HVS Europe Hotel Transactions Bulletin - Week Ending 17 April 2026

Covivio acquires four hotels in Milan from Invest Hospitality

French real estate investor Covivio, through its subsidiary Covivio Hotels, has acquired a portfolio of four, 4-star hotels (c. 900 rooms) in Milan, Italy, through a sale and leaseback transaction from Italian owner-operator Invest Hospitality, for €217 million (c. €241,000 per room). All properties have recently been fully renovated and are situated in the Scalo Farini area, in Bicocca, in Corso Buenos Aires, and in Piazzale Loreto. The 21-year leases provide a guaranteed minimum rent of 6% plus a revenue-linked variable component that is expected to increase the yield to about 7%. 

MCR Property Group acquires four boutique hotels in London

British, Manchester-based real estate investment company MCR Property Group has acquired a portfolio of four hotels (87 rooms) in London, UK, for £123 million (£1.4 million per room). The portfolio includes the four-star, 38-room Ashburn Hotel, the four-star, 19-room Ashburn Court Apartments, the five-star, 16-room Claverley Court and the 14-room Chesham Court. All properties are located in Kensington & Chelsea and will undergo extensive refurbishment to reposition them under a new independent lifestyle collection brand. The combined acquisition and renovation investment is expected to total £150 million. These assets represent the first phase of MCR’s strategy to build a platform, with plans to expand through additional hotel acquisitions across the UK.  

Batipart acquires Pullman Paris Tour Eiffel from Morgan Stanley and QuinSpark

Luxembourg-based investment firm Batipart Europe, on behalf of a consortium of investors, has acquired the four-star, 435-room Pullman Paris Tour Eiffel in France from American investment bank Morgan Stanley and French owner-operator QuinSpark Investment Partners. The hotel, which opened in 1966, is located on the doorstep of the Eiffel Tower, some 200 metres from the Champs de Mars on which the landmark sits. It is the closest hotel to the Eiffel Tower and includes a restaurant, bar and 24 meeting rooms. QuinSpark will continue operating the hotel. Morgan Stanley and QuinSpark originally acquired the hotel in March 2024 for €330 million (€767,000 per room). 

HIP acquires Phaea Cretan Malia in Crete, Greece, from Phaea

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, 204-room Phaea Cretan Malia in Crete, Greece, from Greek owner-operator Phaea. The property is situated in the island’s northern town of Malia by the beach. The hotel is part of Marriott’s Design Hotels network and includes four restaurants, four bars, two outdoor swimming pools and a spa. HIP plans to invest €7 million (€34,300 per room) in the property to renovate the rooms and public areas, and reposition the hotel. 

Silken Hotels acquires Hotel Silken Platja d'Aro in Spain from TQ-MR Family

Spanish owner-operator Silken Hotels has acquired the four-star, 111-room Hotel Silken Platja d'Aro in Spain from Spanish real estate investment company TQ-MR Family. The property is situated in the coastal town of Platja d'Aro, on Spain’s northeastern Mediterranean coast, about 100 kms north of Barcelona. The hotel includes a restaurant, bar, outdoor swimming pool and several event spaces. Since opening in 2023, the hotel had been operated by Silken under a long-term lease agreement. 

Atream acquires B&B Hotel Berlin City-West in Germany

French asset-management firm Atream, through its Atream Hotels REIT, has acquired the three-star, 136-room B&B Hotel Berlin City-West in Germany. The property is situated in Berlin’s Charlottenburg-Wilmersdorf district, adjacent to Volkspark Wilmersdorf. It is currently leased to B&B Hotels under a 20-year fixed-term lease agreement signed in 2023. The hotel originally opened in 2004 and underwent a full renovation in 2023. 

Local hotelier sells Knights Hill Hotel & Spa in North West Norfolk, UK

Local hotelier Howard Darking has sold the four-star, 79-room Knights Hill Hotel & Spa in North West Norfolk, UK, to a private individual hotel operator off a guide price of £7.95 million (£101,000 per room). The property is situated in King’s Lynn, halfway between Peterborough and Norwich. The hotel includes a restaurant & bar, various event spaces and a spa. Darking, who had owned the hotel for over 40 years, had previously sold the other properties in his portfolio located in Hunstanton and Peterborough, making this his final disposal. 

YOU Famille Hôtelière acquires Ibis Montpellier Centre Comédie in France

French owner-operator YOU Famille Hôtelière has acquired the three-star, 76-room Ibis Montpellier Centre Comédie in Montpellier in the south of France. The hotel includes a breakfast restaurant and bar and is situated in Montpellier's city centre, a two-minute walk from Place de la Comédie. Earlier this month, YOU also acquired the four-star, 51-room Le Cinq Hotel in Chambéry, France, as reported in this newsletter. YOU operates over 80 hotels in six European countries and plans to further expand its portfolio.