Europe Hotel Transactions Bulletin - Week Ending 6 March 2020 (March 6, 2020)

Elaia REIT sells portfolio of four Spanish hotels to Swiss Life 

The real estate arm of Swiss Life Group, Swiss Life Asset Management, has acquired four hotels on the Catalonian coast and the Balearic Islands from Madrid-based Elaia Investment Spain Socimi for a reported €55 million (€103,000 per room, on average). The deal includes the 39-room Hotel Valparaiso and the 148-room Hotel Vistamar, both on Mallorca, the 147-room Sensimar Eden Binibeca on Menorca and the 200-room Gran Hotel Monterrey, Girona in Northern Catalonia. All properties are managed under long-term lease agreements by Pierre & Vacances, except the Hotel Valparaiso Mallorca, which is managed by HotelAtelier.

Meridia Capital buys Hesperia Barcelona del Mar 

Spanish investment manager Meridia Capital Partners is acquiring the Hesperia Barcelona del Mar, a 4-star hotel located on Barcelona’s beach front in the 22nd district. The hotel comprises 84 rooms including six suites and represents the fourth acquisition by Meridia IV, the buyer’s latest investment vehicle.

BVK and GBI purchase the Motel One Frankfurt Messe from DWS 

German institutional investor Bayerische Versorgungskammer (BVK) and German developer GBI AG are together acquiring the Motel One Frankfurt Messe from a DWS-managed fund. The hotel comprises 401 guest rooms and has been in operation since 2014. According to a statement released by GBI, the hotel has been performing well, benefits from an advantageous location in a key German city with a long-term perspective and represents a high ROI opportunity for the investors.

BNP Paribas acquires future Meininger Hotel Marseilles from Coffim 

BNP Paribas REIM is acquiring the future Meininger Hotel Marseilles from Parisian developer Coffim for an undisclosed amount. The 194-room hostel/hotel hybrid is situated in the second district of Marseilles, set for completion at the end of 2021 and will offer a total of 574 beds.

DWS Group forward-purchases the Zoku Hotel building in Paris 

German asset manager DWS Group has acquired a building of some 5,700 sqm in Paris from developer Linkcity, which will become an aparthotel concept under the Zoku brand. Set to open in 2021, the property is planned to include 129 lofts as well as social spaces and will be operated by Zoku Hotels under a lease agreement. The mixed-use development combines hotel, residential and office facilities and aims to become the key part of the first zero emission neighbourhood in Paris.

Omnam Group acquires Villa Camerata in Florence, Italy to redevelop into luxury hotel 

London-based real estate firm Omnam Group has as acquired Villa Camerata in Florence, Italy. This will be Omnam’s second luxury lifestyle hotel development project in Italy, joining the W Rome that is due to open in 2021.  Dating back to 1427, Villa Camerata has most recently served as a youth hostel and will be converted into a luxury lifestyle city resort offering vast food and beverage as well as premium wellness facilities. The property is planned to re-open in 2023.


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Disclaimer: Information provided above has been gathered from various market sources. HVS has not independently verified the accuracy of the information provided. Interested parties should not rely on the information as statement of facts and are advised to make their own independent checks to verify the information provided. For further information, please feel free to contact HVS London.

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