French investment fund Sofidy, a subsidiary of private equity firm Tikehau Capital, has acquired the Meininger Hotel Salzburg City Centre in Austria from Vienna-based real estate company CA Immo. In addition to the 100-room Meininger hotel, the transaction also includes retail and office space. This deal represents Sofidy’s first acquisition in Austria after the company expanded into Germany, the Netherlands and Belgium.
German developer Herecon Group has concluded the forward-sale of two Holiday Inn Express hotels in the German state of Bavaria. The 74-room hotel located in the north-west of Munich was sold to a local private investor while the 123-room Holiday Inn Express in Olching, one of Munich’s suburbs, was acquired by Munich-based TE Management GmbH. Construction is expected to start this summer at both sites with the completion date set for Q3 2020.
London-based investment firm Centricus has acquired the iconic Capri Palace Hotel & Spa in Anacapri on the island of Capri, off the Italian coast. In addition to offering 68 rooms, the hotel also features the island’s only two Michelin-starred restaurants, the two-star L’Olivio and the one-star Il Riccio. Centricus is tapping into the high-end hotel and resorts sector with this acquisition and manages over $23 billion in assets.
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