Hotel news and transactions from around the European region: Event Hotels acquires 17 hotels in Germany from Blackstone, Bernard Arnault acquires Hôtel Cap-Estel in Èze and more...

Event Hotels acquires 17 hotels in Germany from Blackstone

German owner-operator Event Hotels has acquired a portfolio of 17 Accor-branded hotels (2,021 rooms) in Germany from US private equity group Blackstone. The portfolio comprises 10 Ibis hotels (932 rooms) and 7 Mercure hotels (1,089 rooms). All hotels are situated in Germany, including Frankfurt, Cologne and Munich as well as various tier 2 cities. Following this acquisition, Event Hotels will undertake targeted renovations, invest in technology upgrades, and introduce initiatives to enhance the guest experience.
 
Arora Group and Deva Capital acquire Novotel London West

UK owner-operator Arora Group, together with Deva Capital, an investment arm of Spanish Banco Santander’s Alternative Investments division, has acquired the four-star, 630-room Novotel London West for an amount reported to be £160 million (£254,000 per room). The property is situated in West London, near Hammersmith Underground Station. The hotel includes two restaurants, a bar and 33 meeting rooms totalling 1,700 sqm. This is Arora’s second hotel in central London and the 21st in its portfolio. In July 2025, Arora acquired UK owner-operator and developer Bloc Hotels, as reported in this newsletter. 
 
Pontegadea acquires Avani Museum Quarter Amsterdam Hotel from Minor

Billionaire Inditex founder Amancio Ortega, through his family office Pontegadea, has acquired the four-star, 163-room Avani Museum Quarter Amsterdam Hotel in the Netherlands for €85 million (€521,500 per room), from Minor Hotels (previously known as NH Hotels in Europe). The property is situated in Amsterdam’s museum district near the Van Gogh museum and the Rijksmuseum. The hotel includes a pantry restaurant, bar and two meeting rooms. In July 2025, Pontegadea also acquired the five-star, 90-room Hotel Banke de Paris in France, as reported in this newsletter.
 
Peerâ Hotels acquires Imatran Valtionhotelli in Finland from Pandox

Finnish owner-operator Peerâ Hotels & Cottages has acquired the four-star, 137-room Imatran Valtionhotelli in Imatra, Finland, from Swedish hotel investor Pandox AB. The property is situated in southeastern Finland, near the Russian border. The spa hotel is in a castle and includes a restaurant, bar and seven meeting rooms. Prior to the acquisition, it was operated by the Swedish operator Scandic Hotels. The new owners are scheduled to take over operations in mid-September 2025.

Bernard Arnault acquires Hôtel Cap-Estel in Èze on the French Riviera

LVMH founder Bernard Arnault, through his family holding company Financière Agache, has acquired the luxury 20-room Hôtel Cap-Estel in Èze, France, for an amount reported to be €200 million (€10 million per room). The property is situated on a two-hectare private seafront peninsula halfway between Nice and Monaco, below the historic medieval hilltop village of Èze. The hotel includes a restaurant, bar, two swimming pools and three meeting rooms. The price per room sets a new benchmark, which reflects the uniqueness and extreme paucity of this type of asset and the growing demand from the super-rich for ultra-luxury hotels.
 
CHE and Hestia IM acquire Les Cures Marines in Trouville-sur-Mer, France

French asset management and investment company Capital Hospitality Europe (CHE), together with French investment company Hestia IM, has acquired the five-star, 103-room Les Cures Marines in Trouville-sur-Mer, Normandy, in north-western France. The property is situated by the Trouville beach and includes a restaurant, bar and seven meeting rooms. Following the acquisition, the property will be rebranded under Accor’s MGallery Collection as the Cures Marines Hotel & Spa Trouville - MGallery Collection. 
 
Vivium Holding acquires future hotel in Athens from Ble Kedros REIC

UAE-based family office Vivium Holding has acquired a future four-star, 65-room hotel in Athens, Greece, from Greek real estate investment company Ble Kedros REIC for €18.6 million (€286,200 per room). Situated in the centre of Athens, a 10-minute walk south of the Acropolis, the listed building is undergoing redevelopment to be transformed into a hotel, having formerly operated as a car park. Ble Kedros originally acquired the site in 2018 and has since begun redevelopment work. 
 
Barons Eden acquires Ardencote Hotel in Warwick, UK, from Huckerby family

British owner-operator Barons Eden has acquired the four-star, 110-room Ardencote Hotel in Warwick, UK, from the Huckerby family. The 34-hectare property is situated in Warwickshire, some 10 kms outside the centre of the historic market town of Warwick, which includes Warwick Castle, the most visited castle in England outside of London, located some 30-minutes drive south of Birmingham. The hotel includes two restaurants, a bar, 10 meeting rooms and an 18-hole golf course. This is the group’s first acquisition since securing a strategic investment from British private equity firm Alchemy Partners in March 2025, expanding its portfolio to three hotels.
 
Extendam and Continuum Hospitality sell Ibis Budget Madrid Airport

French private equity firm Extendam, together with Malaysian operator Continuum Hospitality Group, has sold the three-star, 154-room Ibis Budget Madrid Airport. The hotel is situated next to Madrid Airport and includes a breakfast restaurant. Extendam and Continuum developed the hotel in 2019 and opened it in January 2024. In July 2025, Extendam also sold the 2-star, 230-room Hotel Madrid Centro Atocha, as reported in this newsletter. 
 
Essendi acquires full ownership of Ibis Edinburgh Centre South Bridge

French owner-operator Essendi has acquired the freehold interest in the three-star, 259-room Ibis Edinburgh Centre South Bridge - Royal Mile in Edinburgh, UK. Essendi was already the operator of the Ibis hotel under an operating lease. The hotel is situated in central Edinburgh, next to the National Museum of Scotland. The property includes several additional tenanted spaces, such as another hotel, a supermarket, a café and a bar. The Ibis hotel itself includes a restaurant and bar. Essendi’s strategy is to focus on fully-owned hotels in the economy and midscale segments across Europe.

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