Europe Hotel Transactions Bulletin - Week Ending 18 June 2021 (June 18, 2021)

HVS Hodges Ward Elliott acts on the sale of The Scores Hotel in St Andrews 

Acting as exclusive agent, HVS Hodges Ward Elliott has sold the historic Scores Hotel in St Andrews, Scotland to a joint venture led by Northern Irish property investment company Wirefox. The 36-room hotel overlooks the famous Old Course and is situated only yards from the iconic Royal & Ancient Clubhouse. This is the first time the hotel has changed ownership for 34 years. The purchasers plan to refurbish and reposition the hotel ahead of the 150th British Open, to be held at St Andrews in July 2022.

Cerberus and Highgate acquire the Dorsett City London from Far East 

American private equity firm Cerberus Capital Management, together with specialist US hospitality investors Highgate, have announced the acquisition of the 267-room Dorsett City London from Hong-Kong-based Far East Consortium, for a reported £115 million (£431,000 per room).  Located in East London near Shoreditch and Tower Bridge, the 4-star property features two restaurants and a rooftop bar.  The acquisition marks the continued partnership between Cerberus and Highgate, which includes the purchase of six hospitality portfolios from Colony Capital earlier this year.

Serani Hotels acquires Hilton Warwick/Stratford-upon-Avon, UK 

UK-based Serani Hotels has acquired the 181-room Hilton Warwick/Stratford-upon-Avon for an undisclosed sum.  The property is spread across an area of seven acres and is located off the M40/Junction 15 intersection, two miles from central Warwick, UK.  The hotel has significant conference and events space, as well as a restaurant, bar and fitness centre.

Aggregate Holdings acquires Berlin’s “Fürst” development project 

Luxembourg-based developer Aggregate Holdings SA has announced the acquisition of the landmark “Fürst” mixed-use development project in central Berlin, which will include a 155-room hotel, from the family office of Israeli entrepreneur Amir Dayan.  The project is located on Kurfürstendamm, which is one of the city’s most prominent streets.  Upon completion, the Fürst project will have a gross construction area of some 183,000 sqm of mixed-use space, 60% being office and co-working spaces and the remainder being leisure, retail and hotel, with an expected value of some €2.5 billion.  The project is expected to be completed in the second half of 2023.

Anthony B Nelson acquires Oslo hotel from Clarksons Platou 

Norwegian property manager Anthony B Nelson AS has acquired a 47-room hotel located at Kongens Gate 7 in central Oslo from a fund controlled by the investment arm of Norwegian shipbrokers Clarksons Platou.  The hotel, which was last renovated in 2012, is spread over 3,000 sqm.  Clarksons Platou acquired the property in 2018 from local institutional investors Ragde Eiendom AS.  The property is currently on a five year lease to Saga Hotel Oslo Central that expires in 2023.


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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]

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