Hotels (Commonwealth Union) _ German real estate company Around town SA has reportedly sold the four-star Hilton Hyde Park in London for a price close to £50 million (£368,000 per room) to an undisclosed family office from Dubai. The 136-room property, located opposite the north-western corner of Hyde Park, is operated by Hilton under a lease agreement until 2031. The new owners are said to be considering converting the site into residential apartments at the end of the lease.
London-based hotel owner-operator KE Hotels, led by Anil Khanna, has acquired the three-star, 124-room Holiday Inn London – Luton Airport for an undisclosed sum. The freehold hotel, located within 10 minutes’ walk from Luton Airport passenger terminal, is operated under a franchise agreement with InterContinental Hotels Group under its Holiday Inn brand. This acquisition increases KE Hotels’ portfolio to four hotels.
Spanish hotel chain Grupotel Hotels & Resorts has acquired the four-star, 347-room Hotel Club Cala Marsal in Mallorca, Spain, from the Catalá family for an undisclosed sum. The beachfront property is set to undergo an extensive renovation during the 2024-2025 winter season.
Irish businessman Bryan Meehan has acquired the five-star, 46-room Park Hotel in Kenmare, Ireland, from the Brennan brothers and investor Fergal Naughton. The transaction price was not disclosed. The luxury hotel, overlooking Kenmare Bay, has five F&B outlets, two pools, a private cinema, and a spa.
Portuguese private investment firm ECS Capital has acquired the 112-room B&B HOTEL Lisboa Montijo in Lisbon, Portugal, from a joint venture between Spain’s Sunny Real Estate Group and Portuguese construction company Casais, for an undisclosed sum. The hotel is leased to French group B&B Hotels.
British real estate investment firm Seneca Property has acquired the freehold of the three-star, 140-room Premier Inn Preston Central hotel in Preston, UK, from Aegon AM, for an undisclosed sum. The property is located 500 meters from the Preston railway station in the city centre.
