Hotel news and transactions from around the European region: Fattal to acquire six Spanish Balearic Island hotels from KKR, RIMC acquires Radisson Blu Cottbus and more...

Fattal to acquire six Spanish Balearic Island hotels from KKR
Israel’s largest hospitality organisation, The Fattal Group, has agreed to buy six hotels (two of them aparthotels) in the Balearic Islands, from investment firm KKR and Spanish asset manager Dunas Capital for a total value of €165 million (€147,000 per room), with the deal due to be completed by the end of the year. The six properties, three in Ibiza and three in Mallorca, comprise 1,119 rooms and include the Alua Hawaii Ibiza (209 rooms), Alua Miami Ibiza (360 rooms), AluaSun Miami Ibiza Aparthotel (82 apartments), Alua Hawaii Mallorca (230 rooms), Alua Hawaii Mallorca Suites (68 apartments) and Alua Palmanova Bay (170 rooms). The acquisition is a joint venture with investors Menorah, Harel and Leumi, and, after a further investment of around 20 million euros, the properties will be rebranded under one of Fattal’s in-house brands: Leonardo, Leonardo Royal or NYX.

Select Group acquires The Mere Golf Resort & Spa in England
Dubai-based property developer Select Group has announced the acquisition of The Mere Golf Resort & Spa, located in the north of England, midway between Cheshire and Manchester. The hotel, which currently features 81 rooms, meeting space, a spa and a championship golf course, is expected to be renovated and repositioned into the luxury segment. Select Group intends to expand the property, adding additional facilities and guest rooms.

RIMC acquires Radisson Blu Cottbus in Germany
Germany-based operator RIMC Hotels & Resorts Group has acquired the 236-room Radisson Blu Cottbus in Germany from its landlord. The property, located between Berlin and Dresden and close to the Polish border, was previously managed by RIMC on a lease from the undisclosed seller with a franchise agreement with Radisson. The hotel is located directly opposite the main train station and features seven conference rooms, a pool and wellness area as well as two dining outlets.

IMMAC acquires Holiday Inn Express Kaiserslautern in Germany from Ten Brinke Bouw
Germany-based social investor IMMAC Group has acquired the 146-room Holiday Inn Express Kaiserslautern in the south-west of Germany, from developer Ten Brinke Bouw, for a reported €18.6 million (€127,000 per room). Located 120 kilometres south of Frankfurt and 70 kilometres from the French border, Kaiserslautern benefits from hosting extensive NATO facilities and personnel.

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