Europe Hotel Transactions Bulletin - Week Ending 18 January 2019

UBM sells the Super 8 Hotel Mainz Zollhafen, Germany

Vienna-based developer UBM Development has forward-sold the 216-room Super 8 Mainz Zollhafen to the German insurance group Württembergische Lebensversicherung AG for €24 million (€111,000 per key). The hotel, set to open in the first quarter of 2020, is currently under construction and will be operated by GS-Star GmbH under a 20-year lease agreement.

Art-Invest acquires dual-branded Ibis Styles and Ibis Budget in Bayreuth, Germany

German real estate fund Art-Invest Real Estate is acquiring the dual-branded Ibis Styles and Ibis Budget hotel in Bayreuth, Germany from local developer Fuchs & Söhne. The property is currently under construction and is planned to open in 2020. Both hotels will be operated by GHotel Germany GmbH under a long-term lease agreement and subject to a franchise agreement with AccorHotels. The property will have a combined 180 rooms, with 96 operated under the Ibis Styles brand and 84 under the Ibis Budget brand.

Dominvs buys Arbor City Hotel in London

London-based Dominvs Group has acquired the 115-room Arbor City Hotel in London. The hotel, located in London's Whitechapel area, will be rebranded as a Hampton by Hilton and will be operated under a franchise agreement. The new owners are also planning on expanding the hotel by converting the adjacent parking lot into 150 additional guestrooms.

Whitbread acquires development site in central Dublin

Abarta Investments has sold the Twilfit House development site in central Dublin to Whitbread, owner of Premier Inn. Whitbread will start developing a 180-room Premier Inn hotel on the site that has been sold with a secured planning permission. The acquisition represents Whitbread's second development project in the city, with only one Premier Inn currently operating in Ireland, at Dublin Airport.