Hungarian consortium to acquire Budapest Marriott Hotel from S Immo
A Hungarian consortium led by BDPST Group and Diorit Private Equity Fund has entered an agreement, subject to regulatory approval, to acquire the five-star, 364-room Budapest Marriott Hotel in Hungary from Austrian real estate investor S Immo AG, now 100% owned by CPI Europe, for an amount reported to be €115 million (€315,900 per room). The hotel overlooks the Danube River in the centre of Budapest and includes two restaurants, a rooftop bar and 16 meeting rooms. BDPST is headed by István Tiborcz, the son-in-law of Hungarian Prime Minister Viktor Orbán, and reportedly has interests in seven other Hungarian hotels, including the Mandarin Oriental Gellert in Budapest. S Immo AG also recently agreed to sell the Vienna Marriott Hotel in Austria, as reported in last week’s newsletter, with CPI primarily focussed on office and retail investments.
Cristal Life acquires Playamojácar Hotel in Spain from Senator Hotels & Resorts
French fund manager Inter Gestion REIM, on behalf of the Cristal Life SCPI vehicle it manages, has acquired the four-star, 190-room Playamojácar Hotel in Mojácar, on the east coast of Andalusia in southern Spain, in a sale and leaseback deal with Spanish owner-operator Senator Hotels & Resorts for €18.37 million (€96,700 per room). The property is situated by the sea, approximately 150 kms south of Murcia and 300 kms east of Malaga. The hotel was fully renovated between 2019 and 2022 and includes two restaurants, two bars and a water park. Following the transaction, Senator Hotels & Resorts will continue to operate the property under a 20-year triple-net lease agreement.
Atom Hoteles SOCIMI sells B&B Hotel Vitoria General Álava in Spain
Spanish real estate investment trust Atom Hoteles SOCIMI has sold the three-star, 107-room B&B Hotel Vitoria General Álava in the north of Spain to a family office for €9.2 million (€86,000 per room). The property is situated in central Vitoria-Gasteiz, the capital and second largest city in the Basque Country, one hour’s drive south of the coastal city of Bilbao, the region’s largest city. The hotel includes a breakfast restaurant and five meeting rooms. Atom has been working to reposition its portfolio toward higher-end assets, and following nine divestments in the last few years it now owns 23 four-star and five-star hotels. Last month, the group also sold the 319-room Exe Rey Don Jaime hotel in Valencia for €50 million, as reported in this newsletter.
PGIM, Dekus and HNH Hospitality acquire Hotel Leon d’Oro in Verona, Italy
PGIM, the investment management business of US financial services company Prudential Financial Inc, together with Italian real estate investment management company Dekus and Italian operator HNH Hospitality, have acquired the four-star, 190-room Hotel Leon d’Oro in Verona, Italy from an Italian family. The property is situated by the city’s central train station and includes a restaurant, bar and 11 meeting rooms. The new owners plan to renovate the hotel’s common areas, guest rooms and technical infrastructure. Following the renovation, HNH will operate the hotel, which is to be rebranded as a DoubleTree by Hilton.
Somnoo acquires La Citadelle MGallery hotel in Metz, France
French owner-operator Somnoo has acquired the four-star, 80-room La Citadelle Hotel Metz – MGallery Collection in Metz, France. The property, once a military stronghold and transformed into a hotel in 2005, is situated in north-eastern France, approximately 100 kms south of Luxembourg. The hotel includes a restaurant, bar and four meeting rooms. Somnoo now owns and operates over 60 hotels across France and Germany. In April 2025, the group acquired the shares previously held by its partner-investor, 123 Investment Managers, in six Ibis and Ibis Budget-branded hotels in France, as reported in this newsletter.
Nowu Hospitality acquires Voco Vienna Prater hotel from Winegg
Austrian investor Nowu Hospitality GmbH has acquired the four-star, 141-room Voco Vienna Prater hotel in Austria from Vienna-based real estate developer Winegg. The property is situated in Vienna’s second district near the Danube River and the Prater amusement park. The hotel includes a restaurant, bar and three meeting rooms. Winegg originally acquired the former Austria Trend Hotel Lassalle in 2021 and, in collaboration with local hotel developer JP Hospitality, carried out an extensive renovation. Since then, the hotel has been operated by the German operator Gorgeous Smiling Hotels (GSH).
