Riu Hotels acquires Curio Westminster London from Westmont, BHP and PPF

Spanish owner-operator Riu Hotels & Resorts has acquired the four-star, 464-room Westminster Hotel, Curio Collection by Hilton in London, UK, from Canadian owner-operator Westmont Hospitality, Slovakian hotel investor Best Hotel Properties (BHP) and PPF Real Estate, the property arm of Czech investment group PPF Group, for £290 million (£625,000 per room). The property is situated in London’s Westminster district between Westminster Abbey and the Tate Britain museum. Constructed in 2003, the hotel was fully refurbished in 2021 and includes a restaurant, bar, café and four meeting rooms. Upon completion of the acquisition, it will be incorporated into RIU’s Plaza portfolio of city hotels and renamed Hotel Riu Plaza London The Westminster.

Catalonia Hotels acquires two hotels in Barcelona and Malaga from Meridia

Spanish owner-operator Catalonia Hotels & Resorts has acquired the four-star, 110-room Gallery Hotel in Barcelona and the four-star, 103-room Molina Lario Hotel in Malaga, Spain, from Spanish private equity firm Meridia Capital. Meridia acquired both properties in 2023 through its Meridia V fund, and subsequently repositioned the hotels into the upper four-star segment. The Gallery Hotel is situated by La Pedrera - Casa Mila in central Barcelona and includes a restaurant, a rooftop bar and swimming pool, and six meeting rooms. The Molina Lario Hotel is situated between the harbour and the cathedral in central Malaga and includes a restaurant, rooftop bar and three meeting rooms.

A&O acquires Novotel and Ibis in Manchester, UK from Ares and EQ

German hostel owner-operator A&O Hostels has acquired the four-star, 164-room Novotel Manchester Centre and the three-star, 127-room Ibis Manchester Centre in the UK from Ares Management’s real estate arm Ares Real Estate and pan-European hotel investor and operator EQ Group. The adjoining four-storey buildings are situated in central Manchester, a 15-minute walk west of the Manchester Piccadilly train station. A&O plans an £8.2 million renovation program to increase the room count to 303 and the bed count to 1,218, with a mix of private rooms (30%), family rooms (30%) and dormitories (40%), with the property remaining open throughout the works. The renovation program is expected to be completed in Q1 2027.

Hôtel Grand Cœur Latin in Paris sold in private transaction

An unidentified private investor has reportedly acquired the four-star, 75-room Hôtel Grand Cœur Latin in Paris, France from a group of hoteliers, for an amount reported to be over €70 million (€933,000 per room). The property is situated in Paris’ fifth district next to the Luxembourg Gardens and a five-minute walk from the Pantheon. The hotel includes a breakfast restaurant and bar, as well as a spa with swimming pool, hammam and treatment rooms.

Osae Partners sells Hôtel Filigrane & Spa in Paris to private investor

French asset management company Osae Partners has sold the four-star, 43-room Hôtel Filigrane & Spa in Paris, France to a private investor for over €36.5 million (€850,000 per room). The property is situated in Paris’ second district, a ten-minute walk from the Palais Garnier. Osae acquired the hotel in 2022 and, following a two-year renovation, reopened it in early 2025 with a spa and swimming pool.

Iroko Zen acquires Abades Nevada Palace in Granada from Grupo Abades

French institutional investor Iroko Zen SCPI has acquired the four-star, 258-room Hotel Abades Nevada Palace in Granada, Spain, from Spanish owner-operator Grupo Abades in a sale-and-leaseback transaction for €30 million (€116,000 per room). The property is situated south of Granada’s city centre near the Parque Tecnológico de la Salud and the Los Cármenes football stadium. The hotel includes three restaurants, seven meeting rooms and an outdoor pool. As part of the transaction, Grupo Abades signed a 15-year lease and committed €5 million (€19,400 per room) to renovate the hotel.

