Hotel industry and travel news from around Europe and the Middle East & African regions: TUI acquires stake in Karisma Hotels Adriatic from Fortenova, Les Hôtels d’en Haut acquires three hotels in France and more...

Les Hôtels d’en Haut acquires three hotels in France from Édouard Loubet
French luxury operator Les Hôtels d’en Haut (HEH), which is owned by private equity firm KSL, has acquired three hotels in Luberon, France from French chef Édouard Loubet. The hotels – Domaine de Capelongue, Le Moulin de Lourmarin and Le Galinier de Lourmarin – comprise 64 rooms, bringing HEH’s portfolio to a total of eight hotels, with 309 rooms and 11 restaurants, three of which have Michelin stars. HEH intends to expand further into the high-end European leisure market in the future.

BKV acquires two hotels in Heidelberg, Germany from GBI AG
German institutional investor BKV has acquired a two-property portfolio in Heidelberg, Germany from German developer GBI AG through its hotel fund, as a forward sale. The 162-room Adagio Aparthotel Heidelberg and the 198-room IntercityHotel Heidelberg are slated to be completed by Autumn 2022. Both properties sit adjacent to the city’s main train station, providing strong brand coverage in a prime location.

TUI acquires stake in Karisma Hotels Adriatic from Fortenova
Croatia’s Fortenova Group, the successor of the collapsed Agrokor, has agreed to sell its minority stake in its local tourism holding company, Karisma Hotels Adriatic (KHA), to global tour operator TUI AG. TUI, which currently owns shares in KHA, will acquire 589 rooms in Croatia, including the TUI BLUE Makarska, the TUI BLUE Adriatic Beach and the TUI BLUE Kalamota Island. Fortenova has been divesting non-core operations since 2018.

AJ Capital Partners acquires Marine Hotel in Troon, Scotland
US private real estate company Adventurous Journeys (AJ) Capital Partners has acquired the 89-room Marine Hotel in Troon, Scotland from a UK-based JV composed of owner-operator Cannock Group, developer and manager Hetherley Capital Partners and investment manager Stellar Asset Management. The acquisition is AJ Capital’s third Scottish golf property. In 2021, they plan to launch the Marine & Lawn brand, a collection of high-end golf resorts.

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