Europe Hotel Transactions Bulletin – 7 days Ending 09 December 2022

Davy Genuine Estate / TMR get Dunboyne Castle Resort & Spa in Ireland

Davy True Estate, on behalf of Austrian trader Thomas Roggla’s TMR Resort Selection, has ordered the 145-place Dunboyne Castle Hotel & Spa in County Meath, Eire, for a described price of €25 million (€172,000 for every place), from a non-public household who had owned the home for 16 several years. The lodge, which sits on 21 acres, is situated some 20 kms north-west from the centre of Dublin. TMR has appointed Irish team Windward Management to run the resort. Thomas Roggla commenced attaining distressed Irish resorts in 2014, and his TMR Lodge Selection now includes a complete of fifteen 4- and 5-star lodges positioned during Ireland, totalling some 1,850 rooms.

Perial acquires Campanile Frankfurt Offenbach in Germany from Eyemaxx

France-primarily based Perial Asset Administration, on behalf of its SCPI PF Hospitalité Europe fund, has acquired the 3-star, 186-space Campanile Hotel in Offenbach, Frankfurt, for a noted €18 million (€97,000 per place). The vendor was German home developer and trader Eyemaxx Authentic Estate, who obtained the preceding workplace setting up in 2018 and transformed it into a resort that opened in 2020. Located 5 kms from the centre of Frankfurt, the lodge is operated by Louvre Lodge Group less than a 20-yr lease settlement.

Crest Motels acquires Avisford Park Lodge in West Sussex, United kingdom, from Albitar Company Company

British isles-dependent Crest Inns has acquired the 4-star, 140-place Avisford Park Lodge, positioned 6.4 kms from the historic English town of Arundel, West Sussex, off a guide selling price of about £8.95 million (£64,000 for every space), from Albitar Business Company. Beforehand matter to a 20-calendar year operational lease to Hilton that expired at the conclusion of last calendar year, the resort sits on 60 acres and involves 15 meeting rooms, a bar and cafe and substantial health and fitness facilities (sauna, squash, health club, pools, tennis and golfing). The hotel was introduced to marketplace in July 2021 at a guidebook rate of £10.5 million. Avisford Park is Crest Hotels’ eighth acquisition and follows the Metropole Hotel & Spa in Llandrindod Wells, Powys in Wales, which the group acquired in November 2022. 

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