Industry Update
Press Release17 June 2019

Europe Hotel Transactions Bulletin - Week Ending 14 June 2019

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Swiss Life acquires Hotel Senator Parque Central in Valencia

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Swiss insurance group Swiss Life has acquired the 192-room Hotel Senator Parque Central in Valencia, Spain for €24.5 million (€128,000 per room), from Spanish hotel owner and operator Grupo Senator, in a sale and leaseback transaction. Grupo Senator acquired the four-star property in 2017 from Sareb, who took ownership after the original developer filed for bankruptcy in 2010.

Starwood Capital sells De Vere Beaumont Hotel's ground rent to Alpha Real Capital

London-based real estate fund manager Alpha Real Capital has acquired the ground rent on the De Vere Beaumont Hotel in Old Windsor from funds managed by Starwood Capital for £40 million. The hotel's ground rent will join Alpha Real's Index Linked Income Fund (ILIF), launched in 2015, which totals £400 million of hotel ground rent assets under management.

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HVS is a leader in global hospitality financial consulting. Hotel owners, developers, investors, lenders, management companies, and public agencies around the world rely on HVS to make informed business decisions. HVS's commitment to excellence and unrivalled hospitality intelligence is delivered by more than 300 people in over 50 offices throughout the world who specialize in a wide range of hospitality assets including hotels, restaurants, casinos, shared ownership lodging, mixed-use developments, spas, and golf courses, as well as conventions, sports, and entertainment facilities. For more information about HVS visit https://hvs.com.

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