Europe hotel transactions updates

Dartriver and CONREN acquire future Hub by Premier Inn in London

London-based real estate investor CLI Dartriver and Frankfurt-based CONREN Land have jointly acquired 68-86 Farringdon Road in London from hotel owner and operator Whitbread in a forward funding deal, for a reported £39.75 million. The mixed-use development, known as the Zinc, will include office and retail space as well as a 180-room Hub by Premier Inn. Built on the site of a former parking garage and designed by Sheppard Robson, the building is currently under construction and is scheduled to complete in 2023. The building is ESG compliant, having received the “BREAAM Excellent” certificate.

Zetland acquires Hotel Don Juan Center on the Costa Brava, Spain

London-based private-equity firm Zetland Capital has acquired the 255-room Hotel Don Juan Center, in Lloret de Mar in northern Catalonia, Spain, for an undisclosed sum. Located an hour’s drive north-east of Barcelona in the centre of Lloret de Mar, some 500 metres from the beach. The hotel is to undergo major renovation, reopening for the summer of 2023 under Fergus Group’s “Tent Hotels” flag.

Sonae Capital sells two hotels in Portugal

Portuguese investor Sonae Capital has sold a portfolio of two hotels in Portugal for an undisclosed price. The 377-apartment portfolio includes the 132-room Editory by The Sea Tróia-Comporta and the 255-room Aqualuz Troia by The Editory, both of which are in Grandola, just south of Comporto and Lisbon. Sonae’s hospitality arm launched The Editory brand in 2021, initially with a portfolio of eight hotels around Portugal. It is understood that the assets will continue to be managed by Sonae / The Editory.

CBRE IM acquires YAYS Aparthotel Antwerp from Silex

CBRE Investment Management has acquired a 6,214 sqm serviced apartment building in Antwerp, Belgium, from investment manager Silex Group, for an undisclosed price. Operated by YAYS Aparthotels, the asset comprises 94 short-stay and furnished apartments spread across eight floors. The property is located on Frankrijklei, the main boulevard in Antwerp, in close proximity to Antwerp Central Train Station and the city’s historical centre, as well as Meir, Antwerp’s main shopping destination.