Azora acquires Medplaya Hotels in Spain

Spanish real estate investment trust Azora, via its European Hotel & Lodging Fund, has acquired Spanish owner-operator Medplaya Hotels. The deal includes six owned hotel properties in Spain - situated in Catalonia and the Costa del Sol - with a total of more than 1,500 rooms, as well as the operating company that manages an additional nine hotels. Azora plans to renovate the properties and reposition them. In 2019, Azora acquired seven hotels from Medplaya while keeping the company on as the operator through lease agreements, meaning that Azora now owns 13 of Medplaya’s 15 hotels.
 
Premia Properties to acquire Gaia Palace and Gaia Royal in Greece

Greek real estate investment firm Premia Properties has entered an agreement to acquire the five-star, 156-room Gaia Palace Hotel and the four-star, 284-room Gaia Royal Hotel in Mastichari on the Greek island of Kos. Situated next to each other, the properties are located a short walk from the beach east of Mastichari. Both hotels include a restaurant, bar and swimming pools. Premia plans to renovate both properties, with completion expected in May 2027. The total investment, including renovation costs, is set to amount to €73 million (€165,500 per room). Swedish operator Nordic Leisure Travel Group will manage the properties under a long-term, 20-year, triple-net lease. 
 
Cofinance Group acquires Vintage Paris Gare du Nord

French real estate investment company Cofinance Group has acquired the 48-room Vintage Paris Gare du Nord in France. The property is situated in Paris’ 9th district between the Gare du Nord train station and the Basilica of Sacré Cœur de Montmartre. Cofinance aims to extensively renovate the property and reposition it as a four-star hotel. In September 2025, Cofinance sold the five-star, 103-room Les Cures Marines in Normandy, as reported in this newsletter.