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Deka acquires Andaz Vienna Am Belvedere from Hyatt and Signa – Image Credit Hyatt
A summary of European hotel transactions provided by HVS
Deka acquires Andaz Vienna Am Belvedere from Hyatt and Signa
German REIT Deka Immobilien, on behalf of its open-ended WestInvest InterSelect fund, has acquired the five-star, 303-room Andaz Vienna Am Belvedere in Austria for approximately €92 million (about €303,600 per room), from a joint venture between affiliates of Hyatt Hotels & Resorts and Austrian real estate developer Signa Development Selection AG. The property is situated near Vienna Central Station in the city’s Belvedere Quarter urban development area, a 10-minute walk south of Belvedere Palace. Designed by Renzo Piano and opened in 2019, the hotel includes two restaurants, two bars and six meeting rooms. The property is leased to Munich Hotel Partners (MHP) on a long-term basis. From April 2026, it will be rebranded as the Hyatt Regency Vienna under a franchise agreement.
Set Hotels acquires Occidental Menorca, Punta Prima in Spain
Menorca-based Spanish owner-operator Set Hotels has acquired the four-star, 374-room Occidental Menorca, Punta Prima on the Balearic Island of Menorca in Spain. The property is situated on the south-east tip of the island by the Punta Prima beach, some 10 kms south of the island’s airport and capital city, Mahon. The hotel includes a restaurant, three bars and two pools. Following the acquisition, Set Hotels will rebrand the property as Seth Punta Prima, bringing its portfolio to a total of eight hotels, all located on Menorca.
Compagnie du Mont-Blanc and Beyond Places acquire RockyPop Chamonix in France from Assas and Extendam
French tourism company Compagnie du Mont-Blanc, together with French operator Beyond Places, has acquired the three-star, 148-room RockyPop Chamonix – Les Houches in France from French owner-operator Assas Hotels and French private equity firm Extendam. The Chamonix ski resort is situated near Mont Blanc, close to both the Swiss and Italian borders, an hour’s drive southeast of Geneva. The hotel includes a restaurant, bar and seven meeting rooms. Assas Hotels created the RockyPop brand 10 years ago, and the Chamonix property marks the brand’s first franchise, with Compagnie du Mont-Blanc set to operate the hotel under a franchise agreement.
Kingstone Real Estate acquires Premier Inn Rosenheim from S&P
German real estate investment company Kingstone Real Estate has acquired the three-star, 145-room Premier Inn Rosenheim City Lokhöfe Hotel in Rosenheim, Germany, from German real estate developer S&P Commercial Development. The hotel forms part of a wider transaction within the commercial complex of the newly completed Lokhöfe district development, which also includes office and retail spaces, with a combined area of 16,600 sqm. The hotel opened in 2024 and includes a restaurant and bar. Rosenheim is a city of around 64,000 inhabitants, located about an hour’s drive southeast of Munich.
BlackRock acquires Excelsior by Geisel in Munich from Geisel family
BlackRock Real Estate, the property investment arm of American asset manager BlackRock, has acquired the four-star, 114-room Hotel Excelsior by Geisel in Munich, Germany, from the local Geisel hotelier family. The acquisition was financed through funds from BlackRock’s value-add strategy. The hotel is situated in central Munich by the main train station, a 10-minute walk from the old town. It includes a restaurant, bar and five meeting rooms. British operator Siggis Capital is set to operate the hotel.
KKR and Baupost sell Delta Hotels by Marriott Birmingham to private investor
New-York based global investment company KKR & Co. Inc and Boston-based investment manager Baupost Group have sold the four-star, 106-room Delta Hotels by Marriott Birmingham in the UK to a private investor. The property is situated in central Birmingham, a five-minute drive from Birmingham New Street train station. The hotel was renovated in 2023 and includes a restaurant & bar and five meeting rooms. In December 2025, KKR and Baupost also sold the four-star, 382-room Delta Hotels Heathrow Windsor in Slough, UK, as reported in this newsletter.
RoundShield acquires Corinthia Lake Como development from Roncoroni family
London-based private investment management firm RoundShield, through its Putter fund, has acquired the Corinthia Lake Como development, located at the Menaggio and Cadenabbia Golf Club on Lake Como, Italy, from the Roncoroni family. The site, adjacent to Italy’s second-oldest golf course, will be developed into the five-star, 58-room Corinthia Lake Como by Italian real estate investment manager Kervis SGR S.p.A. The project will include three branded residences, a golf club, a spa, and a lakefront club with direct access to the water. Subject to final planning approvals, opening is targeted for late 2028. Corinthia Hotels Group is set to manage the hotel.
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