien
Dubai Holding, a state-owned investment company from the UAE, has acquired the five-star, 121-room Jumeirah Port Sóller Hotel & Spa in Mallorca, Spain, from German REIT Deka Immobilien which owned the property through its open-ended real estate fund WestInvest InterSelect. The property is situated above Port de Sóller on Mallorca’s northwest coast, with views of the Mediterranean and the UNESCO Heritage listed Serra de Tramuntana mountain range. The hotel includes three restaurants, two bars and four meeting rooms, and has been leased to Jumeirah since it first opened in 2012. Deka acquired the property in 2007 as a development project and further expanded it in 2015 through the acquisition of an adjoining undeveloped plot. Dubai Holding will continue operating the hotel under its Jumeirah brand.
Orion acquires majority stake in Corinthia Lisbon, Portugal, from IHI
London-based private equity firm Orion Capital Managers, through its Orion European Real Estate Fund VI, has acquired a 72% stake in the five-star, 518-room Corinthia Lisbon in Portugal, from Maltese hotel and real estate developer International Hotel Investments (IHI), the owner of the Corinthia Hotels Group. IHI will retain the remaining 28% and Corinthia will continue operating the hotel. The property is situated between Lisbon’s Zoo and the Monsanto Forest Park. The largest five-star hotel in the city, the property includes a 3,000 sqm spa, three restaurants & bars, two lounges and 16 meeting rooms. It recently underwent a full renovation of its guest rooms, spa, and F&B outlets. This acquisition marks the first capital deployment from Orion’s Fund VI.
Castello Sgr acquires Calampiso Resort in Sicily, Italy
Italian asset manager Castello Sgr, through one of the funds managed by the Hospitality Italian Infrastructure Platform (HIIP), has acquired the Calampiso Resort in Sicily, Italy. Covering an area of over 150,000 sqm and located on the north-western tip of Sicily, the resort comprises some 250 rooms and apartments and is set to undergo a major transformation into an ultra-luxury destination. The €100 million investment is planned to include new restaurants, meeting and event spaces, a 2,000 sqm spa, and both indoor and outdoor swimming pools. The resort will be branded and operated by a leading international hotel operator, with reopening scheduled for 2029.
Fattal acquires Cora Resort and Spa in northern Greece, from Bain Capital
Israeli owner-operator Fattal Hotel Group has acquired the five-star, 181-room Cora Resort and Spa in Afytos, Halkidiki, Greece, from American private equity firm Bain Capital. The resort is situated on the Kassandra peninsula in the Halkidiki region of northern Greece, overlooking the Aegean Sea, about an hour’s drive south of Thessaloniki. It includes four restaurants, three bars, a private beach and two outdoor pools. Bain reopened the property in July 2023 after a €24 million (€132,600 per room) refurbishment and repositioning into a five-star resort. Fattal will rebrand the property as Meravia Hotel by Leonardo Limited Edition.
Covivio acquires future Meininger Hotel Porto from Eiffage
French real estate investor Covivio, through its subsidiary Covivio Hotels, has entered an agreement to acquire the future three-star, 228-room Meininger Hotel in Porto, Portugal, from Eiffage Immobilier Portugal, a subsidiary of French real estate developer Eiffage, for €31.6 million (€138,600 per room). Construction is scheduled to begin in Q1 2026, with the opening planned for the second half of 2028, at which point the sale will be completed. The hotel will be situated in Porto’s Bonfim district and Meininger will operate the property under a 20-year fixed lease.
CDP Real Asset acquires Ibis Styles Roma Eur from Gruppo Amapa
Italian asset management company CDP Real Asset SGR, through its National Tourism Fund (FT2), has acquired the four-star, 191-room Ibis Styles Roma Eur in Rome, Italy, from Italian owner-operator Gruppo Amapa, for €28 million (€146,600 per room). The property first opened in 2012 and is situated in Rome’s southern Eur district by the Palasport metro station. The hotel includes a restaurant, bar and two meeting rooms. This acquisition brings the FT2 Fund’s portfolio to 22 hotels.
Osae Partners acquires Hôtel Sèvres Saint Germain in Paris
French asset management company Osae Partners has acquired the three-star, 30-room Hôtel Sèvres Saint Germain in Paris, France, for around €20 million (€666,700 per room). The hotel includes a breakfast restaurant and bar and is situated in central Saint-Germain, Paris’s 6th district. Osae plans to renovate the whole hotel, create a wellness area and turn it into a four-star hotel. In December 2025, Osae sold the four-star, 43-room Hôtel Filigrane & Spa in Paris, as reported in this newsletter.
Amundi acquires B&B Hotel Prague City from Praemia REIM
Amundi Czech Republic, a subsidiary of European asset manager Amundi and through its Amundi Realitní fond KB3 fund, has acquired the three-star, 160-room B&B Hotel Prague City in the Czech Republic from French real estate investment manager Praemia REIM, for around €11 million (€68,800 per room). The property is situated some 15 minutes’ walk east of Prague’s historic city centre and includes a breakfast restaurant. Praemia originally acquired the hotel in 2021 as part of a sale and leaseback transaction with B&B Hotels.
Cimex acquires Vienna House by Wyndham in Prague from Wiener Städtische
Czech real estate investment company Cimex Group has acquired the four-star, 290-room Vienna House by Wyndham Andel’s Prague in the Czech Republic from Wiener Städtische, a subsidiary of Austrian insurance company Vienna Insurance Group. The property is situated in Prague’s Anděl district, a 15-minute drive south of Prague Castle. The hotel includes a restaurant, bar and 16 meeting rooms. Following the acquisition the hotel operates as Orea Hotel Andel’s Prague, part of Cimex’s hotel brand Orea Hotels & Resorts.
Oppo Invest acquires Hacienda Zorita Wine Hotel & Spa in Salamanca, Spain
Spanish private real estate firm Oppo Invest has acquired the five-star, 40-room Hacienda Zorita Wine Hotel & Spa in Salamanca, Spain. The property is situated on a 3.3-hectare vineyard estate outside Salamanca and overlooking the River Tormes. The hotel includes a restaurant, bar and a wine & olive spa. It is part of the Small Luxury Hotels of the World collection and Spanish hotel operator Acerca Hospitality is set to manage the hotel.
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