Europe Hotel Transactions Bulletin - Week Ending 11 May 2018 (May 11, 2018)

 

Action Required - See Below | Our Newsletters are about to Get Regional!
 

ADIA and Park Hotels & Resorts Sell Hilton Berlin for €310 million 

Park Hotels & Resorts and its joint venture partner the Abu Dhabi Investment Authority (ADIA) have signed an agreement to sell the 601-room Hilton Berlin for €310 million (€508,000 per room). Park Hotels & Resorts, which owned 40% of the property, stated in its Q1 earnings call that they intend to redistribute the proceeds of the sale to their shareholders in the form of a $80-90 million special dividend later this year. The deal, which is expected to close later this month is still subject to local regulatory approvals.
DFV Acquires Novum Hotel Belmondo, Hamburg 

DFV Deutsche Fondsvermögen, part of the IMMAC group, has acquired the 107-room Novum Hotel Belmondo in Hamburg, Germany from Brack Capital. The hotel is operated by Novum Hospitality under a long-term lease contract, and is expected to undergo a refurbishment post-acquisition.   
Our Newsletters are about to Get Regional! 

HVS is updating its e-news service to make sure we can continue to deliver the most timely, focused and insightful updates and opinions in the Hospitality Industry to all our subscribers.
Our European Hotel Transactions Bulletin, launched earlier this year, will keep you informed on the market's key players and transactions, providing you a weekly update on the hotel investment market.

We are also excited to announce that we are launching three new Regional Newsletters:
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