Europe Hotel Transactions Bulletin - Week Ending 20 July 2018 (July 21, 2018)

Atom Hoteles / Bankinter acquires three Spanish hotels from Meliá  

The Spanish Atom Hoteles Socimi, on behalf of its parent company, Bankinter, has acquired a portfolio of three hotels from Meliá Hotels International for €73.4 million (€66,000 per room).  With a total of 967 rooms, the portfolio is comprised of the 365-room Melia Sevilla in Seville and two Canary Islands hotels, the 308-room Sol la Palma and the 294-room Sol Fuerteventura Jandia.  Meliá will continue to operate the properties though 5-year rental agreements with options to renew for up to 25 years.

Art-Invest acquires Ibis Styles in Hamburg-Barmbek from Tamm & Voss 

Art-Invest Real Estate has acquired the 188-room Ibis Styles Hotel in Hamburg-Barmbek, Germany from Tamm & Voss Immobilien GmbH.  The property, located near Barmbeker train station and with easy access to Hamburg airport, is subject to a long-term lease agreement with the Success Hotels Group.

LRC acquiring seven UK Doubletree hotels from Oaktree 

LRC Group is acquiring seven Doubletree by Hilton hotels in the U.K. from Oaktree Capital Management.  These properties, totaling over 1,000 rooms, will supplement LRC’s acquisition of the 23-hotel Amaris Hospitality platform purchased from Lone Star earlier this year.  The properties are located in Bristol North, Strathclyde, Southampton, Dartford Bridge, Newbury North, Coventry, and Edinburgh Airport.

 

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