A abstract of European resort transactions offered by HVS

Covivio acquires Iberostar Waves Las Dalias on Tenerife from Starwood Capital

Covivio, by means of its 52.5%-owned subsidiary Covivio Resorts, has acquired the four-star, 429-room Iberostar Waves Las Dalias on Tenerife, Spain, from an organization managed by Starwood Capital, for €81 million (€188,800 per room). The resort is leased to Spanish operator Iberostar on a triple internet lease till 2041, with the worth reportedly reflecting a 6.75% stabilised yield. Tenerife is the biggest of Spain’s Canary Islands, and the property is located on the south facet of the island, in Costa Adeje, only a five-minute stroll from the ocean and 16 kms from Tenerife’s fundamental airport, Reina Sofia. The resort consists of two swimming pools, one restaurant and three bars. This transaction is Covivio’s first resort property acquisition since 2020.  

Tipberry acquires Mount Juliet Property in Eire from Tetrarch

Tipberry, a subsidiary of British building and actual property firm Penman Holdings, has acquired the five-star, 125-room Mount Juliet Property, Autograph Assortment in County Kilkenny in Eire from Irish actual property investor Tetrarch Capital, for a reported €46.5m (€372,000 per room). The property is positioned 90 minutes drive southwest of Dublin. Set on some 500 acres, the resort includes a Jack Nicklaus designed golf course. Penman Holdings additionally owns the four-star, 128-room Johnstown Property and the four-star, 68-room Trim Fortress Lodge, each inside an hour’s drive west of Dublin in County Meath.  

Quinta do Lago house owners purchase Conrad Algarve in Portugal from ECS

The house owners of Portuguese golf residential resort Quinta do Lago have acquired the five-star, 144-room Conrad Algarve in Portugal from funds managed by ECS, a Portuguese asset administration firm owned by US-based funding managers Davidson Kempner. The property was the primary Conrad in Europe and is located within the Algarve area, only a ten-minute drive from the ocean. The resort consists of 80 residences, two villas, a spa and 6 eating places and bars. This acquisition enhances the proprietor’s choices within the Algarve, which embody 14 eating places and bars, The Campus sports activities hub, Clube da Quinta property companies and three championship golf programs.  

Apex Resorts acquires DoubleTree by Hilton Dunblane Hydro in Scotland

Scottish owner-operator Apex Resorts has acquired the four-star, 200-room DoubleTree by Hilton Dunblane Hydro in Dunblane, Scotland. The resort is located 40-minute’s drive northeast of Glasgow, and is ready to endure a multi-million-pound refurbishment together with bedrooms and public areas, with plans to stay open all through. The property will proceed to function beneath the Doubletree by Hilton model, making it Apex’s first resort that doesn’t carry the Apex model. In October 2024, Apex acquired the five-star, 49-room Winery Lodge & Spa in Newbury in Berkshire in southern England, as reported on this e-newsletter.  

Atalante Resorts acquires two Ibis resorts in France from AccorInvest

French owner-operator Atalante Resorts has acquired the three-star, 98-room ibis Avignon Centre Gare and the three-star, 67-room ibis Orléans Centre Gare from French owner-operator AccorInvest. Located in Avignon and Orléans, each properties have a central location adjoining to the principle prepare station. The Avignon property is ready to endure a complete renovation program. This marks Atalante’s seventh and eighth resort acquisitions in 2024, with the group’s portfolio now comprising 32 resorts with 2,525 rooms throughout France, Belgium, Luxembourg, Switzerland and Italy. 

Invesco acquires Cloud One Lodge Gdańsk in Poland from Granaria Growth

Invesco Actual Property, on behalf of a German consumer endeavor its first resort acquisition, has acquired the three-star, 327-room The Cloud One Lodge Gdańsk, Poland, from Polish actual property developer Granaria Growth Gdańsk, a three way partnership between Belgian actual property developer Immobel and Polish developer Multibud. The property is located on Gdańsk’s Granary Island, simply two kilometres from the principle prepare station. The resort opened in November 2024 and might be managed and operated by Motel One Group beneath a 25-year lease settlement. Invesco plans to take a position into the resort’s sustainability.  

