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Summer Hotels Group acquires Hotel Royalmar in Cagnes-sur-Mer, France
A summary of European hotel transactions provided by HVS
RFR sells The Jaffa Hotel, Tel Aviv in Israel
Real estate investment company RFR, led by German American billionaire Aby Rosen, has announced the sale of the five-star, 120-room The Jaffa Hotel, Tel Aviv, Israel for $123 million ($1.03 million per room), which is equivalent to approximately €108.6 million (€905,000 per room). The property is situated in the Jaffa district of Tel Aviv, within walking distance of the beach. The hotel includes two restaurants, a bar and pool and is part of the Fattal Limited Edition luxury collection. RFR originally acquired the site in 2006, developed the hotel, and opened it in 2018.
Iroko Zen SCPI acquires Premier Inn Newcastle Quayside, UK
French institutional investor Iroko Zen SCPI has acquired the three-star, 152-room Premier Inn Newcastle Quayside, for €16.95 million. The price represents €112,000 per room, although including two retail units within the 10,460 sqm building, one of which is leased to Costa Coffee. The hotel is situated next to the Tyne bridge by the River Tyne and includes a restaurant. The acquisition comes less than two months after Iroko Zen SCPI acquired the 125-room Premier Inn Sunderland City Centre hotel, also located in the north of England.
Fattal Hotels acquires Leonardo Hotel London Heathrow Airport from Aprirose
Fattal Hotels, the parent company of Leonardo Hotels, has acquired the four-star, 230-room Leonardo Hotel London Heathrow Airport, from UK real estate investment firm Aprirose. The property was brought to market during the second half of 2024 at a guide price of £30 million (£130,400 per room). The hotel has been operated by Leonardo under a lease with some 14 years remaining, with an annual rent of some £1.7 million and a tenant break option from 2026. The property is situated a five-minute drive from Heathrow Terminals 2 and 3 and includes a restaurant, bar and 15 meeting rooms. Aprirose originally acquired the hotel in 2015, and Leonardo Hotels completed a refurbishment of the property in 2019.
Summer Hotels Group acquires Hotel Royalmar in Cagnes-sur-Mer, France
French owner-operator Summer Hotels Group has acquired the four-star, 41-room Hotel Royalmar in Cagnes-sur-Mer, France. The property, situated by the city’s beachfront, is just a 15-minute drive from Nice Côte d’Azur Airport. A new restaurant is scheduled to open in June 2025, and the purchaser plans to renovate the hotel’s rooms and public areas. With this acquisition, the Summer Hotels now owns ten hotels along the southern coast of France.
Foremost Hospitality acquires former Senats Hotel in Cologne
German hotel developer and operator Foremost Hospitality has acquired the former three-star, 59-room Senats Hotel in Cologne, Germany, out of administration. Located in central Cologne, a two-minute walk from the Cologne Cathedral, the property was originally part of a large-scale redevelopment project, and was intended to be repositioned as a Radisson Red Hotel. Foremost will now continue the redevelopment and plans to reopen the hotel in 2027 under an international brand. The company already operates eight hotels across Germany, of which six are branded Hampton by Hilton, with the other two being Hilton Garden Inns.
TF Holding acquires Hôtel Caron de Beaumarchais Paris Marais
French real estate investor TF Holding has acquired the three-star, 19-room Hôtel Caron de Beaumarchais Paris Marais in France from a private party. The property is situated in Paris’ 4th district, a ten-minute walk from the Notre-Dame Cathedral. French operator Figestel will manage the hotel, adding it to its portfolio of nine other properties in Paris.
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