Europe Hotel Transactions Bulletin - Week Ending 13 August 2021

Catalyst acquires Diplomatico Hotel in Lisbon

London-based real estate investment firm Catalyst Capital has acquired the 95-room Diplomatico Hotel in Rua Castilho in Lisbon from a family office for €14.75 million (€155,000 per room). The acquisition marks Catalyst’s first purchase as part of its €250 million European hotel investment strategy on behalf of its Catalyst Core Plus European Property Fund (CCPEPF), a €1.3 billion evergreen real estate fund. The 4-star boutique hotel is to receive €9 million of comprehensive refurbishment, starting next year and ending in 2023, after which it is to be operated by Staycity under their Wilde Aparthotels brand. The 25-year lease agreement contains annual, inflation-linked rent uplifts.

AHORN acquires Maritim Berghotel in Braunlage, Germany from Maritim

German hotelier AHORN Hotels & Resorts has acquired the 309-room Maritim Berghotel Braunlage from Maritim Hotels, another German hotel group, for an undisclosed price. The rural resort property, located in between Hanover and Leipzig, will be operated by AHORN starting in October of this year. The hotel was reportedly sold due to mounting stress on Maritim from the global pandemic.