Europe Hotel Transactions Bulletin - Week Ending 15 May 2019 (May 15, 2020)

AXA investment vehicle to acquire Lagrange Apart`Hotel in Mulhouse, France 

MyShareCompany, an investment vehicle owned 50% by French insurance group Axa and 50% by French real estate investor Atland-Voisin, has agreed to acquire the 81-room Lagrange Apart´hotel in Mulhouse, France, on a forward funding basis. Mulhouse is located in the east of France, close to both the Swiss and German borders. Set to open in early 2022, the property is being developed by local developers Alcys Realisations and KS Group, and will be operated by the Lagrange Group under a 12-year lease agreement.

Holiday Inn Express Castle Bromwich Ground Rent Sold 

The freehold ground rent investment for the 110-room Holiday Inn Express Castle Bromwich near Birmingham in England has been sold to Silverton Global Ltd for an undisclosed sum. Built in 1999 and refurbished in 2014, the hotel was sold out of administration on behalf of its former owners, having also been in administration in 2011. The property has been trading under the Holiday Inn Express flag since 2015, and is currently catering to essential workers.

Landmark Scores Hotel St Andrews offered for Sale 

HVS Hodges Ward Elliott has been appointed to offer for sale the Scores Hotel in St Andrews Scotland, a well known 36-room landmark in the ancient university town famous for being the ‘Home of Golf.’ The hotel has a unique location, being literally a few yards from the first tee of the world renowned Old Course and the famous Royal & Ancient Clubhouse, as well as enjoying spectacular panoramic views of the sea. Having been in the same family ownership for the last 34 years, a new owner will have a once-in-a-lifetime opportunity of acquiring and upgrading a globally significant property in their own style, with the possibility of virtually doubling the number of rooms. As well as capitalising on annual events including the Alfred Dunhill Links Championship, this timely sale will allow the successful buyer to re-launch the property in time to host guests attending the 150th British Open Golf Championship in July 2022. Charles Human and Harry Douglass are handling the sale.


For the latest in the hospitality industry, please visit: You are also welcome to contact the following personnel.
Russell Kett, Chairman – HVS London [email protected]
Charles Human, CEO – HVS London/HVS Hodges Ward Elliott [email protected]
Chris Martin, Senior Director – HVS Hodges Ward Elliott [email protected]
Sophie Perret, Senior Director – HVS London [email protected]
Arlett Hoff, Director – HVS London [email protected]
Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific [email protected]
Demetris Spanos, Managing Director – HVS Athens [email protected]
Ezio Poinelli, Director – HVS Milan [email protected]
Harry Douglass, Associate Director – HVS London [email protected]


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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