HVS Europe Hotel Transactions Newsletter

Schroders acquires two Hoxton hotels in Amsterdam and Paris from Sharan Pasricha

London-based investment manager Schroders has completed the acquisition of the 172-room The Hoxton, Paris, and the 111-room The Hoxton, Amsterdam, from entrepreneur Sharan Pasricha, founder and co-CEO of Ennismore, for $260 million euros (919,000 euros). per room). The two lifestyle properties, neither of which have suites, will remain under the management of Ennismore, which entered into a joint venture with Accor in 2021 to operate all of Accor’s lifestyle brands in addition to the Hoxton and Gleneagles of Pasricha. Founded in London in 2006, the Hoxton brand currently has 13 operating properties across the US and Europe, including four in London. Highgate agrees to acquire Viceroy Hotels & Resorts US-based hotel owner and operator, luxury lifestyle hotel group Viceroy Hotels & Resorts, and its Icon Collection, Lifestyle Series and Urban Retreats brands, for an undisclosed price. The deal is expected to close in early 2023. Viceroy has a total of 10 properties in operation, with six hotels and resorts in the US, two in Mexico, one in St. Lucia, one in Serbia, and two more in the pipeline. , with Portugal. (the Algarve) in 2023 and Panama (Bocas del Toro) in 2024. Founded in 1988 by brothers Mahmood and Mehdi Khimji, Highgate now has more than 500 owned and/or managed properties (84,000 rooms) in the US. , Europe, Latin America United States and the Caribbean, after completing its acquisition for $2.7 billion of six hotel portfolios from Colony Capital in 2021, with a total of 22,676 rooms in 197 properties.

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Deka agrees to acquire future Premier Inn at Newmarket Yards in Dublin

A fund owned by German real estate firm Deka Immobilien Investment has made a future commitment of €36 million (€238,000 per room) for a future 151-room Premier Inn hotel in the Liberties district of Dublin city center , due for delivery in 2023. The property, which also includes three commercial units, will be leased on a long-term basis to Premier Inn. The complex will form part of Newmarket Yards, a new mixed-use development in the Irish capital, which will also include 413 residential units, related services and extensive public areas. The development is being delivered by Carey Issuer DAC, a subsidiary of Bain Capital.

Watergate Bay Hotel acquires Sands Resort in Newquay, UK

Hotelier Nicholas Malcolm, who is retiring, has sold his Sands Resort in Newquay in Cornwall, in south-west England, to the owners of the nearby Watergate Bay Hotel, for an undisclosed sum. The spa, first opened in the 1970s as Cornwall’s first purpose-built family resort, includes wellness facilities with an indoor and outdoor swimming pool, tennis and basketball courts, a football pitch, playgrounds, entertainment for children, a bar, lounge and restaurant. The new owners intend to create the “UK’s first coastal lifestyle aparthotel”, which will operate under their Beach Retreats brand. Work on the 72-bed property will begin sometime in 2023, with plans including 24 new accommodations on the 11-acre site.

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