Hotel news and transactions from around the European region: Brookfield acquires Generator Hostels, Real IS acquires Barceló Raval in Barcelona from Union Investment and more...

Brookfield acquires Generator Hostels from Queensgate

Global investment firm Brookfield Asset Management has acquired the European platform of budget lifestyle Generator Hostels from London-based private equity firm Queensgate Investments for €776 million. The platform includes 15 assets (2,749 rooms) in 10 countries across key European cities, including London, Paris, Rome, Berlin and Madrid. Following the acquisition, Brookfield plans to drive Generator’s growth through strategic acquisitions and third-party management deals in the hostel sector. Queensgate originally acquired Generator in May 2017 for €440 million, when the platform comprised 12 properties with 1,894 rooms. It since added to the portfolio with four properties in the US through its 2019 acquisition of Freehand Hotels. Those assets are retained by Queensgate.
 
Stig Fische sells Støtvig Hotel in Larkollen, Norway to group of private investors

A group of private investors has acquired the four-star, 91-room Støtvig Hotel in Larkollen, Norway from Norwegian hotelier Stig Fische and family for approximately NOK 500 million (NOK 5.5 million per room), which is equivalent to approximately €43 million (€473,000 per room). The investors include the Varner family, Harald Moræus-Hanssen, Jarle Norman-Hansen, Sigurd E. Thorvildsen and Bård Bjølgerud. The property is situated by the Outer Oslofjord, about an hour's drive south of Oslo. The hotel includes three restaurants, three bars and ten meeting rooms.
 
Épargne Pierre Europe acquires Campanile Duisburg City in Germany from Soravia

Épargne Pierre Europe, a real estate investment fund managed by French real estate investor Atland-Voisin, has acquired the three-star, 169-room Campanile Duisburg City in Germany, from Austrian real estate developer Soravia for €14.5 million (€85,800 per room). Duisburg is a city of some 500,000 people, situated in the state of North Rhine-Westphalia some 30 kms north of Düsseldorf. The property is situated in Duisburg's central old town and includes a bar. The hotel opened in 2020 and is leased to the Louvre Hôtel Group under a 15-year lease with a 5-year extension option.
 
Avila Group acquires Nassauer Hof in Wiesbaden, Germany from Honestis AG

German real estate company Avila Group has entered an agreement to acquire the five-star, 159-room Hotel Nassauer Hof in Wiesbaden, Germany, from German investor Honestis AG. The property is situated in central Wiesbaden, some 30 kms from Frankfurt Airport, across from the casino and state theatre. The hotel includes three restaurants, two bars and nine meeting rooms. Following the acquisition, the Avila Group plans to completely renovate all guest rooms, public areas, and the spa, reducing the room count from 159 to 104 and adding serviced apartments.
 
Azora acquires Ferrer Skyline aparthotel in Menorca, Spain

Spanish real estate investment manager Azora has acquired the four-star, 163-room aparthotel Ferrer Skyline in Menorca, Spain. The property is situated by the beachfront in Ciutadella de Menorca, one of the island’s two largest towns, and includes two swimming pools and a poolside bar. In June 2024, Azora acquired the three-star, 66-room Le Berger and the three-star, 33-room Jardin Secret in Brussels, Belgium. Azora’s portfolio currently consists of 46 hotels (11,600 rooms) throughout Europe and the USA.
 
Dormero acquires MyTirol Hotel in Austria from the Swarovski Family

German owner-operator Dormero Hotels has acquired the three-star, 83-room MyTirol Hotel in Biberwier, Austria, from the Swarovski Family, founders of the famous crystal brand. The ski hotel is situated at the foot of the Zugspitze mountain in Austria’s Tyrol region and includes a swimming pool, cinema and meeting room. Following the acquisition, it now operates as the Dormero BeHo Zugspitze. This marks Dormero’s 56th property and its third hotel in Austria.

Real I.S. acquires Barceló Raval in Barcelona from Union Investment

Real I.S. AG, the real estate arm of Germany's Bayerische Landesbank, has acquired the four-star, 186-room Barceló Raval in Barcelona, Spain, from German fund manager Union Investment. The property was completed in 2008 and is situated in the historic El Raval neighbourhood that forms part of the city’s Old Town, just 500 metres from Las Ramblas and the Gothic Quarter (Barri Gotic). The hotel, leased to Spanish operator Barceló, includes a restaurant, rooftop pool and four meeting rooms. 
 
Corum acquires Martinez Tower Almere in the Netherlands from Trinity Vastgoed

French asset manager Corum, acting on behalf of its Corum Eurion SCPI fund, has acquired the Martinez Tower in Almere, Netherlands, from Dutch real estate developer Trinity Vastgoed for €38.3 million. The transaction includes the four-star, 222-room Plaza Premium Almere hotel, 141 short-stay apartments, a restaurant and 2,351 square meters of office space. The property is centrally located in Almere, adjacent to the main train station, around a 30-minute drive east of Amsterdam. Originally an office building, it was converted in 2018 into a mixed-use complex.
 
Soravia acquires additional 42% of Arlberg Hospiz Hotel in Austria from the Werner family

Austrian real estate developer Soravia took major ownership of the five-star, 88-room Arlberg Hospiz Hotel in St. Christoph am Arlberg, Austria, from Austrian hoteliers the Werner family. After acquiring a 55% stake in 2022, Soravia has now purchased an additional 42%, bringing its total ownership to 97%. The hotel is located in Austria’s Tyrol region, within a ski resort offering direct access to the slopes. It is currently closed, as Soravia undertakes a full-scale renovation of the property. The company has committed €120 million to the project, with completion scheduled for 2026.
 
KFIM acquires Travelodge Slough from Brightbay Real Estate Partners

Knight Frank Investment Management (KFIM) has acquired the two-star, 156-room Travelodge Slough, UK, from British property investor Brightbay Real Estate Partners for £9.54 million (£61,100 per room). The hotel includes a breakfast restaurant and is situated in central Slough, which is located some 30 kms west of central London and 10 kms west of Heathrow airport. The transaction reportedly reflects an initial yield of 6.25%.
 
123 IM and Parallel Hospitality acquire Aiden by Best Western @ Paris Roissy CDG

French real estate management company 123 Investment Managers, together with its operating partner Parallel Hospitality, has acquired the four-star, 120-room Aiden by Best Western @ Paris Roissy CDG in Roissy-en-France, France. The property is situated close to Paris Charles de Gaulle Airport and includes a restaurant. The hotel underwent renovations between 2021 and 2023. 

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