Therme Group acquires Lodge Victory Therme Erding in Germany

Austrian wellness firm Therme Group has acquired the 134-room Lodge Victory Therme Erding, alongside Therme Erding, the world’s largest thermal spa, positioned in Erding, Germany. The resort is located throughout the spa complicated, positioned a 40-minute drive northeast of Munich. Therme Group used its personal fairness and a €320 million funding bundle from Australian lender Macquarie Capital’s Principal Finance workforce to finish the acquisition of the spa and the resort. The resort is designed within the form of a ship and consists of two eating places and a bar. The spa options 40 swimming pools, 35 saunas and steam baths, and 28 water slides.  

Personal investor acquires Hyde Park Boutique Lodge in London

A personal worldwide investor has reportedly acquired the three-star, 43-room Hyde Park Boutique Lodge in London, UK, from a London-based resort proprietor for £14 million (£325,600 per room). The resort is located in Bayswater, only a quick stroll north of Hyde Park. The property just lately underwent refurbishment and features a breakfast room. The resort is unencumbered by any model affiliation or administration settlement.  

UMB Group acquires MEININGER Lodge Amsterdam Metropolis West

Dutch non-public investor UMB Group has acquired the 321-room MEININGER Lodge Amsterdam Metropolis West in Amsterdam, Netherlands, by means of a share deal. The acquisition consists of the complete long-term leased Busitel mixed-use complicated, comprising workplace area, catering amenities within the plinth and a parking storage. The property is located two minutes from the Sloterdijk prepare station, only one prepare cease from the town centre and ten minutes to the airport. The resort features a bar, breakfast room and sport room. UMB plans to additional put money into the property’s enhancements and sustainability.  

L&R Properties acquires Vacation Inn Specific Folkestone from Stellar AM

London-based actual property investor London & Regional Properties has acquired the two-star, 100-room Vacation Inn Specific Folkestone – Channel Tunnel, an IHG Lodge in Folkestone, UK, from British asset supervisor Stellar Asset Administration, off a information worth of £8.5 million (£85,000 per room). The property is located simply 800 metres from the Eurotunnel terminal, and about 19 kilometres from Dover ferry terminal. In 2018, the resort underwent a refurbishment to align with IHG’s Vacation Inn Era 4 commonplace. L&R Properties will add the resort to its Atlas portfolio, which incorporates 58 resorts throughout the UK. 

Extendam and Sohoma purchase Finest Western Lodge in Lyon, France

French non-public fairness agency Extendam, along with French working companion Sohoma, have acquired the four-star, 54-room Finest Western Lodge du Pont Wilson in Lyon, France. The property is located by the river Rhône in central Lyon, some 1.5 kilometres from the central prepare station. The resort consists of coworking area and two seminar rooms. Extendam and Sohoma plan to implement a brand new income and operational administration technique. In October 2024, the three way partnership acquired the four-star, 78-room Lodge Mercure Lyon Centre Lumière in Lyon, as reported on this e-newsletter. 

Alpha Actual Belief acquires Travelodge Liverpool John Lennon Airport Lodge

UK-based actual property investor Alpha Actual Belief has acquired the three-star, 100-room Travelodge Liverpool John Lennon Airport Lodge within the UK, for £6.5 million (£65,000 per room). The property was inbuilt 2005 and is located only one mile from Liverpool John Lennon Airport. The resort operates beneath a 17-year unexpired lease to Travelodge, with the tenant liable for constructing upkeep and with a passing lease of £0.49 million each year, topic to inflation-linked changes, indicating a 7.56% annual yield. With this transaction, Alpha Actual Belief’s portfolio now includes 4 Travelodge resorts within the UK. 

Sq. Groupe acquires Ibis Types Paris Crimée La Villette in Paris

Geneva-based actual property and personal fairness investor Sq. Groupe has acquired the three-star, 40-room ibis Types Paris Crimée La Villette in France. The resort is located in Paris’ north-eastern nineteenth district, proper subsequent to the Crimée metro station and only a five-minute’s stroll from the Cent Quatre cultural centre. The property is ready to endure a €2 million ESG renovation challenge that features room upgrades and the creation of a backyard impressed by the works of famend French visible artist Henri Matisse.

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