Europe Hotel Transactions Bulletin - Week Ending 30 August 2019 (August 31, 2019)

Radisson Blu Park Royal Palace, Vienna sold to Echo Fund 

Alternative Investment Fund Manager VIYM has sold the Radisson Blu Park Royal Palace in Vienna to Luxembourg hotel fund Echo Fund for €66 million (€283,000 per room). The 233-room hotel, located directly opposite the Schönbrunn Palace, is leased to hotel operator Austria Trend. HVS Hodges Ward Elliott acted for the seller.

Warimpex and UBM to sell two hotels near Disneyland Paris to International Investor  

Austrian real estate company Warimpex Finanz- und Beteiligungs AG, together with joint-venture partner UBM Development AG, intend to sell the 397-room Vienna House Dream Castle and the 396-room Vienna House Magic Circus, both located near Disneyland Paris, to an unidentified international investor. The Vienna House Magic Circus, developed by the sellers, opened in 2003, and is located near the Vienna House Dream Castle, which was acquired in 2007 and renovated in 2008. 

WertInvest acquires the Hotel Ananas, Vienna from Amisola Immobilien 

Vienna’s largest hotel, the 539-room Ananas Hotel, has been acquired by WertInvest from Amisola Immobilien. The Ananas Hotel, located near Vienna Naschmarkt, will join WertInvest’s 3-hotel portfolio in Vienna comprising the Hotel InterContinental am Stadtpark, the Kummer Hotel, currently closed and to reopen as the Hotel Motto, and the 25hours hotel.

Reid Family sells the Glasson Country House in Ireland to Oakmount 

Paddy McKillen Jnr's investment vehicle Oakmount has acquired the 65-room Glasson Country House Hotel & Golf Club in Athlone, central Ireland, for a reported €9 million (€138,000 per room) from the Reid Family. The Hotel will be operated by McKillen’s hospitality group Press Up Entertainment.

 

For the latest in the hospitality industry, please visit: http://www.hvs.com/. 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 ahoff[email protected]
Sophie Perret, 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]

 

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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