Blue Coast Capital purchases Courtyard Munich City Centre Courtyard Munich City Centre is acquired by Union Investment
British investment company Blue Coast Capital has acquired the four-star, 248-room Courtyard by Marriott Munich City Center in Germany from German real estate investment manager Union Investment for €74.9 million (€302,000 per room). The property can be found in central Munich near the main railway station. The hotel features a bar, restaurant, and four conference rooms. Since the hotel’s opening in 2006, it had been a part of Union Investment’s “UniImmo Europa” open-ended fund. Union still owns seven hotels in Munich after the sale. Blue Coast, who purchased the Marriott Hamburg in 2015, is also the owner of that hotel.
Meliá acquires 50% stake in Paradisus Lanzarote from Victoria Hotels
Hotel operator Meliá Hotels International has acquired a 50% stake in the five-star, 272-room Paradisus by Meliá Salinas Lanzarote in Spain, from Victoria Hotels & Resorts, a joint venture initiated by Spanish bank Bankinter Investment and real estate investment firm GMA Capital, for €36.5 million, valuing the property at over €70 million (€257,400 per room). The acquisition increases Meliá’s total ownership to 53.75%, while Bankinter retains the remaining 46.25%. The property, located on the eastern coast of Lanzarote in Costa Teguise is 15 minutes away from Lanzarote Airport. The resort features four restaurants, four bar and five meeting rooms. In June, Victoria sold two Meliá hotels in Spain, as reported in this newsletter.
Covivio acquires B&B Porto Centro Massarelos hotel in Porto, Portugal
French real estate investor Covivio has acquired the three-star, 176-room B&B Porto Centro Massarelos in Porto, Portugal, for €15 million (€85,200 per room) at a reported yield of 6%. The property is situated on the north side of the Douro River, near the Casa da Música concert hall, and includes a breakfast restaurant. The hotel opened this month, making it the fourth B&B hotel in Porto.
LFPI and private investors purchase Marivaux Hotel, Brussels
The French asset manager LFPI has purchased the four-star Marivaux Hotel with 136 rooms in Brussels, Belgium, along with 20 private investors. The property is located just a few minutes’ walk from Brussels Grand Place and includes nine meeting rooms, a restaurant, and a bar. The hotel will be operated by LFPI’s hotel management arm, LFPI Hôtels Gestion. LFPI has plans to refurbish the hotel following the acquisition. This will include the addition and upgrade of meeting rooms, as well as the upgrading of the public areas.
Legal & General acquires Hyatt Place and Hyatt House in Leeds, UK, from Tritax
London-based investment manager Legal & General has acquired the dual-branded 217-room Hyatt Place and 88-room Hyatt House in the city of Leeds in northern England, from London-based real estate investment company Tritax. The four-star property, located near the main railway station in central Leeds includes six meeting rooms and two restaurants. The adjacent hotels were built in 2022, and they have a BREEAM excellent rating. Aimbridge Hospitality, a US-based operator, will manage the dual-branded hotel under a Hyatt franchise agreement.
Interspa Group acquires Gut Heckenhof in Eitorf, Germany
German recreational facility developer Interspa Group has acquired the four-star, 78-room Gut Heckenhof Hotel & Golf Resort in Eitorf, Germany, from local hotelier Peter Hilla, who built and managed the hotel over the past 30 years. The property is located in a conservation zone about 40 minutes southwest of Cologne. The resort has two restaurants, twelve meeting rooms and 27 holes of golf. Interspa plans to take over the resort by the end of 2025. They plan to add a thermal spa with 2,000 sqm, 33 golf cabins, 25 wellbeing chalets and a public access fitness studio.
Ben Dahlheim buys Amedia Hotel Linz, Austria from Soravia
Ben Dahlheim is an investor, strategic partner and owner-operator of German Dormero Hotels. He has acquired from Austrian developer Soravia the four-star Amedia Hotel Linz with 97 rooms. The hotel, which is located near the city’s main Convention Center, Design Center Linz includes a bar and restaurant. Currently, it operates under the Trademark Collection by Wyndham name and is set to rebrand as Dormero DeHo Linz beginning in 2026.
KE Hotels has acquired Queens Hotel Cheltenham from Sutton Hotel Collection in the UK
British operator KE Hotels purchased the four-star Queens Hotel Cheltenham from British owner Sutton Hotel Collection. The property, located in Montpellier District’s central Montpellier District overlooking Imperial Square and Gardens, is owned by British owner-operator KE Hotels. The hotel has a restaurant, a bar and two meetings rooms. KE Hotels has eight hotels across the UK. This includes five properties owned by KE Hotels and three managed by KE Hotels.
