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Barceló Raval in Barcelona – Image Credit Barceló
A summary of European hotel transactions provided by HVS
Real I.S. acquires Barceló Raval in Barcelona from Union Investment
Real I.S. AG, the real estate arm of Germany’s Bayerische Landesbank, has acquired the four-star, 186-room Barceló Raval in Barcelona, Spain, from German fund manager Union Investment. The property was completed in 2008 and is situated in the historic El Raval neighbourhood that forms part of the city’s Old Town, just 500 metres from Las Ramblas and the Gothic Quarter (Barri Gotic). The hotel, leased to Spanish operator Barceló, includes a restaurant, rooftop pool and four meeting rooms.
Corum acquires Martinez Tower Almere in the Netherlands from Trinity Vastgoed
French asset manager Corum, acting on behalf of its Corum Eurion SCPI fund, has acquired the Martinez Tower in Almere, Netherlands, from Dutch real estate developer Trinity Vastgoed for €38.3 million. The transaction includes the four-star, 222-room Plaza Premium Almere hotel, 141 short-stay apartments, a restaurant and 2,351 square meters of office space. The property is centrally located in Almere, adjacent to the main train station, around a 30-minute drive east of Amsterdam. Originally an office building, it was converted in 2018 into a mixed-use complex.
Soravia acquires additional 42% of Arlberg Hospiz Hotel in Austria from the Werner family
Austrian real estate developer Soravia took major ownership of the five-star, 88-room Arlberg Hospiz Hotel in St. Christoph am Arlberg, Austria, from Austrian hoteliers the Werner family. After acquiring a 55% stake in 2022, Soravia has now purchased an additional 42%, bringing its total ownership to 97%. The hotel is located in Austria’s Tyrol region, within a ski resort offering direct access to the slopes. It is currently closed, as Soravia undertakes a full-scale renovation of the property. The company has committed €120 million to the project, with completion scheduled for 2026.
KFIM acquires Travelodge Slough from Brightbay Real Estate Partners
Knight Frank Investment Management (KFIM) has acquired the two-star, 156-room Travelodge Slough, UK, from British property investor Brightbay Real Estate Partners for £9.54 million (£61,100 per room). The hotel includes a breakfast restaurant and is situated in central Slough, which is located some 30 kms west of central London and 10 kms west of Heathrow airport. The transaction reportedly reflects an initial yield of 6.25%.
123 IM and Parallel Hospitality acquire Aiden by Best Western @ Paris Roissy CDG
French real estate management company 123 Investment Managers, together with its operating partner Parallel Hospitality, has acquired the four-star, 120-room Aiden by Best Western @ Paris Roissy CDG in Roissy-en-France, France. The property is situated close to Paris Charles de Gaulle Airport and includes a restaurant. The hotel underwent renovations between 2021 and 2023.
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