Europe Hotel Transactions Bulletin - Week Ending 12 March 2021 (March 12, 2021)

Conren Land acquires Villa Kennedy in Frankfurt from DIC 

German investment firm Conren Land AG has acquired the 163-room Villa Kennedy hotel in Frankfurt for a reported €95 million (€523,000 per room) from GEG German Estate Group.  GEG is a subsidiary of DIC Asset AG, one of Germany’s largest listed property companies.  GEG originally acquired the asset in 2015 for a reported €80.9 million (€496,000 per room).  The hotel is leased to luxury operator Rocco Forte until 2024.

Eternam and Atypio aquire three French hotels from 123 IM 

French real estate investors Eternam and operator Atypio Group have acquired a portfolio of three French hotels with 207 rooms for a reported €15 million (€72,000 per room) from French investment managers 123 IM. The full-service properties include the 76-room Mercure Tours Sud in Joue-les-Tours, the 76-room Hotel Campanile Lille and the 55-room Hotel Campanile Montesson. The assets will be operated by Atypio.

Extendem acquires two hotels outside of Paris 

French private equity firm Extendam has acquired a portfolio of two hotels with 305 rooms in Noisy-le-Grand outside of Paris for an undisclosed price.  The off-market transaction was reportedly negotiated throughout 2020, before closing this month.  The portfolio includes the 144-room Novotel Marne-la Vallee and the 161-room Hotel ibis Marne-la-Valle Noisy.  The properties are expected to undergo significant renovation works, with Extendam set to refurbish one quarter of the ibis’s rooms and all of the Novotel’s rooms.

Natsiba acquires Hotel Cortes in Barcelona from Rafael Gonzéalez Bonilla 

Israeli investor group Natsiba has acquired the 44-room Hotel Cortes in Barcelona for €9 million (€205,000 per room) from entrepreneur Rafael González Bonilla.  Natsiba primarily specialize in developing and managing residential and commercial projects, mainly in Israel, but also in Europe.  The Hotel Cortes is expected to be fully refurbished.


For the latest in the hospitality industry, please visit: You are also welcome to contact the following personnel.
Russell Kett, Chairman – HVS London [email protected]
Charles Human, CEO – HVS London/HVS Hodges Ward Elliott [email protected]
Chris Martin, Senior Director – HVS Hodges Ward Elliott [email protected]
Sophie Perret, Senior Director – HVS London [email protected]
Arlett Hoff, Director – HVS London [email protected]
Florian Kittler, Managing Director – HVS Executive Search Europe & Asia Pacific [email protected]
Demetris Spanos, Managing Director – HVS Athens [email protected]
Ezio Poinelli, Director – HVS Milan [email protected]

Superior Results through Unrivaled Hospitality Intelligence. Everywhere.

Copyrights © 2021 All Rights Reserved by HVS
Privacy Policy

Sent By: Tanya Lees
HVS | Office Manager
7-10 Chandos Street, Cavendish Square | London, W1G 9DQ