HR Group acquires H-Hotels

German owner-operator HR Group has acquired H-Hotels, a privately managed hotel company in Germany that operates over 60 hotels across Germany, Austria, Switzerland, France and Hungary. The H-Hotel brands include Hyperion Hotels, H4 Hotels, H2 Hotels, H+ Hotels, H.ostels, and H.omes and H-Hotels will continue to operate under the same name. This acquisition increases HR Group’s portfolio by one-third. HR Group now plans to improve digitalisation, F&B concepts and organisational structure within H-Hotels, and said it will leverage its expertise in sales and procurement to unlock synergies.

CapMan acquires 28 hotels across the Nordics from Midstar

CapMan Real Estate, the real estate arm of Finnish private equity fund CapMan, through its CapMan Hotels II fund, has acquired a portfolio of 28 hotels with 4,709 rooms from owner-operator Midstar Fastigheter AB, the hotel management arm of Sweden’s Midstar Hotels AB. The properties are spread across the Nordics, with 16 in Sweden, eight in Norway, and four in Denmark. They are situated in major metropolitan areas such as Stockholm, Gothenburg, Copenhagen and Oslo. Following this transaction, CapMan’s assets under management will increase by €400 million. The hotel brands involved in the portfolio include a mix of Best Western, Elite, Scandic and Strawberry. CapMan intends to expand the portfolio’s room count to 4,887 by 2027 through value-enhancing initiatives. 

Henderson Park and Atream acquire five Novotel Suites hotels in France

European real estate investment platform Henderson Park, together with French real estate investor Atream, has acquired a portfolio of five Novotel Suites hotels (645 rooms) in France. The portfolio, all four-star hotels, includes three properties in Paris, namely the 166-room Novotel Suites Paris Montreuil Vincennes, the 128-room Novotel Suites Paris Issy les Moulineaux and the 101-room Novotel Suites Paris Stade de France, as well as the 126-room Novotel Suites Lille Europe in Lille and the 124-room Novotel Suites Cannes Centre in Cannes. All properties were built between 2000 and 2011. Following this acquisition, Henderson Park and Atream plan to renovate the entire portfolio, including upgrading the bedrooms and guest-facing areas, as well as modernising the hotels’ technical infrastructure to enhance energy efficiency.

Lennart Perlhagen acquires 20% stake in Firmdale Hotels

Swedish pharmaceutical entrepreneur Lennart Perlhagen has acquired a 20% stake in British owner-operator Firmdale Hotels for a reported price of approximately £300 million, valuing the company at around £1.5 billion. Founded in 1985 by Tim and Kit Kemp, Firmdale’s portfolio now consists of eight hotels in London and three in New York. The Kemp family trust remains the majority stakeholder. In April 2022, Firmdale obtained a long leasehold on three neighbouring buildings in London’s Bloomsbury district, intending to transform them into a hotel. Perlhagen’s association with Firmdale began in 2021 when his son joined the Firmdale board as a shareholder.

Deka acquires Ruby Molly Hotel & Bar in Dublin from ESR Group

German REIT Deka Immobilien has acquired the four-star, 272-room Ruby Molly Hotel & Bar in Dublin, Ireland, from Creekvale, the real estate development arm of Hong Kong-based real estate investment manager ESR Group, for approximately €86 million (€316,200 per room). The hotel is situated in central Dublin, north of the city’s historic core. The property was completed in April 2024 and meets the BREEAM “Very Good” ESG standard. It includes a restaurant and bar and is long-term leased to Ruby Hospitality Ireland. The hotel has been acquired for the open-ended real estate fund Deka-ImmobilienEuropa.

Van der Valk acquires Pullman Eindhoven from Cocagne Holding

Dutch owner-operator Van der Valk has acquired the four-star, 320-room Pullman Eindhoven Cocagne in Eindhoven, Netherlands, from Dutch investor Cocagne Holding, for a reported €70 million (€218,750 per room). The property is situated in central Eindhoven, some 700 metres from the central train station and a 15-minute drive from Eindhoven Airport. The hotel includes a restaurant, bar, 18 meeting rooms and a spa. Van der Valk’s portfolio consists of over 100 hotels and restaurants across Europe, North America and the Caribbean.

PPF acquires Hilton Prague from the Irish Bank Resolution Corporation

PPF Real Estate, the real estate arm of Czech investment group PPF Group, has acquired the four-star, 791-room Hilton Prague in the Czech Republic from the Irish Bank Resolution Corporation (IBRC). The hotel was previously part of Ireland’s Quinn Group, which has been under the control of IBRC for more than a decade. The property is situated to the east of Prague’s old town by the Vltava river, and includes four restaurants, two bars, a spa and 5,000 sqm of meeting space. It is the largest hotel in the Czech Republic and has received investments of over €50 million in refurbishments since 2018.

Limestone Capital acquires Nobu Hotel London Shoreditch from LaSalle

Switzerland-based private equity group Limestone Capital AG has acquired the five-star, 164-room Nobu Hotel London Shoreditch in the UK, from American real estate investment manager LaSalle. The property is situated in East London’s fashionable Shoreditch district, and includes a Nobu restaurant, bar, cafe, spa and event spaces. Nobu Hotels’ first European property, it opened in 2017, and after closing temporarily during the pandemic, reopened in 2022 with an additional penthouse and two additional guest rooms on the sixth level. The hotel was nearly sold to another investor in 2021 for £75 million, but that transaction fell through. This is Limestone’s first hotel in the UK, with other luxury hotels situated in Portugal, Italy and Spain.

Andras House acquires Travelodge Belfast Central from Tifco

British owner-operator Andras House has acquired the three-star, 90-room Travelodge Belfast Central in the UK, from Irish owner-operator Tifco Hotels Group, for £8.75 million (£97,200 per room). The hotel is situated in central Belfast by the Grand Opera House, five-minutes’ walk from the central train station. Andras will continue to operate the hotel under the Travelodge brand and plans to significantly invest into the refurbishment of the property. Following this transaction, Andras’ portfolio consists of 11 hotels and apartments across the UK. In 2024, Andras acquired the two-star, 146-room ETAP Hotel in Belfast. 

Ireland’s Hotels Properties Limited acquires Marine Hotel Sutton from Ryan family

Independent Irish family-owned group Hotels Properties Limited has acquired the three-star, 48 room Marine Hotel in Sutton, Ireland from the Ryan family, off a guide price of more than €10 million. The property is situated on a seafront site in Sutton, some 13 kilometres from Dublin. The hotel includes a restaurant, bar, seven meeting rooms and a spa with indoor pool. Last month, the Ryan family sold the four-star, 202-room Grand Hotel Malahide in County Dublin. 

Olala Homes acquires São Félix Hotel in Laundos, Portugal

Spanish property manager Olala Homes has acquired the four-star, 46-room São Félix Hotel Hillside and Nature in Laundos, Portugal. The hotel is situated on a hillside 35 kms north of Porto and 15 minutes from the sea. The property includes a pool, five meeting rooms and a restaurant. This is Olala’s first acquisition in Portugal and its third hotel, having entered the hotel management sector last year with the acquisition of two hotels in Spain.

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