HR Group acquires H-Lodges

German owner-operator HR Group has acquired H-Lodges, a privately managed lodge firm in Germany that operates over 60 accommodations throughout Germany, Austria, Switzerland, France and Hungary. The H-Resort manufacturers embrace Hyperion Lodges, H4 Lodges, H2 Lodges, H+ Lodges, H.ostels, and H.omes and H-Lodges will proceed to function beneath the identical identify. This acquisition will increase HR Group’s portfolio by one-third. HR Group now plans to enhance digitalisation, F&B ideas and organisational construction inside H-Lodges, and mentioned it’ll leverage its experience in gross sales and procurement to unlock synergies.

CapMan acquires 28 accommodations throughout the Nordics from Midstar

CapMan Actual Property, the actual property arm of Finnish non-public fairness fund CapMan, by way of its CapMan Lodges II fund, has acquired a portfolio of 28 accommodations with 4,709 rooms from owner-operator Midstar Fastigheter AB, the lodge administration arm of Sweden’s Midstar Lodges AB. The properties are unfold throughout the Nordics, with 16 in Sweden, eight in Norway, and 4 in Denmark. They’re located in main metropolitan areas similar to Stockholm, Gothenburg, Copenhagen and Oslo. Following this transaction, CapMan’s property beneath administration will enhance by €400 million. The lodge manufacturers concerned within the portfolio embrace a mixture of Greatest Western, Elite, Scandic and Strawberry. CapMan intends to broaden the portfolio’s room rely to 4,887 by 2027 by way of value-enhancing initiatives. 

Henderson Park and Atream purchase 5 Novotel Suites accommodations in France

European actual property funding platform Henderson Park, along with French actual property investor Atream, has acquired a portfolio of 5 Novotel Suites accommodations (645 rooms) in France. The portfolio, all four-star accommodations, consists of three properties in Paris, specifically the 166-room Novotel Suites Paris Montreuil Vincennes, the 128-room Novotel Suites Paris Issy les Moulineaux and the 101-room Novotel Suites Paris Stade de France, in addition to the 126-room Novotel Suites Lille Europe in Lille and the 124-room Novotel Suites Cannes Centre in Cannes. All properties had been constructed between 2000 and 2011. Following this acquisition, Henderson Park and Atream plan to renovate all the portfolio, together with upgrading the bedrooms and guest-facing areas, in addition to modernising the accommodations’ technical infrastructure to reinforce power effectivity.

Lennart Perlhagen acquires 20% stake in Firmdale Lodges

Swedish pharmaceutical entrepreneur Lennart Perlhagen has acquired a 20% stake in British owner-operator Firmdale Lodges for a reported value of roughly £300 million, valuing the corporate at round £1.5 billion. Based in 1985 by Tim and Equipment Kemp, Firmdale’s portfolio now consists of eight accommodations in London and three in New York. The Kemp household belief stays the bulk stakeholder. In April 2022, Firmdale obtained an extended leasehold on three neighbouring buildings in London’s Bloomsbury district, intending to rework them right into a lodge. Perlhagen’s affiliation with Firmdale started in 2021 when his son joined the Firmdale board as a shareholder.

Deka acquires Ruby Molly Resort & Bar in Dublin from ESR Group

German REIT Deka Immobilien has acquired the four-star, 272-room Ruby Molly Resort & Bar in Dublin, Eire, from Creekvale, the actual property growth arm of Hong Kong-based actual property funding supervisor ESR Group, for about €86 million (€316,200 per room). The lodge is located in central Dublin, north of the town’s historic core. The property was accomplished in April 2024 and meets the BREEAM “Very Good” ESG normal. It features a restaurant and bar and is long-term leased to Ruby Hospitality Eire. The lodge has been acquired for the open-ended actual property fund Deka-ImmobilienEuropa.

Van der Valk acquires Pullman Eindhoven from Cocagne Holding

Dutch owner-operator Van der Valk has acquired the four-star, 320-room Pullman Eindhoven Cocagne in Eindhoven, Netherlands, from Dutch investor Cocagne Holding, for a reported €70 million (€218,750 per room). The property is located in central Eindhoven, some 700 metres from the central practice station and a 15-minute drive from Eindhoven Airport. The lodge features a restaurant, bar, 18 assembly rooms and a spa. Van der Valk’s portfolio consists of over 100 accommodations and eating places throughout Europe, North America and the Caribbean.

PPF acquires Hilton Prague from the Irish Financial institution Decision Company

PPF Actual Property, the actual property arm of Czech funding group PPF Group, has acquired the four-star, 791-room Hilton Prague within the Czech Republic from the Irish Financial institution Decision Company (IBRC). The lodge was beforehand a part of Eire’s Quinn Group, which has been beneath the management of IBRC for greater than a decade. The property is located to the east of Prague’s outdated city by the Vltava river, and consists of 4 eating places, two bars, a spa and 5,000 sqm of assembly area. It’s the largest lodge within the Czech Republic and has obtained investments of over €50 million in refurbishments since 2018.

Limestone Capital acquires Nobu Resort London Shoreditch from LaSalle

Switzerland-based non-public fairness group Limestone Capital AG has acquired the five-star, 164-room Nobu Resort London Shoreditch within the UK, from American actual property funding supervisor LaSalle. The property is located in East London’s trendy Shoreditch district, and features a Nobu restaurant, bar, cafe, spa and occasion areas. Nobu Lodges’ first European property, it opened in 2017, and after closing briefly in the course of the pandemic, reopened in 2022 with an extra penthouse and two extra visitor rooms on the sixth stage. The lodge was almost bought to a different investor in 2021 for £75 million, however that transaction fell by way of. That is Limestone’s first lodge within the UK, with different luxurious accommodations located in Portugal, Italy and Spain.

Andras Home acquires Travelodge Belfast Central from Tifco

British owner-operator Andras Home has acquired the three-star, 90-room Travelodge Belfast Central within the UK, from Irish owner-operator Tifco Lodges Group, for £8.75 million (£97,200 per room). The lodge is located in central Belfast by the Grand Opera Home, five-minutes’ stroll from the central practice station. Andras will proceed to function the lodge beneath the Travelodge model and plans to considerably make investments into the refurbishment of the property. Following this transaction, Andras’ portfolio consists of 11 accommodations and flats throughout the UK. In 2024, Andras acquired the two-star, 146-room ETAP Resort in Belfast. 

Eire’s Lodges Properties Restricted acquires Marine Resort Sutton from Ryan household

Unbiased Irish family-owned group Lodges Properties Restricted has acquired the three-star, 48 room Marine Resort in Sutton, Eire from the Ryan household, off a information value of greater than €10 million. The property is located on a seafront web site in Sutton, some 13 kilometres from Dublin. The lodge features a restaurant, bar, seven assembly rooms and a spa with indoor pool. Final month, the Ryan household bought the four-star, 202-room Grand Resort Malahide in County Dublin. 

Olala Properties acquires São Félix Resort in Laundos, Portugal

Spanish property supervisor Olala Properties has acquired the four-star, 46-room São Félix Resort Hillside and Nature in Laundos, Portugal. The lodge is located on a hillside 35 kms north of Porto and quarter-hour from the ocean. The property features a pool, 5 assembly rooms and a restaurant. That is Olala’s first acquisition in Portugal and its third lodge, having entered the lodge administration sector final 12 months with the acquisition of two accommodations in Spain.

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