Covivio acquires Iberostar Waves Las Dalias on Tenerife from Starwood Capital
Covivio, by means of its 52.5%-owned subsidiary Covivio Inns, 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 web lease till 2041, with the value reportedly reflecting a 6.75% stabilised yield. Tenerife is the most important 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 essential 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 development 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 situated 90 minutes drive southwest of Dublin. Set on some 500 acres, the resort encompasses 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 Resort, each inside an hour’s drive west of Dublin in County Meath.
Quinta do Lago homeowners purchase Conrad Algarve in Portugal from ECS
The homeowners 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 embrace 14 eating places and bars, The Campus sports activities hub, Clube da Quinta property companies and three championship golf programs.
Apex Inns acquires DoubleTree by Hilton Dunblane Hydro in Scotland
Scottish owner-operator Apex Inns 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 about 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 Resort & Spa in Newbury in Berkshire in southern England, as reported on this publication.
Atalante Inns acquires two Ibis resorts in France from AccorInvest
French owner-operator Atalante Inns 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 primary practice station. The Avignon property is about to endure a complete renovation program. This marks Atalante’s 7th and eightth 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 Resort Gdańsk in Poland from Granaria Growth
Invesco Actual Property, on behalf of a German shopper endeavor its first resort acquisition, has acquired the three-star, 327-room The Cloud One Resort 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 primary practice station. The resort opened in November 2024 and will likely be managed and operated by Motel One Group beneath a 25-year lease settlement. Invesco plans to speculate into the resort’s sustainability.
Therme Group acquires Resort Victory Therme Erding in Germany
Austrian wellness firm Therme Group has acquired the 134-room Resort Victory Therme Erding, alongside Therme Erding, the world’s largest thermal spa, situated in Erding, Germany. The resort is located inside the spa complicated, situated 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 staff 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.
Non-public investor acquires Hyde Park Boutique Resort in London
A personal worldwide investor has reportedly acquired the three-star, 43-room Hyde Park Boutique Resort in London, UK, from a London-based resort proprietor for £14 million (£325,600 per room). The resort is located in Bayswater, only a brief stroll north of Hyde Park. The property not too long ago underwent refurbishment and features a breakfast room. The resort is unencumbered by any model affiliation or administration settlement.
UMB Group acquires MEININGER Resort Amsterdam Metropolis West
Dutch non-public investor UMB Group has acquired the 321-room MEININGER Resort Amsterdam Metropolis West in Amsterdam, Netherlands, by means of a share deal. The acquisition consists of your complete long-term leased Busitel mixed-use complicated, comprising workplace house, catering services within the plinth and a parking storage. The property is located two minutes from the Sloterdijk practice station, only one practice cease from the town centre and ten minutes to the airport. The resort features a bar, breakfast room and recreation room. UMB plans to additional spend money on 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 Resort in Folkestone, UK, from British asset supervisor Stellar Asset Administration, off a information value 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 Technology 4 normal. L&R Properties will add the resort to its Atlas portfolio, which incorporates 58 resorts throughout the UK.
Extendam and Sohoma purchase Finest Western Resort in Lyon, France
French non-public fairness agency Extendam, along with French working associate Sohoma, have acquired the four-star, 54-room Finest Western Resort du Pont Wilson in Lyon, France. The property is located by the river Rhône in central Lyon, some 1.5 kilometres from the central practice station. The resort consists of coworking house 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 Resort Mercure Lyon Centre Lumière in Lyon, as reported on this publication.
Alpha Actual Belief acquires Travelodge Liverpool John Lennon Airport Resort
UK-based actual property investor Alpha Actual Belief has acquired the three-star, 100-room Travelodge Liverpool John Lennon Airport Resort 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 chargeable for constructing upkeep and with a passing lease of £0.49 million every year, topic to inflation-linked changes, indicating a 7.56% annual yield. With this transaction, Alpha Actual Belief’s portfolio now contains 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 about to endure a €2 million ESG renovation mission 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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