HVS Europe Hotel Transactions Bulletin - Week Ending 06 June 2025
German conglomerate The Schoeller Group has acquired the Upper West tower in Berlin, Germany, from Austrian real estate developer Signa Prime Selection AG, for an amount reported to be some €450 million. The 55,000 sqm, 33-level tower includes the three-star, 582-room Motel One Berlin: Upper West, 21,850 sqm of office space and retail units on the ground and first floors. The tower is adjacent to west Berlin's Kurfürstendamm avenue, between the luxury shopping mall KaDeWe and the Berlin Zoological Garden. Motel One occupies 19 of the 33 floors in the tower and the hotel includes a breakfast restaurant and a panorama bar. The building is DGNB Gold & LEED Platinum certified.
Victoria Hotels & Resorts sells two Innside by Meliá hotels in Spain
Victoria Hotels & Resorts - a joint venture initiated by Spanish bank Bankinter Investment, real estate investment firm GMA Capital, and hotel operator Meliá Hotels International - has sold two properties in Spain for a combined price of €74 million (€203,300 per room). The four-star, 262-room Innside by Meliá Palma Bosque in Palma, the capital of the island of Majorca, was acquired by a newly created company formed by Meliá and Spanish investment bank Banca March, while the four-star, 102-room Innside by Meliá Zaragoza was sold to a private investor. The city of Zaragoza is situated in the north-east of Spain, roughly halfway between Madrid and Barcelona. The sales result from call options extended to Meliá when the investment vehicle was launched in June 2021.
Extendam and Sohoma acquire Hôtel Les Théâtres in Paris
French private equity firm Extendam, together with local operating partner Sohoma, have acquired the four-star, 38-room Hôtel Les Théâtres in Paris, France. The property is situated in the 2nd district of Paris, some 20-minutes' walk north of the Pompidou and Louvre museums. The hotel includes a breakfast restaurant, bar and hammam. It will undergo a six-month renovation starting in autumn 2026, including general upgrades and energy efficiency improvements. Afterwards, the hotel will join Sohoma's Orso Hotels collection.
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