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Europe Hotel Transactions Bulletin - Week Ending 06 October 2023

Warner Leisure acquires two UK country hotels, in the Midlands and near Edinburgh, Whitbread acquires office building in London to convert to hotel-led mixed-use, CapitaLand Ascott Trust divests four Citadines aparthotels in France, Alchemy Step acquires two hotels in Germany and partners with Marriott, DER Touristik acquires Aldiana Club Fuerteventura, Spain, from Alfredo Morales, Limestone Capital acquires the Axel Hotel Madrid from Hotel Investment Partners, Premier Inn acquires the BW Plus Marina Star Hotel Lindau in Germany from ImmoLeen, Indotek acquires Hotel H-Top Royal Beach in Lloret de Mar, Spain, from H Top Hotels, The Ainscow Hotel in Manchester, UK, sold out of Administration, Turenne Capital and BPI France acquire the Hôtel des Roys in Versailles, France, RAD acquires the Seamill Hydro Hotel in Ayrshire, Scotland, from the Sweeney family. ....

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CAPITALAND ASCOTT TRUST PROPOSES S$530.8 MILLION ACQUISITION OF THREE LODGING ASSETS IN LONDON, DUBLIN AND JAKARTA

Proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS); Two existing CLAS properties in central Sydney and London to undergo asset enhancement initiatives (AEIs) with estimated yields on AEI cost of approximately 11% ; Property value of the two existing properties and new acquisition in London expected to increase by S$385.5 million after AEIs and stabilisation ....

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Capital Land and Ascott Trust signs US$395 million MOU

Capital Land and Ascott Trust signs US$395 million MOU
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