Deka acquires 25hours Hotel Cologne from Quantum and Proximus

German REIT Deka Immobilien, on behalf of its Deka-ImmobilienEuropa open-ended public real estate fund, has acquired the four-star, 207-room 25hours Hotel Cologne The Circle in Germany from German real estate investors Quantum and Proximus. The hotel forms part of a wider transaction within the Gerling Garden building complex, which also includes two office buildings completed in 2025, with a combined area of 18,800 sqm. The hotel underwent extensive refurbishment in 2018 and is situated approximately one kilometre west of Cologne Central Station and the Cologne Cathedral.

HIP acquires Olympic Lagoon Resorts in Cyprus from Amathus and Kanika

Spanish hospitality company Hotel Investment Partners (HIP), majority owned by American private equity firm Blackstone along with Singaporean sovereign wealth fund GIC, has acquired the five-star, 276-room Olympic Lagoon Resorts, Paphos in Cyprus, from Cypriot hospitality investor Amathus and Cypriot owner-operator Kanika. The beachfront property is situated 4 kms south of the centre of Paphos, with direct access to one of the island’s 18 Blue Flag beaches. The resort includes six restaurants, five bars and five swimming pools. Following Kanika’s investment in facilities and restaurants over the past three years, HIP is planning a further €17 million (€61,600 per room) refurbishment of the guest rooms and common areas. Kanika will continue to operate the resort.

Ibervalles acquires Novotel Valencia Lavant in Spain from Pictet

Spanish REIT Ibervalles Capital has acquired the four-star, 370-room Novotel Valencia Lavant in Spain, from Swiss private bank Pictet’s alternative investment arm Pictet Alternative Advisors. The property is situated by the Nuevo Centro shopping centre, a 10-minute drive from Valencia’s old city. The hotel reopened in February 2025 following a full renovation and includes a restaurant, two bars and 11 meeting rooms. It will now be operated by the Dutch-based Odyssey Hotel Group under a franchise agreement with Accor.

PensionDanmark acquires Ibis Styles Copenhagen Orestad from Skanska

Danish pension fund PensionDanmark has acquired the three-star, 186-room Ibis Styles Copenhagen Orestad in Denmark from Swedish developer Skanska. The hotel forms part of a wider transaction that also includes two office buildings totaling 19,600 sqm of office space. The total transaction price exceeds DKK 1.0 billion, equivalent to approximately €133.8 million. The hotel includes a restaurant and bar and is situated in the Orestad district between Copenhagen’s city centre and Airport.

Heartland and Kilden & Hindby acquire Helnan Marselis in Denmark from Helnan

Danish investment company Heartland, together with Danish real estate developer Kilden & Hindby, has acquired the four-star, 155-room Helnan Marselis Hotel in Aarhus, Denmark, from Danish owner-operator Helnan Hotel Group. Aarhus is Denmark’s second largest city, with a population of around 300,000 people, and is situated on the east coast of the Jutland peninsula. The property is located on Aarhus Bay by the Marselisborg Forest and includes a restaurant, swimming pool and 11 meeting rooms. The hotel was originally built in 1967 and Helnan had owned it since 2001.

Avintia sells B&B Hotel Madrid Fuenlabrada Retail Park to family office

Spanish real estate developer Avintia Inmobiliaria has sold the three-star, 132-room B&B Hotel Madrid Fuenlabrada Retail Park in Spain to an undisclosed Spanish family office from Castile and Leon in the north of Spain. The property includes a breakfast restaurant and is situated by the Nexum Retail Park in the municipality of Fuenlabrada, 17 kms southwest of Madrid. Avintia and B&B Hotels plan to develop up to 10 further hotels for a total investment of more than €100 million.

Madeho acquires Idol Hotel in Paris

French hotel developer and operator Madeho, on behalf of private investors, has acquired the four-star, 32-room Idol Hotel in Paris, France. The property includes a breakfast restaurant and is situated in Paris’ eighth district by the Saint-Lazare train station. The hotel is scheduled to undergo a renovation and rebranding program, with completion expected in 2027, and is set to become Madeho’s 15th property under management.

About HVS

HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.

Russell Kett
Chairman, HVS London
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