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HVS Europe Lodge Transactions Bulletin Week Ending 17 November 2023

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Hilton London Hyde Park - Exterior
  Aroundtown sells Hilton London Hyde Park to Dubai household workplace

A abstract of European resort transactions offered by HVS


HVS;

Aroundtown sells Hilton London Hyde Park to Dubai household workplace

German actual property firm Aroundtown SA has bought the four-star Hilton Hyde Park in London, UK, for a reported value near £50 million (£368,000 per room), to an undisclosed household workplace from Dubai. The 136-room property sits on a 0.47-acre web site reverse the north-western nook of Hyde Park in Bayswater, near the Queensway underground station, with rooms overlooking the park. The resort is operated by Hilton underneath a lease settlement till 2031. The brand new homeowners are reportedly contemplating changing the positioning into residential flats on the finish of the lease.

KE Resorts acquires the Vacation Inn London – Luton Airport

Led by Anil Khanna, London-based resort owner-operator KE Resorts has acquired the three-star, 124-room Vacation Inn London – Luton Airport for an undisclosed sum, from a consortium of personal buyers. The freehold resort additionally has two assembly rooms, a health centre and on-site parking, and is situated inside 10 minutes’ stroll from the Luton Airport passenger terminal. The property is operated underneath a franchise settlement with InterContinental Resorts Group underneath its Vacation Inn model. This acquisition will increase KE Resorts’ portfolio to 4 motels, together with the Moxy Manchester, Linton Lodge Oxford and Lodge Indigo Newcastle. The acquisition was funded by British Metro Financial institution.

Grupotel acquires the Lodge Membership Cala Marsal in Mallorca from the Catalá household

Spanish resort chain Grupotel Resorts & Resorts has acquired the four-star, 347-room Lodge Membership Cala Marsal resort in Mallorca, Spain, from the Catalá household, for an undisclosed sum. The beachfront property is situated on the japanese facet of the island, lower than an hour’s drive from Palma de Mallorca Airport. Grupotel, owned by the Ramis household, now holds a portfolio of 25 motels in Mallorca, making it the third-largest chain on the island, with one other 22 properties situated in Menorca, Ibiza, Barcelona, Gran Canaria and Lanzarote, totalling 9,245 rooms throughout its portfolio. The Lodge Membership Cala Marsal is about to bear an in depth renovation in the course of the 2024-2025 winter season.

Bryan Meehan acquires Park Lodge Kenmare in Eire from the Brennan brothers

California-based Irish businessman Bryan Meehan has acquired the five-star, 46-room Park Lodge in Kenmare, Eire, from the Brennan brothers and investor Fergal Naughton. The transaction value was not disclosed, however the property was delivered to market earlier in 2023 with a €17 million (€370,000 per room) information value. The property is situated on Eire’s south-west coast, a four-hour drive from Dublin, overlooking Kenmare Bay. The posh resort has 5 F&B retailers, two swimming pools, a personal cinema and a spa. Mr. Meeran is the founder, amongst different entrepreneurial ventures, of Blue Bottle Espresso. Francis Brennan acquired the property in 1986 out of administration and the brothers have been working it since, with Fergal Naughton, Chief Government at electrical items firm GlenDimplex, as a co-investor since 2017.

ECS acquires B&B HOTEL Lisboa Montijo in Portugal from Sunny and Casais JV

Portuguese non-public funding agency ECS Capital has acquired the 112-room B&B HOTEL Lisboa Montijo in Lisbon, Portugal, from a three way partnership between Spain’s Sunny Actual Property Group and Portuguese development firm Casais, for an undisclosed sum. The resort is at present leased to French group B&B Resorts, which operates over 720 economic system motels in 15 nations. The topic property is situated on the northern coast of the Setúbal peninsula. ECS Capital was acquired in 2022 by a consortium led by funding funds suggested by Davidson Kempner Capital Administration, for a reported €850 million and included 18 motels, three golf programs, residential properties and land to develop.

Seneca acquires the Premier Inn Preston Central resort in Preston, UK, from Aegon

British actual property funding agency Seneca Property has acquired the freehold of the three-star, 140-room Premier Inn Preston Central resort in Preston, UK, from Aegon AM, for an undisclosed sum. The resort was put in the marketplace over a 12 months in the past for £8.7 million (£62,000 per room). The property is situated 500 metres from the Preston railway station within the metropolis centre, and was constructed in 2011 at a reported value of some £23 million. Premier Inn signed a 25-year lease that 12 months, and the resort chain accounts for 91% of the property’s whole earnings, producing £725,000 in annual hire. The property additionally homes two retail shops. Seneca Property oversees a portfolio of 16 belongings all through the UK, starting from industrial websites and workplace areas to retail properties.

HVS is the world’s main consulting and valuation providers group centered on the resort, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the corporate performs greater than 4,500 assignments per 12 months for just about each main business participant. HVS principals are considered the main professionals of their respective areas of the globe. By means of a worldwide community of over 50 places of work staffed by 300 skilled business professionals, HVS gives an unparalleled vary of complementary providers for the hospitality business. For additional info relating to our experience and specifics about our providers, please go to www.hvs.com.

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