Boutique Hotel Group Experimental Targets US After €350m investment

Main Photo: Il Palazzo Experimental, Venice Date: December 2021 Name: Experimental Group Locations: USA, UK Number of Keys: N/A Seller: Experimental Group Buyer: Brookfield Commercial real estate group Brookfield has made a $350 million investment in European hospitality firm Experimental Group. That deal is expected to enable Experimental to open as many as 15 new…

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Hard Rock International to Purchase The Mirage Las Vegas for $1.075 Billion

Main Photo: Hard Rock plans to build a guitar-shaped hotel on the Strip Date: December 2021 Name: The Mirage Location: Las Vegas, Nevada, USA Number of Keys: 3,044 Seller: MGM Resorts International Buyer: Hard Rock International Hard Rock International has signed an agreement to acquire the operations of The Mirage Las Vegas hotel and casino…

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Noble Acquires Portfolio of Marriott, Hilton, and Hyatt Branded Hotels

Main Photo: Hyatt House Tallahassee Capitol – University Date: December 2021 Names: Residence Inn by Marriott Charlottesville Downtown, Hyatt House Tallahassee Capitol – University, and the Hampton Inn & Suites Tallahassee Capitol – University.  Location: Charlottesville, Virginia and Tallahassee, Florida, USA Number of Keys: 368 Seller: TBA…The Residence Inn opened in March 2016, and was…

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Reuben Family Plan £180m Fund for London’s Admiralty Arch

Main Photo: Admiralty Arch, London…courtesy Hilton Waldorf Astoria Date: December 2021 Name: Waldorf Astoria London Admiralty Arch Location: The Mall, London, England, UK Number of Keys: 100+ Owner/Seller: Prime Investors Capital (PIC) Lender/Buyer: Reuben Family The billionaire Reuben family is closing in on a £180m deal to further fund the transformation of Admiralty Arch into…

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Fortress Acquires Majority Stake in PREM Group

Main Photo: Tulfarris Hotel & Golf, Co. Wicklow, Ireland Date: December 2021 Name: PREM Group Locations: Ireland, UK, Belgium and Netherlands Number of Keys: 3,000+ Seller: PREM Group Buyer: Fortress Investment Group LLC The US Fortress Investment Group LLC has acquired a majority stake in Dublin-based serviced apartment and hotel company PREM Group through an…

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Four-Star 80-Key Hotel, Located in Alcala de Henares, Madrid For Sale

Location: Alcala de Henares, 35km North-East of Madrid, Spain Name: TBA Guide Price: €14m Guide Price per Key: €177k No. of Keys: 80, including three suites The Opportunity: This hotel is located in Alcalá de Henares, a city declared a World Heritage Site, and stands out for the quality and variety of services it offers. Among the facilities…

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Iconic Grade 1 Listed 20-Key Ston Easton Hotel, South West of Bath For Sale

Location: Ston Easton Park, 12 miles south-west of Bath, Somerset, England, UK Name: Ston Easton Hotel Guide Price: Around £6m Guide Price per Key: £300k No. of Keys: 20…and 7 reception rooms The Opportunity: Described by Pevsner as “exceptionally sumptuous” in the style of William Kent and listed Grade I, Ston Easton Park is a…

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Boundary London Acquired by James McCulloch’s Harcourt Inns

Main Photo: The Boundary hotel in London’s trendy Shoreditch Date: December 2021 Name: The Boundary London Hotel Location: Shoreditch, East London, England, UK Number of Keys: 17 Seller: Opened by London’s Restaurant Guru, Sir Terence Conran, in 2009. His Preston & Conran business went into administration in 2018 Buyer: Harcourt Inns, headed up by James…

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Mitsis Hotels Expands Further to 6,500 Keys in Greece

Main Photo: The 500 room Blue Domes Resort, Kos with 10 pools, 11 restaurants and 6 bars! Date: December 2021 Name: The Mitsis Group Location: A new five-star on Mykonos and plans for three hotels in Rhodes, Greece Number of Keys: 225 in Mykonos Seller: TBA Buyer: The Mitsis Group, with help from Enterprise Greece…

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Jumeirah Marsa Al Arab Opens in Dubai

Main Photo: The new Jumeirah Marsa Al Arab – imagined Date: December 2021 Name: Jumeriah Marsa Al Arab Location: The property is adjacent to the wave-shaped Jumeirah Beach Hotel and sailboat-inspired Burj Al Arab Jumeirah in Dubai Number of Keys: 386 rooms and suites, four penthouses, as well as 83 luxury hotel apartment suites Seller:…

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Davidson Kempner Wins Race For Luxury Hotel Portfolio in Portugal

Main Photo: The Conrad Algarve, one of the hotels included in the deal Date: December 2021 Name: Nau Hotels – a portfolio of luxury hotels, including the Conrad Algarve, the Cascatas Golf & Resort Spa by Hilton and the NAU group, of La Vie shopping centers, among other real estate assets.  Location: Across Portugal Number…

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Aloft Liverpool Hotel Sold to Fragrance Group Off £12m Guide Price

Main Photo: The Aloft Liverpool Date: December 2021 Name: The Aloft Liverpool Location: North John Street, Liverpool City Centre, England, UK Number of Keys: 116 Seller: North John Street LLP…The property was built around the year 1900 as the head office of the Royal Insurance Company and was converted into a 116-bedroom hotel under the…

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Movenpick to Open Serviced Apartmemnts in Cairo

Main Photo: Movenpick Living and Residences, Cairo – imagined Date: December 2021 Name: Movenpick Living and Residences – opening 2026 Location: New Capital City, 45 km east of Cairo, Egypt Number of Keys: 150 serviced apartments and 40 residences Owner: The property will be part of the Sixty Iconic Tower mixed-use development Buyer: Al Bourouj…

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Four-Star 115-Key Suites, Apartments & Bungalows 20-Year Sale & Leaseback Madeira Island, Portugal

Location: Prazeres, Madeira Island, Portugal Name: TBA Guide Price: €15m Guide Price per Key: €130,435 No. of Keys: 97 residential units – studios and one bedroom apartments PLUS 8 two-bed bungalows The Opportunity: This four-star Prime Green Hotel was constructed in 1993 and the kitchen and restaurant renovated in 2018. The hotel is attractively designed…

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Azora Acquires Bluserena, Italy’s Second Largest Resort Hotel Operator

Main Photo: Bluserena’s resort in Sicily – Serenusa Village Date: December 2021 Name: Bluserena Resort SPA Location: Across Italy Number of Keys: 4,200 Seller: Carlo Maresca SPA Buyer: Azora Group Azora, the Madrid-based European private equity real estate manager, has completed the acquisition of Bluserena SPA, the second largest resort operator in Italy, from the…

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Radisson Hotel Group to Open 11 Radisson Individuals Hotels Across Russia

Main Photo: Cosmos Sochi Hotel Date: December 2021 Name: Radisson Hotel Group Locations: 11 across Russia Number of Keys: 7,000+ Owner: Cosmos Hotel Group Radisson Hotel Group and Cosmos Hotel Group, part of the AFK Sistema company, have signed an agreement under which part of Cosmos Hotel Group’s hotels will benefit from the international hotel…

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