Marriott to Debut First W Hotel in Tuscany to Open 2023

Main Photo: The bedroom style at the W Hotel Date: October 2021 Name: W Florence Location: Via de’Tornabuoni, Florence, Tuscany, Italy Number of Keys: 120 Buyer: Progetto Majestic S.r.l.  Seller: The site was shared between a bank and a hotel company, but has been vacant since the early 2000’s Marriott International announced it has signed an…

Read More

Ritz Plans £300m Basement Spa to Compete With the World’s Elite Hotels

Main Photo: The Ritz Restaurant Terrace Date: October 2021 Name: The Ritz Location: Piccadilly, London, England UK Number of Keys: 53 new rooms, to take it to 191 Owner: Qatari Abdulhadi Mana Al-Hajri The Ritz is to become the latest luxury London hotel to dig out an “iceberg” basement to provide more five-star pampering for their guests. The Piccadilly landmark,…

Read More

London-Focused Z Hotels Offers Test of Industry Recovery With £440m Sale

Location: 14 Hotels Mainly London, With Bath, Glasgow and Liverpool Name: Z Hotels Guide Price: £440m No. of Keys: 1,667 The Opportunity: Z Hotels has hired Knight Frank and Avison Young to find a buyer for a portfolio of sites in Covent Garden, Soho and Victoria in a test of the sector’s post-pandemic prospects, according…

Read More

Castleforge Acquires Edinburgh Crowne Plaza Hotel

Main Photo: The Crowne Plaza Edinburgh Date: October 2021 Name: Crowne Plaza Hotel – Royal Terrace, an IHG Hotel Location: Royal Terrace, Edinburgh, Scotland, UK Number of Keys: 97 Seller: A “High Net Worth” Investor, who acquired the hotel from Alix Partners, receivers for Fontenhall Scotland Ltd, who went Into administration in 2016 Buyer: Castleforge…

Read More

New Boutique Hotel in Arlington, Texas Will Come With It’s Own Golf Range in 2023

Main Photo: RiverPark Arlington – imagined Date: October 2021 Name: RiverPark Arlington – to open 2023 Location: North Arlington, Texas, USA Number of Keys: 87 Seller: TBA Buyer: Galante Hospitality Group A unique hotel with a golf range attached is coming to Arlington. Called the RiverPark Arlington, it’ll be a boutique hotel designed for those seeking…

Read More

Beachfront 300 Key Five-Star Resort Hotel Phuket For Sale

Location: Kalim Bay, 1km From Patong Beach, Phuket, Thailand Name: TBA Guide Price: THB 2.5bn – Around US$75m No. of Keys: 300 The Opportunity: This contemporary 300 room with elegant accommodations, located on the hillside, in a collection of modern urban buildings, all offering easy access to three swimming pools and refreshments – three restaurants…

Read More

Land Securities Gears Up To Offload £500m Of Hotel Assets

Main Photo: The Novotel London West, One of the Hotels Being Sold Date: September 2021 Names: Mostly Under Accor Brands such as Ibis and Novotel Location: London, Glasgow, Manchester and Other Locations, England, UK Number of Keys: TBA Seller: Land Securities, who acquired a portfolio of 30 hotels in 2007 for £439m from Accor Buyer:…

Read More

Extendam and Vicartem Acquire Hotel de Bourgogne, Nantes, France

Main Photo: Hotel de Bourgogne, Nantes Date: September 2021 Name: Hotel de Bourgogne – To Reopen 2023 Location: Nantes, France Number of Keys: 38…to extend to 60 Seller: TBA Buyer: Extendam in partnership with Vicartem French private equity firm Extendam, in its first joint venture with Rennes-based property management company Vicartem, have acquired the 38-bedroom Hotel de Bourgogne in…

Read More

Long Harbour Acquires Freehold Interest in Hampton by Hilton Munich Airport Hotel for €14 million

Main Photo: Hampton by Hilton Munich Airport South Date: September 2021 Name: Hampton by Hilton Munich Airport South Location: Munich, Germany Number of Keys: 244 Seller: Merlin Capital GmbH Buyer: Long Harbour Long Harbour, the real estate and asset-backed investment manager, has completed a further ground lease transaction in Germany with the acquisition of the…

Read More

Starwood Capital Acquires The Comfort Hotel Vesterbro in Copenhagen, Denmark Petter Stordalen’s Strawberry Forever for €82 million

Main Photo: The Three-Star Comfort Hotel Vesterbro Date: September 2021 Name: Currently The Comfort Hotel Vesterbro, Copenhagen – to be renamed? Location: Central Copenhagen, Denmark Number of Keys: 399 Seller: Strawberry Forever Buyer: Starwood Capital Starwood Capital has bought the Comfort Hotel Vesterbro in Copenhagen from Norwegian-owned real estate company Strawberry Forever for €82m. The…

Read More

AWH Partners LLC JV With The Roxborough Group Acquire San Francisco’s Historic Villa Florence

Main Photo: Villa Florence, San Francisco Date: September 2021 Name: Villa Florence San Francisco Location: San Francisco, USA Number of Keys: 189 Seller: TBA Buyer: AWH Partners LLC and The Roxborough Group AWH Partners LLC and The Roxborough Group have acquired the Villa Florence Hotel and retail in San Francisco for $87.5 million. The partnership plans a…

Read More

Accor Signs Three New Properties In The UK

Main Photo: ibis Styles Romford Date: September 2021 Name: Mercure Bredbury Hall Hotel, ibis Styles Romford and Mercure Dumfries Location: Stockport, near Manchester, England; Romford, Essex, England; Dumfries, Scotland – UK Number of Keys: 149, 125 and 60 – 334 In Total Owner: Vine Hotels, Romford South and Splendid Hospitality Brand Owner: Accor Accor Hotels…

Read More

Bill Gates To Buy $2.2 billion stake In Four Seasons Hotels and Resorts

Main Photo: Four Seasons Hotel Tunis Date: September 2021 Name: Four Seasons Hotels and Resorts Location: 121 hotels and resorts, and 46 residential properties in 47 countries Number of Keys: TBA Seller: Kingdom Holding Company Buyer: Cascade Investment, a Company Controlled by Bill Gates An affiliate of Cascade Investment, a company controlled by Bill Gates,…

Read More

Santander offloads debt of 13 Spanish Luxury hotels to Bybrook for €136m

Main Photo: The world-famous La Manga Club Date: September 2021 Name: 13 Grupo Hesperia Properties Location: Spain, Europe Number of Keys: TBA Seller: Banco Santander Buyer: Bybrook Capital Banco Santander SA has sold loans valued at €136 million, which were granted on 13 of Spanish hotel company Grupo Hesperia’s properties, to London-based fund manager Bybrook…

Read More