A abstract of European resort transactions supplied by HVS

Canary Islands household workplace acquires Labranda Suites Costa Adeje Tenerife

An undisclosed Canary Islands-based household workplace has acquired the four-star, 409-room Labranda Suites Costa Adeje on Tenerife, Spain, from Spanish REIT Atom Hoteles SOCIMI, for €110 million (€268,950 per room). Tenerife is the biggest of Spain’s Canary Islands, and the property is located on the south facet of the island, 500 metres from the ocean and 20 kms from Tenerife’s important airport, Reina Sofia. The property options 9 F&B shops, three swimming swimming pools, a wellness centre and a multi-sports court docket. Following Atom Inns’ acquisition of the property in 2019, it was renovated and repositioned as a four-star superior resort. The brand new homeowners additionally personal and function different motels in the identical space.  

Spanish funding group acquires Resort Vincci Bit from Grupo Rosales

A Spanish funding group has acquired the four-star, 177-room Resort Vincci Bit in Barcelona, Spain, from Spanish actual property developer Grupo Rosales Inmobiliario, for roughly €60 million (€339,000 per room). The property is located within the Diagonal Mar space inside the 22@ district, only one km from the seashore. The resort opened in 2012 and features a rooftop pool, restaurant and bar. Vincci Inns at the moment operates the resort underneath a lease settlement.  

Non-public buyers purchase Ocean Drive Talamanca on Ibiza from OD Group

A bunch of personal buyers has acquired the five-star, 117-room Ocean Drive Talamanca on Ibiza, Spain, from Ibiza-based proprietor operator OD Group, owned by Marc Rahola Matutes who developed and opened the resort in 2016. The property is located on the coast three kms north-east of Ibiza City and a few 13 kms from Ibiza Airport. The resort contains swimming swimming pools, a restaurant and two bars. OD Inns will proceed to handle the resort underneath the Ocean Drive model for the following 25 years. In April 2024, OD Group additionally bought the five-star, 98-room Ocean Drive Barcelona for €50 million (€510,200 per room). 

Travelodge acquires Barcelona Cornellà Fira resort from Louvre

British proprietor operator Travelodge has accomplished the acquisition of a three-star, 83-room resort in Spain, situated at Barcelona Fira, the town’s commerce honest centre, from French proprietor operator Louvre Inns Group. The property, acquired on a long-leasehold foundation and now often called Travelodge Barcelona Cornellà Fira, is located within the south of Barcelona, ten-minute’s drive from Barcelona airport. It’s the closing resort of a six-hotel portfolio which Travelodge agreed to amass from Louvre in April 2024, with the opposite 5 properties having been acquired on a freehold foundation. Travelodge intends to additional develop its portfolio in Spain, together with three new-build motels in San Sebastian, Cadiz and Alicante, which might be as a consequence of start building this yr.  

Atlantic Ocean Resort Traders’ Summit (AOHIS) twentieth – twenty first January

HVS is happy to be sponsoring the third Atlantic Ocean Resort Traders’ Summit (AOHIS) being held in Madrid on January twentieth and twenty first. AOHIS is an owner-driven convention, centered on resort actual property buyers, builders and franchisees. From HVS, Charles Human and Sophie Perret will likely be attending the occasion, with Charles moderating a plenary session entitled “Why are so many buyers centered on shopping for platforms relatively than single belongings?”. Extra data on the occasion, together with registration particulars, will be discovered at www.aohis.co.

HVS is the world’s main consulting and valuation providers group centered on the resort, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the corporate performs greater than 4,500 assignments per yr for nearly each main business participant. HVS principals are thought to be the main professionals of their respective areas of the globe. By a worldwide community of over 50 places of work staffed by 300 skilled business professionals, HVS gives an unparalleled vary of complementary providers for the hospitality business. For additional data relating to our experience and specifics about our providers, please go to www.hvs.com.