Latest news with #hotelacquisition
Hospitality Net
3 days ago
- Business
- Hospitality Net
Europe Hotel Transactions Bulletin - Week Ending 30 May 2025
Genefim, the real estate investment arm of the French bank Société Générale, has acquired the four-star, 319-room Exe Rey Don Jaime hotel in Valencia, Spain, from Spanish real estate investment trust Atom Hoteles SOCIMI for €50 million (€156,700 per room). The property is situated midway between Valencia's old town and marina, by the Turia Gardens and the City of Arts and Sciences. The hotel includes a restaurant, bar, ten meeting rooms and a rooftop pool. Spanish operator Eurostars will continue to operate the hotel under its Exe Hotels brand. Yoomata Aldgate Property, a joint venture between French real estate firms Euragone Investment Management and Mata Capital, has acquired the three-star, 180-room Corner London City Hotel, UK, along with a plot of undeveloped land, from British real estate investment trust Great Portland Estates for £42 million. The hotel is located in East London's Whitechapel district, and includes a restaurant, bar and three meeting rooms. Yoomata reportedly plans to redevelop the site and eventually operate it under the Yooma Urban Lodge brand. Select Group acquires Old Thorns Hotel & Resort in Liphook, UK Dubai-based real estate investment firm Select Group has acquired the four-star, 150-room Old Thorns Hotel & Resort in Liphook, UK. The property was previously owned by Zhang Zhenxin, the founder of financial services conglomerate China UCF Group, who died in 2019 leaving UCF under a massive debt burden. UCF acquired Old Thorns in 2013 from the Shaw family who remained as operator of the resort. Situated in Hampshire, approximately 80 kms southwest of London, the resort sits within 317 acres of land and also includes 51 self-catering apartments, an 18-hole championship golf course, a restaurant, three bars and eight meeting rooms. Select Group plans to further invest in the resort. H10 Hotels acquires Juliana Hotel Paris from Éric Cleton Spanish owner-operator H10 Hotels has acquired the five-star, 40-room Juliana Hotel Paris from French hotelier Éric Cleton. Originally opened in 2015, the property is situated in Paris's 7th district, close to the Eiffel Tower. The hotel includes a restaurant, rooftop bar, and spa. It will be rebranded as The One Alma Paris, becoming the third property in the The One by H10 Hotels portfolio. Sampension, AKF & Comwell Hotels acquire Comwell H.C. Andersen Odense Danish pension fund manager Sampension, together with Danish real estate investment company AKF and Danish operator Comwell Hotels, has acquired the four-star, 157-room Comwell H.C. Andersen Odense Dolce by Wyndham in Odense, the third largest city in Denmark. The hotel is situated in the city centre, close to the central train station, and includes a restaurant, 24 meeting rooms and a casino. Comwell Hotels will continue operating the hotel.
BreakingNews.ie
3 days ago
- Business
- BreakingNews.ie
Consortium makes €1.3bn bid for Ireland's largest hotel group Dalata
A consortium consisting of property owners Pandox AB and Eiendomsspar AS have proposed to buy Ireland's largest hotel group Dalata for €1.3 billion. The proposal comprises a cash offer of €6.05 per ordinary share of Dalata, representing a premium of about 5 per cent to the firm's closing price on Monday. Advertisement Eiendomsspar currently holds about 8.8 per cent of Dalata's issued ordinary shares, making it the second largest shareholder in the Irish hotel group. The offer comes after Dalata launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. Dalata operates 55 hotels under the Maldron and Clayton brands, with most located in Ireland and the United Kingdom. The consortium has until July 15th to make a formal offer for Dalata or walk away, under British takeover rules.
Bloomberg
3 days ago
- Business
- Bloomberg
Pandox, Eiendomsspar Bid €1.3 Billion for Dalata Hotel Group
A consortium including Pandox AB and Eiendomsspar AS has submitted a non-binding bid to buy Dublin-based Dalata Hotel Group Plc for €6.05 a share. The bid values the company at €1.3 billion ($1.5 billion) and represents a 27.1% premium to Dalata's share price before it announced a sale process in March, according to a statement Tuesday. Eiendomsspar already owns about 8.8% of Dalata's shares.
