Europe Hotel Transactions Bulletin - Week Ending 10 August 2018 (August 11, 2018)

HNA sells stake in Radisson Hospitality AB to Jin Jiang 

Chinese Hospitality group Jin Jiang has announced that it will buy a 51.5% stake in Radisson Hospitality AB from HNA Group in a deal that values the company at $671 million ($3.89 per share). The transaction is expected to close at the end of this year and as part of the deal, Jin Jiang will also acquire up to an additional 18.5% stake in Radisson from HNA’s Swedish unit. HNA has already disposed of about $17 billion in non-core assets since late last year, including high-profile deals such as the sale of its $6.5 billion stake in Hilton Worldwide, having come under political and financial pressures.

Westmont buys Hilton Dublin Airport from Emerald Investment Partners and Windward  

Westmont Hospitality has acquired the 166-room Hilton Dublin Airport from a joint venture between London-based Emerald Investment Partners and Windward Management for €22.5 million (€135,500 per room). The acquisition represents Westmont’s re-entry into the Irish market following its exit from the Jurys Inn portfolio in 2015.

BNP Paribas REIM acquires 3 Ibis hotels in Germany 

BNP Paribas REIM has acquired a portfolio of three Ibis properties in Munich, for its Opus Real and OPCI Diversipierre funds, through a sale-and-lease-back transaction. The portfolio comprises the 167-room Ibis City-East, the 133-room Ibis City-South and the 110-room Ibis Munich Airport, all with a new, 20-year lease agreement with the seller.

Harbour Hotels buys two hotels from Richardson Hotels 

UK-based Harbour Hotels has acquired two hotels out of administration from Richardson Hotels, the 37-room Fowey Hotel and the 58-room Metropole Hotel in Padstow on Southern England’s Cornish seaside. The acquisition will take Harbour Hotels’ UK portfolio up to 13 hotels. The two properties will undergo extensive renovation and reopen during 2019.

AccorHotels to take 85% stake in 21c Museum Hotels 

AcccorHotels has agreed to acquire an 85% stake in the US-based boutique hotel group 21c Museum Hotels for $51 million. All eight existing and three 21c Museum hotels under development will join AccorHotel’s MGallery brand, marking the introduction of the brand in North America. The founders of 21c Museum Hotels, Laura Lee Brown and Steve Wilson, will retain the remaining 15% stake and will continue to be closely involved.

Bansal Family acquires The Langstone Hotel from BDL 

The 148-room Langstone Hotel has been bought by the Bansal Family, owner of the Lion Quays Hotel and Spa in Shropshire, from the BDL Select Hotel Group. The hotel, located on Hayling Island near Portsmouth, was the last remaining property from BDL Select Group’s six strong portfolio comprising 569 rooms.


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]
Arlett Hoff, Director – HVS London [email protected]
Sophie Perret, Director – HVS London [email protected]
Simon Tucker-Brown, Managing Director – HVS Executive Search EMEA [email protected]
Demetris Spanos, Managing Director – HVS Athens [email protected]
Ezio Poinelli, Director – HVS Milan [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.

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

Copyrights © 2018 All Rights Reserved by HVS
Privacy Policy

Sent By: Tanya Lees
HVS | Office Manager
7-10 Chandos Street, Cavendish Square | London, W1G 9DQ