HVS Europe Hotel Transactions Bulletin Week Ending 24 April 2026

M&G Real Estate acquires Travelodge Barcelona Poblenou in Spain

London-based real estate investment company M&G Real Estate, through its M&G European Property Fund, has acquired the 250-room Travelodge Barcelona Poblenou in Spain for a reported price of approximately €50 million (€200,000 per room). The property is situated in the 22@ Innovation District which forms part of the Sant Marti precint, located some 3 kms north-east of Barcelona’s historic centre. The hotel includes a breakfast restaurant and café and is operated by Travelodge Hoteles España, SL under a long-term lease agreement, with 12 years and 4 months remaining on the lease.  

Millemont acquires Crowne Plaza hotels in Reading East and Marlow, UK

London-based property investment firm Millemont Capital Partners has acquired the four-star, 174-room Crowne Plaza Reading East and the four-star, 168-room Crowne Plaza Marlow in the UK. Both properties are located near motorways, some 24 kilometres apart, some 30 minutes drive west of London Heathrow Airport. Both hotels underwent refurbishment in recent years and include a restaurant, bar, several meeting rooms and a spa with swimming pool. British operator Troo Hospitality will operate both hotels. 

Montagnettes acquires Excelsior Chamonix Hôtel & Spa inthe French Alps

French family-owned owner-operator Montagnettes has acquired the four-star, 79-room Excelsior Chamonix Hôtel & Spa in Chamonix-Mont-Blanc, France, from an undisclosed institutional investor. The property is situated in eastern France close to the borders with Switzerland and Italy, at the base of Mont Blanc. The hotel includes a restaurant, bar, spa with pool, and a meeting room. Montagnettes plans to renovate the hotel. 

Square Group acquires Best Western Plus 61 Paris Nation from Eternam

Swiss real estate investment company Square Group has acquired the four-star, 48-room Best Western Plus 61 Paris Nation in France from French investment firm Eternam. The hotel includes a breakfast restaurant and is situated in Paris’ eastern 12th district, a 10-minute walk east of Place de la Nation and some 5 kms east of Notre Dame Cathedral. This acquisition brings Square Group’s Paris hotel portfolio to three properties, after also acquiring the Hotel du Mont-Louis in the 11th district in late 2025, and the Ibis Styles Paris Jardine de la Villette in the 19th district in 2024.

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