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.

About HVS

HVS is the world's leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

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