Commerz Real sells two Accor-branded hotels in Munich to LaSalle 

Commerzbank’s real estate division, Commerz Real, on behalf of their real estate fund Hausinvest, is selling two hotels in Munich to Chicago-based real estate investment manager LaSalle Investment Management for their pan-European fund Encore+. The 162-room Ibis Budget München City Olympiapark and the 160-room Adagio Access München City Olympiapark hotels are located in the Munich Olympia park and were constructed in 2014. Munich Olympia park is currently one of the city’s fastest developing micro locations.

HIP acquires five-star spa resort in the Algarve, Portugal from Oxy Capital 

Blackstone’s Spanish hotel investment platform Hotel Investment Partners (HIP) has acquired the five-star Lake Spa Resort in Vilamoura, Portugal, from Portuguese private equity firm Oxy Capital. The 192-room luxury hotel is situated in the Algarve, just off the popular Falésia beach. HIP intends to re-brand the property post-acquisition, which marks HIP’s first investment in Portugal.

Reuben Brothers acquire La Residence hotel on Mykonos island 

UK-based private equity group Reuben Brothers have acquired the La Residence hotel in Kalafatis Bay on Mykonos Island, Greece, for an undisclosed sum. The high-end boutique hotel currently comprises 25 luxury suites, five swimming pools, a spa, restaurant and bar, and is set to undergo a refurbishment at the end of the summer 2020. Only two weeks ago Reuben Brothers announced their acquisition of the Hotel Pacha Ibiza as part of a JV with Pacha Group.

Extendam and MyHotels acquire Ibis Styles Paris – Marie de Montreuil 

French private equity firm Extendam, together with their development partner MyHotels, have signed their eleventh joint operation by acquiring the Ibis Styles Paris – Marie de Montreuil. The 96-room three-star hotel is situated in the centre of Montreuil, around eight kilometres east of the Notre Dame Cathedral.

Catalonia Hotels buys the NH La Maquinista Hotel in Barcelona from Grupo Edificios Onix 

Spanish group Catalonia Hotels & Resorts is acquiring the former NH La Maquinista hotel in Barcelona from Grupo Edificios Onix for a reported €11.5 million (€125,000 per room). The 92-room property is located next to the La Maquinista shopping centre in the “El Bon Pastor” district, northeast of the city centre. The hotel, which has been operated by NH Hotel Group for the last ten years, will now be managed by the incoming buyer and branded under their Catalonia Hotels flag. Catalonia already operates 26 three- to four-star hotels in Barcelona, totalling 5,700 beds.
 

H.I.G. Capital completes investment in Portopiccolo luxury Italian resort complex near Trieste 

An affiliate of Miami-based private equity group H.I.G. Capital has reportedly completed its majority acquisition of the Portopiccolo, a luxury resort complex near Trieste in the north-east of Italy, from Italian construction company Rizzani de Eccher. The waterfront village includes the 58-room five-star Falisia Luxury Collection Resort & Spa, 203 luxury apartments and 110 marina berths. The investment marks H.I.G. Capital’s tenth real estate venture in Italy.
 

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