Europe Hotel Transactions Bulletin - Week Ending 20 November 2020 (November 20, 2020)

MHL Hotel Collection sells the Beacon Hotel in Dublin 

MHL Hotel Collection, owned my US billionare John Malone and Irish partners John Lally and Paul Higgins, have confirmed that they are selling the 88-room Beacon Hotel in South Dublin to the neighbouring Beacon Hospital.  The sale was prompted by an unsolicited approach by the Beacon Hospital’s owner, Michael Cullen, and was accepted by MHL given the hotel’s non-strategic status in the MHL portfolio. The hotel is set to be integrated into the Beacon Hospital, further solidifying its status as Dublin’s largest private hospital and growing its operations significantly. The Beacon Hospital’s total investment, including the acquisition of the hotel, is reported to be approximately €75 million.
Extendam and Catella acquire the Holiday Inn Paris - Porte de Clichy 

The Holiday Inn Paris - Porte de Clichy has been acquired by a joint venture between French private equity firm Extendam and asset managers Catella Hospitality Europe. The 262-room hotel, which was acquired from a Swiss family office, is the largest Holiday Inn in France. The hotel will continue to be operated under a franchise agreement, and is set to undergo a major renovation.
Lansdown Grove Hotel in Bath, UK acquired by Axcel Hospitality 

The Lansdown Grove Hotel in Bath, England has been sold off a guide price of £8 million (£182,000 per room) to owner operator Axcel Hospitality. The 61-room hotel was sold out of administration, with its previous owners The Specialist Leisure Group (formerly known as Shearings Leisure Group) having entered administration earlier this year. The deal represents Axcel’s second transaction in Bath following the acquisition of the 65-room Henriette House last year.
 
Asmund Haare sells Hotel Grims Grenka in Oslo to Realkapital Hotell 

Norwegian hotel owner operator Asmund Haare has sold his 65-room Grims Grenka hotel in Oslo, Norway, to another local owner operator, Realkapital Hotell. The hotel was previously managed under Haare’s First Hotels brand, and will be rebranded under the new ownership. Realkapital Hotell plans to close the hotel for renovation, with a likely reopening during the course of 2021.
 
Tschuggen Hotel Group acquires the Hotel Asora in Switzerland 

Swiss leisure hotel owner operator Tschuggen Hotel Group has acquired the 37-room Hotel Asora in Arosa, within the Swiss ski region of Arosa-Lenzerheide.  The hotel was operated by its previous owners, Switzerland-based ZFV Group, until the 2019/20 winter season. Tschuggen Hotel Group also owns the Tschuggen Grand Hotel in Arosa, and plans to use the Hotel Asora as staff accommodation in the upcoming winter season, and to then to further develop it within the coming years
Altapura Hotel in Val Thorens, France, sold to Eoden 

French family run hotel operator the Sibuet Group has sold the 88-room Altapura hotel in the French ski region of Val Thorens, to Montpellier-based family office Eoden. Located at an altitude of 2,300 metres, the Altapura is one of the highest altitude 5-star hotels in Europe and offer ski-in ski-out access to guests.
 
The Lindum hotel in Lytham St Annes, UK, sold to The Inn Collection 

UK pub and hotel owner The Inn Collection has acquired the 88-room Lindum hotel in the English seaside town of Lytham St Annes in Lancashire, from Lindum Yates, a UK hotel operator owned by Dan Yates. The Inn Collection, which us backed by UK private equity firm Alchemy Partners, has also acquired the Black Swan hotel in Helmsley, North Yorkshire and three hotels in Cumbria earlier this year.
 
 

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