ActivumSG bets on hospitality recovery by acquiring Odyssey

Private equity firm ActivumSG Capital Management has acquired Netherlands-based hotel operator Odyssey Hotel Group for its latest real estate fund, 'ActivumSG Real Estate Fund VI,' expecting to benefit from the recovery of the hospitality industry after COVID-19. Odyssey focuses on operating hotels in under-served, mid-sized towns and cities in continental Europe. It currently operates 12 hotels in Germany, the Netherlands and Finland, mostly under franchise agreements with Marriott and IHG. The acquisition will lift ActivumSG's rooms-under-management from 1,940 today to 5,200 and follows their previous acquisitions of Dutch residential developer VanWonen and the luxury Nobu Hotel in Barcelona last month.

Aberdeen acquires room2 'hometel' Southampton for £10 million

Aberdeen Standard Investments, the UK's largest active investment manager, has acquired the flagship room2 'hometel' concept in Southampton, UK for around £10 million (£140,000 per room). The price on the sale-and-leaseback acquisition reportedly reflects a net initial yield of 4.98% with a 30-year, index-linked lease for the 71-studio bedroom asset. The concept was launched in 2018, providing an extended-stay option designed to give the tenant more flexibility and control over the property compared to an apartment. Room2 intends to use the capital to continue to grow it's platform, aiming to deliver 5,000 keys by 2030.

Georg Imlauer acquires Schloss Pichlarn in Austrian Alps

Austrian hotelier Georg Imlauer has acquired the 5-star Schloss Pichlarn resort in the Austrian Alps
from Munich-based Schörghuber Unternehmensgruppe. The 96-room hotel is surrounded by 680,000 square meters of land and features a spa and wellness area, indoor and outdoor tennis courts, an underground car park, a helipad and an 18-hole golf course. The acquisition is the first resort hotel in Imlauer's hotel portfolio, which primarily consists of hotels and restaurants in Vienna and Salzburg.

Cogeco sells Pure Valley development in Les Ménuires

Promoter Cogeco has sold its position in the Pure Valley hotel resort complex near the Les Ménuires ski slopes in France to a consortium of real estate manager Vista, French family office Aquasourca, operator Serfim, real estate investor Cera and operator APartners Capital, for an undisclosed price. The 6,200 square meter, off-plan development project is scheduled to be completed in December of 2022 and will feature a 104-room, 4-star hotel with a spa and wellness area, 350 square meters of meeting space, a restaurant with a 400 square meter terrace and a grocery store. The property will be operated by Malta-based APartners.

Lefar Group acquires Holiday Inn Express Ealing in West London

UK-based Lefar Group, owned by the Kazemi family, has acquired the 80-room Holiday Inn Express Ealing in West London for an undisclosed price. The hotel is operated by IHG on a 20-year lease. Built in 2015, the property was the first UK hotel to be designed under IHG's Generation IV brand specification, which aims to target the 'smart traveler.' The new owner intends to build out an additional 28 rooms.

Ploberger family buys 300-room London development for £31 million

Austrian hoteliers Rudolf and Christian Ploberger, from GR Properties UK, have acquired Boundary House, a mixed-use development planned as a 300-room hotel with office space, for a reported £31 million (£103,000 per room). The project, located in East London near Tower Bridge, is being overseen by asset manager C1 Capital. The Plobergers previously owned Bow Street Magistrates Court in Covent Garden, now the site of the soon-to-open NoMad London.

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