BGAM acquires Hilton Milton Keynes from Starwood Capital 

London-based owner-operator Bowling Green Asset Management (BGAM) has acquired the former 138-room Hilton Milton Keynes, situated 60 miles north-west of London, from Starwood Capital, who had acquired the property in early 2018 from Hilton spin-off Park Hotels & Resorts as part of a seven-hotel portfolio.  Newly named the MK Hotel, the property will be rebadged under a yet-to-be-revealed brand following an agreement with a global hotel company and a 12-month renovation. This acquisition brings BGAM’s portfolio to five properties, all of which are situated in rural UK locations.

Invel and Pangea acquire majority stake in Aphrodite Hills Resort, Cyprus 

Jersey-based Invel Real Estate Management Limited, alongside Greek real estate investment company NBG Pangaea REIC and another undisclosed major institutional investor, have acquired a majority stake in Aphrodite Hills Resort Limited and Aphrodite Springs Public Limited, for a reported €50 million. Covering 580 acres of land, an 18-hole championship golf course and over 750 luxury villas and apartments in combination with other facilities, Aphrodite Hills is one of Cyprus’ most exclusive resorts. The resort also includes the 290-room Aphrodite Hills Hotel by Atlantica. Aphrodite Springs comprises some 150 hectares of land adjacent to Aphrodite Hills Resort and will be developed into a golf course as well as residential and mixed-use properties. The investment partners aim to continue the expansion of the resort and deliver additional housing on the resort.

Dublin Citi Hotel sold to Singaporean investors 

The 27-room Dublin Citi Hotel and the adjoining Trinity Bar, located on Dame Street in the heart of the Temple Bar district, was acquired by Singaporean businessman Dr Stanley Quek and his business partner Peng Loh for a reported €12 million (€444,400 per room). The buyers have previously bought other Irish hotels such as the Trinity Lodge on Frederick Street, Dublin, for €7 million in 2016 as well as the Sheen Falls hotel in Kenmare for €17 million in 2018.

Exe Liberdade Hotel in Lisbon sold to Swiss Life 

A fund managed by Swiss Life, one of the largest life insurance companies in Europe, has acquired the Exe Liberdade hotel in Lisbon from private investment vehicle D. Loulé 112/126 SA. The 163-room hotel is located just off the Marquês de Pombal square, one of the most central and important plazas in the city. The hotel is reported to be operated through a lease with Barcelona-based hotel operator Hotusa.

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