Reuters
3 days ago
- Business
- Reuters
Pandox consortium proposes to buy Ireland's Dalata Hotel for $1.48 billion
June 3 (Reuters) - A consortium consisting of property owners Pandox AB ( opens new tab and Eiendomsspar AS have proposed to buy Ireland's largest hotel group Dalata (DHG.I), opens new tab for 1.3-billion-euro ($1.48 billion). The proposal comprises a cash offer of 6.05 euros per ordinary share of Dalata, representing a premium of about 5% to the Irish firm's closing price on Monday. Eiendomsspar currently holds about 8.8% of Dalata's issued ordinary shares, making it the second largest shareholder in the Irish hotel group. The offer comes after Ireland's largest hotel group, Dalata, launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. Dalata operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, with most located in Ireland and the United Kingdom. The consortium has until July 15 to make a formal offer for Dalata or walk away, under British takeover rules. ($1 = 0.8755 euros)
Hospitality Net
29-05-2025
- Business
- Hospitality Net
Europe Hotel Transactions Bulletin - Week Ending 23 May 2025
RFR sells The Jaffa Hotel, Tel Aviv in Israel Real estate investment company RFR, led by German American billionaire Aby Rosen, has announced the sale of the five-star, 120-room The Jaffa Hotel, Tel Aviv, Israel for $123 million ($1.03 million per room), which is equivalent to approximately €108.6 million (€905,000 per room). The property is situated in the Jaffa district of Tel Aviv, within walking distance of the beach. The hotel includes two restaurants, a bar and pool and is part of the Fattal Limited Edition luxury collection. RFR originally acquired the site in 2006, developed the hotel, and opened it in 2018. Iroko Zen SCPI acquires Premier Inn Newcastle Quayside, UK French institutional investor Iroko Zen SCPI has acquired the three-star, 152-room Premier Inn Newcastle Quayside, for €16.95 million. The price represents €112,000 per room, although including two retail units within the 10,460 sqm building, one of which is leased to Costa Coffee. The hotel is situated next to the Tyne bridge by the River Tyne and includes a restaurant. The acquisition comes less than two months after Iroko Zen SCPI acquired the 125-room Premier Inn Sunderland City Centre hotel, also located in the north of England. Fattal Hotels, the parent company of Leonardo Hotels, has acquired the four-star, 230-room Leonardo Hotel London Heathrow Airport, from UK real estate investment firm Aprirose. The property was brought to market during the second half of 2024 at a guide price of £30 million (£130,400 per room). The hotel has been operated by Leonardo under a lease with some 14 years remaining, with an annual rent of some £1.7 million and a tenant break option from 2026. The property is situated a five-minute drive from Heathrow Terminals 2 and 3 and includes a restaurant, bar and 15 meeting rooms. Aprirose originally acquired the hotel in 2015, and Leonardo Hotels completed a refurbishment of the property in 2019. Summer Hotels Group acquires Hotel Royalmar in Cagnes-sur-Mer, France French owner-operator Summer Hotels Group has acquired the four-star, 41-room Hotel Royalmar in Cagnes-sur-Mer, France. The property, situated by the city's beachfront, is just a 15-minute drive from Nice Côte d'Azur Airport. A new restaurant is scheduled to open in June 2025, and the purchaser plans to renovate the hotel's rooms and public areas. With this acquisition, the Summer Hotels now owns ten hotels along the southern coast of France. Foremost Hospitality acquires former Senats Hotel in Cologne German hotel developer and operator Foremost Hospitality has acquired the former three-star, 59-room Senats Hotel in Cologne, Germany, out of administration. Located in central Cologne, a two-minute walk from the Cologne Cathedral, the property was originally part of a large-scale redevelopment project, and was intended to be repositioned as a Radisson Red Hotel. Foremost will now continue the redevelopment and plans to reopen the hotel in 2027 under an international brand. The company already operates eight hotels across Germany, of which six are branded Hampton by Hilton, with the other two being Hilton Garden Inns. TF Holding acquires Hôtel Caron de Beaumarchais Paris Marais French real estate investor TF Holding has acquired the three-star, 19-room Hôtel Caron de Beaumarchais Paris Marais in France from a private party. The property is situated in Paris' 4th district, a ten-minute walk from the Notre-Dame Cathedral. French operator Figestel will manage the hotel, adding it to its portfolio of nine other properties in Paris.
