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HVS Europe Resort Transactions Bulletin Week Ending 9 February 2024

  • REAM SGR acquires former Golden Palace Resort in Turin   

A abstract of European lodge transactions offered by HVS

Actual Accommodations acquires Amazonia Resort Group and its 4 inns in Portugal
Portuguese lodge chain Actual Accommodations Group has acquired the Amazonia Resort Group platform, which incorporates 4 inns, all in Portugal, starting from three to 4 stars. Based in 1990, the group’s present properties embrace the Amazonia Estoril Cascais Resort (21 rooms), the Amazonia Jamor Resort (97 rooms), the Amazonia Lisboa Resort (192 rooms) and the Amazonia Palmela Residences (40 flats). The property are all positioned inside the Lisbon Metropolitan Space, with the Amazonia Estoril Cascais Resort positioned on the oceanic coast some 25 km from the centre of Lisbon. The Bernardino Gomes Group, together with subsidiary Actual Accommodations, was acquired in 2020 by ex-Yahoo! COO Henrique de Castro and Eurico Almeida, via Palminvest. With this newest acquisition, Actual Accommodations will now personal 20 inns totalling round 3,000 rooms throughout Portugal.

REAM SGR acquires former Golden Palace Resort in Turin
Italian actual property asset administration agency REAM SGR, via its Geras 2 fund, has acquired the previous five-star, 195-room Golden Palace Resort in Turin, Italy, for a reported €36 million (€185,000 per room). The centrally-located lodge includes six flooring which span some 20,000 sqm. Initially an workplace constructing, the lodge opened for the Winter Olympics in 2006, following a €60 million conversion course of. Previous to its closure in 2022, the Golden Palace Resort was owned by Italian lodge group Allegroitalia and since then had fallen into the palms of banks. The Geras 2 fund is predicted to speculate one other €6-7 million right into a complete capital expenditure plan to reposition it right into a reference level for higher upscale inns in Turin. The lodge is predicted to reopen earlier than the November 2024 Turin ATP finals, beneath a lease construction with a global lodge chain. REAM SGR invests in numerous actual property fields, together with however not restricted to residential, healthcare, hospitality and concrete regeneration.

Portuguese group acquires Resort Lago Montargil & Villas in central Portugal
An unnamed Portuguese lodge group has reportedly acquired the five-star, 105-room Resort Lago Montargil & Villas in Montargil, Portugal, from a home financial institution for a reported sum between €15 million and €20 million. Situated at a website about two hours east of Lisbon, the transaction additionally included 11 luxurious villas, in addition to neighbouring land plots on which one other 10 villas will be developed. The property has 5 swimming swimming pools, congress house with a capability for over 500 visitors and 4 F&B shops. In March 2023, KPI Resort Administration Companies, which has a observe file of lodge administration in Portugal, Europe and Africa, was appointed to function the property. The lodge is positioned on the unreal Montargil lake, which was shaped from the creation of the Montargil dam of the Sor River.

12.18. and associate purchase the Membership Santa Ponsa lodge in Mallorca, Spain
German lodge group 12.18. Funding Administration, in partnership with a global funding fund, has acquired the three-star, 142-room Membership Santa Ponsa in Mallorca, Spain, for an undisclosed quantity. The property is positioned some 200 metres from the seaside and is predicted to be totally redeveloped into an unique resort in partnership with native Puro Group, which can oversee the reopening of the lodge and its administration. Puro Group at present operates six seaside golf equipment in Spain, Portugal and Italy beneath its Purobeach model. 12.18. holds round 10 inns in its portfolio, together with the 7Pines resorts in Ibiza and Sardinia, the Prime Resort Hochgurgl in Austria and the Cone Membership in Sardinia.

HotelsProperties acquires the The Wellington Resort in Dublin
Dublin-based hospitality and administration group HotelsProperties has acquired the not too long ago developed four-star, 38-room Wellington Resort in Dublin, Eire, for €14 million (€368,000 per room), from receiver Kroll Advisory Ltd. The lodge is positioned in Temple Bar, one of many metropolis’s main nightlife and tourism precincts, inside strolling distance of the Dublin fortress, Trinity Faculty and the Christchurch Cathedral. It homes a restaurant and a bar totalling roughly 340 sqm. HotelsProperties, led by Sheila O’Riordan, is a family-owned group energetic in each Eire and the UK and has some 14 inns in its portfolio, together with the five-star Exhibitionist Resort and the four-star Gainsborough Resort in London.

Dalofi acquires Grand Hôtel des Terreaux in Lyon from Bernard household
French lodge group Dalofi has acquired the four-star, 53-room Grand Hôtel des Terreaux in Lyon, France, from the Bernard household, for an undisclosed value. The lodge is positioned in proximity to the Musee des Beaux-Arts and the Vieux-Lyon district, which homes the Saint Jean-Baptiste cathedral. This acquisition marks Dalofi’s fifth operational lodge. Its portfolio now includes 440 rooms distributed throughout Lyon (213 rooms), Marseille (178 rooms) and Paris (49 rooms) beneath each Accor and Hilton franchises. The group at present has one other two pipeline properties in Lyon, particularly the Courtyard by Marriott Lyon and the Hampton by Hilton Saint Exupery Airport, that are anticipated to open in 2024 and 2025 respectively. In 2022, the group recorded a median fee of €137 throughout its then 4 properties, with group revenues of €19 million.

AKF acquires Comwell Koge Strand Resort in Copenhagen
Danish property and improvement firm AKF has acquired the four-star, 127-room Comwell Koge Strand Resort in Koge, about 40 minutes south of Copenhagen, Denmark, from the Aage V. Jensens Basis, for an undisclosed quantity. The lodge options occasion areas for as much as 550 folks, two eating places and a bar. Danish agency Comwell Accommodations will stay because the property’s operator, having been incumbent since 2013. Cromwell Accommodations has 17 properties in its portfolio, with places primarily in Denmark and one in Sweden. The Aage V. Basis focuses on buying, proudly owning, working and preserving pure areas internationally, and this property was its final lodge actual property asset. AKF primarily owns residential and business properties throughout Denmark, and focuses on three core segments: property administration and rental, property improvement and actual property acquisitions via its personal funding fund.

HVS is the world’s main consulting and valuation providers group centered on the lodge, restaurant, shared possession, gaming, and leisure industries. Established in 1980, the corporate performs greater than 4,500 assignments per yr for nearly each main business participant. HVS principals are considered the main professionals of their respective areas of the globe. Via 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 concerning our experience and specifics about our providers, please go to www.hvs.com.

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