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Image Credit Queens Hotel Cheltenham
A summary of European hotel transactions provided by HVS
Blue Coast Capital acquires Courtyard Munich City Centre from Union Investment
British investment company Blue Coast Capital has acquired the four-star, 248-room Courtyard by Marriott Munich City Center in Germany from German real estate investment manager Union Investment for €74.9 million (€302,000 per room). The property is situated in central Munich by the main train station. The hotel includes a restaurant, bar and four meeting rooms. The property had been part Union Investment’s open-ended real estate fund “UniImmo: Europa” since the hotel opened in 2006. Following the sale, Union still retains a portfolio of seven hotels in Munich. Purchaser Blue Coast also owns the Marriott Hamburg, which it acquired in 2015.
Meliá acquires 50% stake in Paradisus Lanzarote from Victoria Hotels
Hotel operator Meliá Hotels International has acquired a 50% stake in the five-star, 272-room Paradisus by Meliá Salinas Lanzarote in Spain, from Victoria Hotels & Resorts, a joint venture initiated by Spanish bank Bankinter Investment and real estate investment firm GMA Capital, for €36.5 million, valuing the property at over €70 million (€257,400 per room). The acquisition increases Meliá’s total ownership to 53.75%, while Bankinter retains the remaining 46.25%. The property is situated in the island’s eastern Costa Teguise, a 15-minute drive from Lanzarote Airport. The resort includes four restaurants, four bars and five event rooms. In June, Victoria sold two Meliá hotels in Spain, as reported in this newsletter.
Covivio acquires B&B Porto Centro Massarelos hotel in Porto, Portugal
French real estate investor Covivio has acquired the three-star, 176-room B&B Porto Centro Massarelos in Porto, Portugal, for €15 million (€85,200 per room) at a reported yield of 6%. The property is situated on the north side of the Douro River, near the Casa da Música concert hall, and includes a breakfast restaurant. The hotel opened this month, making it the fourth B&B hotel in Porto.
LFPI and private investors acquire Marivaux Hotel in Brussels
French asset manager LFPI, together with some twenty private investors, has acquired the four-star, 136-room Marivaux Hotel in Brussels, Belgium. Situated just a short walk from Brussels’ Grand Place, the property includes a restaurant and nine meeting rooms. The hotel will be operated by LFPI’s hotel management arm, LFPI Hôtels Gestion. Following the acquisition, LFPI plans an extensive refurbishment program, including the addition of new rooms and the upgrade of public areas and meeting facilities.
Legal & General acquires Hyatt Place and Hyatt House in Leeds, UK, from Tritax
London-based investment manager Legal & General has acquired the dual-branded 217-room Hyatt Place and 88-room Hyatt House in the city of Leeds in northern England, from London-based real estate investment company Tritax. The four-star property is situated in central Leeds by the main train station and includes two restaurants and bars, in addition to six meeting rooms. The adjoining hotels were developed in 2022 and have a BREEAM Excellent rating. US-operator Aimbridge Hospitality will manage the dual-branded property under a franchise agreement with Hyatt.
Interspa Group acquires Gut Heckenhof in Eitorf, Germany
German recreational facility developer Interspa Group has acquired the four-star, 78-room Gut Heckenhof Hotel & Golf Resort in Eitorf, Germany, from local hotelier Peter Hilla, who built and managed the hotel over the past 30 years. The property is situated in a conservation area about a 40-minute drive southwest of Cologne. The resort includes two restaurants, 12 meeting rooms and a 27-hole golf course. Interspa will take over the resort at the end of 2025 and plans to add a 2,000 sqm thermal spa, 33 golf chalets, 25 wellness chalets, and a publicly accessible fitness studio with additional wellness facilities.
Ben Dahlheim acquires Amedia Hotel Linz in Austria from Soravia
Ben Dahlheim, investor and strategic partner to German owner-operator Dormero Hotels, has acquired the four-star, 97-room Amedia Hotel Linz in Austria from Austrian real estate developer Soravia. The hotel is situated by the city’s main convention center, Design Center Linz, and includes a restaurant and bar. It currently operates under the Trademark Collection by Wyndham brand and is scheduled to be rebranded as Dormero DeHo Linz at the beginning of 2026.
KE Hotels acquires Queens Hotel Cheltenham in the UK from Sutton Hotel Collection
British owner-operator KE Hotels has acquired the four-star, 84-room Queens Hotel Cheltenham in England, from British owner-operator Sutton Hotel Collection. The property is situated in the central Montpellier District, overlooking the Imperial Square and Gardens. The hotel includes a restaurant, bar and two meeting rooms. KE Hotels now operates a total of eight hotels throughout the UK, comprising five owned properties and three under management.
HVS is the world’s leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.
