HVS Europe Lodge Transactions Bulletin Week Ending 9 February 2024

A abstract of European resort transactions supplied by HVS

Actual Resorts acquires Amazonia Lodge Group and its 4 resorts in Portugal
Portuguese resort chain Actual Resorts Group has acquired the Amazonia Lodge Group platform, which incorporates 4 resorts, all in Portugal, starting from three to 4 stars. Based in 1990, the group’s present properties embody the Amazonia Estoril Cascais Lodge (21 rooms), the Amazonia Jamor Lodge (97 rooms), the Amazonia Lisboa Lodge (192 rooms) and the Amazonia Palmela Residences (40 residences). The belongings are all situated inside the Lisbon Metropolitan Space, with the Amazonia Estoril Cascais Lodge situated on the oceanic coast some 25 km from the centre of Lisbon. The Bernardino Gomes Group, together with subsidiary Actual Resorts, was acquired in 2020 by ex-Yahoo! COO Henrique de Castro and Eurico Almeida, by way of Palminvest. With this newest acquisition, Actual Resorts will now personal 20 resorts totalling round 3,000 rooms throughout Portugal.

REAM SGR acquires former Golden Palace Lodge in Turin
Italian actual property asset administration agency REAM SGR, by way of its Geras 2 fund, has acquired the previous five-star, 195-room Golden Palace Lodge in Turin, Italy, for a reported €36 million (€185,000 per room). The centrally-located resort contains six flooring which span some 20,000 sqm. Initially an workplace constructing, the resort opened for the Winter Olympics in 2006, following a €60 million conversion course of. Previous to its closure in 2022, the Golden Palace Lodge was owned by Italian resort group Allegroitalia and since then had fallen into the palms of banks. The Geras 2 fund is anticipated to take a position one other €6-7 million right into a complete capital expenditure plan to reposition it right into a reference level for higher upscale resorts in Turin. The resort is anticipated to reopen earlier than the November 2024 Turin ATP finals, beneath a lease construction with a world resort chain. REAM SGR invests in varied actual property fields, together with however not restricted to residential, healthcare, hospitality and concrete regeneration.

Portuguese group acquires Lodge Lago Montargil & Villas in central Portugal
An unnamed Portuguese resort group has reportedly acquired the five-star, 105-room Lodge Lago Montargil & Villas in Montargil, Portugal, from a home financial institution for a reported sum between €15 million and €20 million. Positioned at a web site about two hours east of Lisbon, the transaction additionally included 11 luxurious villas, in addition to neighbouring land plots on which one other 10 villas could be developed. The property has 5 swimming swimming pools, congress house with a capability for over 500 friends and 4 F&B shops. In March 2023, KPI Lodge Administration Companies, which has a monitor document of resort administration in Portugal, Europe and Africa, was appointed to function the property. The resort is situated on the substitute Montargil lake, which was fashioned from the creation of the Montargil dam of the Sor River.

12.18. and companion purchase the Membership Santa Ponsa resort in Mallorca, Spain
German resort group 12.18. Funding Administration, in partnership with a world funding fund, has acquired the three-star, 142-room Membership Santa Ponsa in Mallorca, Spain, for an undisclosed quantity. The property is situated some 200 metres from the seaside and is anticipated to be totally redeveloped into an unique resort in partnership with native Puro Group, which can oversee the reopening of the resort and its administration. Puro Group at present operates six seaside golf equipment in Spain, Portugal and Italy beneath its Purobeach model. 12.18. holds round 10 resorts in its portfolio, together with the 7Pines resorts in Ibiza and Sardinia, the Prime Lodge Hochgurgl in Austria and the Cone Membership in Sardinia.

HotelsProperties acquires the The Wellington Lodge in Dublin
Dublin-based hospitality and administration group HotelsProperties has acquired the just lately developed four-star, 38-room Wellington Lodge in Dublin, Eire, for €14 million (€368,000 per room), from receiver Kroll Advisory Ltd. The resort is situated in Temple Bar, one of many metropolis’s main nightlife and tourism precincts, inside strolling distance of the Dublin fort, Trinity School and the Christchurch Cathedral. It homes a restaurant and a bar totalling roughly 340 sqm. HotelsProperties, led by Sheila O’Riordan, is a family-owned group energetic in each Eire and the UK and has some 14 resorts in its portfolio, together with the five-star Exhibitionist Lodge and the four-star Gainsborough Lodge in London.

Dalofi acquires Grand Hôtel des Terreaux in Lyon from Bernard household
French resort group Dalofi has acquired the four-star, 53-room Grand Hôtel des Terreaux in Lyon, France, from the Bernard household, for an undisclosed value. The resort is situated in proximity to the Musee des Beaux-Arts and the Vieux-Lyon district, which homes the Saint Jean-Baptiste cathedral. This acquisition marks Dalofi’s fifth operational resort. Its portfolio now contains 440 rooms distributed throughout Lyon (213 rooms), Marseille (178 rooms) and Paris (49 rooms) beneath each Accor and Hilton franchises. The group at present has one other two pipeline properties in Lyon, specifically the Courtyard by Marriott Lyon and the Hampton by Hilton Saint Exupery Airport, that are anticipated to open in 2024 and 2025 respectively. In 2022, the group recorded a median fee of €137 throughout its then 4 properties, with group revenues of €19 million.

AKF acquires Comwell Koge Strand Lodge in Copenhagen
Danish property and growth firm AKF has acquired the four-star, 127-room Comwell Koge Strand Lodge in Koge, about 40 minutes south of Copenhagen, Denmark, from the Aage V. Jensens Basis, for an undisclosed quantity. The resort options occasion areas for as much as 550 folks, two eating places and a bar. Danish agency Comwell Resorts will stay because the property’s operator, having been incumbent since 2013. Cromwell Resorts has 17 properties in its portfolio, with areas primarily in Denmark and one in Sweden. The Aage V. Basis focuses on buying, proudly owning, working and preserving pure areas the world over, and this property was its final resort actual property asset. AKF primarily owns residential and business properties throughout Denmark, and focuses on three core segments: property administration and rental, property growth and actual property acquisitions by way of its personal funding fund.

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