Industry Update
Press Release11 February 2019

Europe Hotel Transactions Bulletin - Week Ending 08 February 2019

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Colonial sells Tryp Chamartín hotel in Madrid to Meridia
Colonial Group, a Spanish investment manager, has sold the Tryp Chamartín Hotel, located north of Madrid's city centre, to investment manager Meridia Capital for €27.5 million (€138,000 per room). The 199-room hotel, which Colonial acquired from Renta Inmobiliaria in 2002 as part of the Centro Norte complex for €100 million, is part of a larger divestment strategy and represents the last asset belonging to the composite to be divested.

Patrizia completes sale of two Holiday Inn hotels in Germany
German commercial real estate investor, Patrizia, has completed the sale of its 168-room Holiday Inn Essen - City Centre, near Düsseldorf, and the 164-room Holiday Inn Frankfurt Airport-Neu-Isenburg, on behalf of its special fund PATRIZIA Hotel-Invest Deutschland I. The two four-star properties underwent renovation in 2013/2014 and are being sold as part of the seller's portfolio optimisation strategy.

Achat acquires a German portfolio of five hotels
Mannheim-based hotel management group Achat Hotels has acquired and rebranded a portfolio of five hotels in Germany, including the 163-room Achat Plaza City-Bremen, the 96-room Achat Premium Regensburg, the 87-room Achat Premium Messe-München, the 46-room Achat Comfort Airport-München, and the 88-room Achat Premium Frankfurt/Egelsbach. These new additions will bring the company's portfolio to 35 hotels across Germany, Austria and Hungary.

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