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Select Group acquires Old Thorns Hotel & Resort in Liphook, UK – Image Credit Old Thorns
A summary of European hotel transactions provided by HVS
Genefim acquires Exe Rey Don Jaime in Valencia from Atom Hoteles
Genefim, the real estate investment arm of the French bank Société Générale, has acquired the four-star, 319-room Exe Rey Don Jaime hotel in Valencia, Spain, from Spanish real estate investment trust Atom Hoteles SOCIMI for €50 million (€156,700 per room). The property is situated midway between Valencia’s old town and marina, by the Turia Gardens and the City of Arts and Sciences. The hotel includes a restaurant, bar, ten meeting rooms and a rooftop pool. Spanish operator Eurostars will continue to operate the hotel under its Exe Hotels brand.
Yoomata Aldgate acquires Corner London City Hotel from Great Portland Estates
Yoomata Aldgate Property, a joint venture between French real estate firms Euragone Investment Management and Mata Capital, has acquired the three-star, 180-room Corner London City Hotel, UK, along with a plot of undeveloped land, from British real estate investment trust Great Portland Estates for £42 million. The hotel is located in East London’s Whitechapel district, and includes a restaurant, bar and three meeting rooms. Yoomata reportedly plans to redevelop the site and eventually operate it under the Yooma Urban Lodge brand.
Select Group acquires Old Thorns Hotel & Resort in Liphook, UK
Dubai-based real estate investment firm Select Group has acquired the four-star, 150-room Old Thorns Hotel & Resort in Liphook, UK. The property was previously owned by Zhang Zhenxin, the founder of financial services conglomerate China UCF Group, who died in 2019 leaving UCF under a massive debt burden. UCF acquired Old Thorns in 2013 from the Shaw family who remained as operator of the resort. Situated in Hampshire, approximately 80 kms southwest of London, the resort sits within 317 acres of land and also includes 51 self-catering apartments, an 18-hole championship golf course, a restaurant, three bars and eight meeting rooms. Select Group plans to further invest in the resort.
H10 Hotels acquires Juliana Hotel Paris from Éric Cleton
Spanish owner-operator H10 Hotels has acquired the five-star, 40-room Juliana Hotel Paris from French hotelier Éric Cleton. Originally opened in 2015, the property is situated in Paris’s 7th district, close to the Eiffel Tower. The hotel includes a restaurant, rooftop bar, and spa. It will be rebranded as The One Alma Paris, becoming the third property in the The One by H10 Hotels portfolio.
Sampension, AKF & Comwell Hotels acquire Comwell H.C. Andersen Odense
Danish pension fund manager Sampension, together with Danish real estate investment company AKF and Danish operator Comwell Hotels, has acquired the four-star, 157-room Comwell H.C. Andersen Odense Dolce by Wyndham in Odense, the third largest city in Denmark. The hotel is situated in the city centre, close to the central train station, and includes a restaurant, 24 meeting rooms and a casino. Comwell Hotels will continue operating the hotel.
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