Trinity Investments acquires The Hoxton in Barcelona, Spain
Hawaii-based real estate private equity firm Trinity Investments, together with global investment management company Partners Group and another third party investor, has acquired the four-star, 240-room The Hoxton, Poblenou in Barcelona, Spain. The property is situated in the 22@ Innovation District which forms part of the Sant Marti district, located some 3 kms from Barcelona’s historic centre. The hotel opened in 2022 and includes a restaurant, rooftop bar & pool and six meeting rooms. This is Trinity’s third acquisition in Europe, following The Standard London and Park Hyatt Zurich.
Leonardo Hotels acquires four IntercityHotels in Germany
Leonardo Hotels, the European division of the Israeli owner-operator Fattal Hotel Group, has acquired four IntercityHotels (638 rooms) in Germany. The portfolio includes the three-star, 158-room IntercityHotel Nuremberg, 152-room IntercityHotel Freiburg, 175-room IntercityHotel Magdeburg and 153-room IntercityHotel Erfurt. All four properties are in city centre locations near the central train station. Leonardo will renovate the rooms and public areas of the four hotels and operate them under a white-label banner throughout the renovation period. The renovation is expected to be completed in Q2 2026, at which point the hotels will be rebranded under the Leonardo brand.
A&O Hostels acquires Schulz Hotels
German hostel owner-operator A&O Hostels has acquired German group Schulz Hotels that own and operate premium, design-led budget hotels. Schulz’s portfolio currently consists of the 1,000-bed Schulz Hotel Berliner Mauer, with another property near Berlin’s central train station in the planning stage. The founders of Schulz, Nizar Rokbani, Oskar Kan and Sacha Gechter, had previously founded the German hostel platform Meininger, and they will now join A&O to support the group’s expansion. This acquisition forms part of A&O’s €500 million growth strategy, enabled through investments by StepStone Group and Proprium Capital Partners made in 2023. In October 2025 A&O acquired the four-star, 378-room DoubleTree by Hilton London – Docklands Riverside in the UK, which they are now converting into a hostel.
NHG acquires Hotel Riviera in Moss, Norway from Höegh Eiendom
Norwegian owner-operator Norwegian Hospitality Group (NHG) has acquired the four-star, 172-room Hotel Riviera in Moss, Norway from Norwegian developer Höegh Eiendom for an amount reported to be NOK 550 million which is equivalent to approximately €46 million (€267,000 per room). The property is situated by the waterfront in Moss, a city of some 500,000 people situated 60 kms south of Oslo. NHG and Höegh Eiendom jointly developed the hotel which opened in May 2023, with NHG operating the hotel. It includes a restaurant, bar, seven meeting rooms and a rooftop pool. The hotel is franchised by Strawberry hotel group under the Nordic Hotels & Resorts brand.
Art-Invest acquires 25hours Hotel Vienna from JP Immobilien and Wertinvest
German investor Art-Invest Real Estate has acquired the four-star, 216-room 25hours Hotel Vienna at MuseumsQuartier in Austria from a JV between Austrian real estate investors JP Immobilien and Wertinvest. The property is situated in Vienna’s seventh district across the Austrian Parliament and the Museum of Natural History Vienna. The hotel includes a restaurant, bar and six meeting rooms. It is leased on a long-term basis to German operator KNSA Hospitality. The building, originally constructed in 1971 as a student residence, was converted into a hotel in 2013.
Sehgal family acquires Crowne Plaza London Ealing from Westmont
The Sehgal family has acquired the four-star, 139-room Crowne Plaza London Ealing in the UK from Canadian owner-operator Westmont Hospitality. The property is located in West London, approximately 20 minutes south of Wembley Stadium. The hotel includes a restaurant, bar and three meeting rooms. The family plans to renovate and modernise the property over the coming years.
Gidar acquires Delta Heathrow Windsor in Slough from KKR and Baupost
Sukhi Gidar, co-founder of British care home operator Gold Care Homes, has acquired the four-star, 382-room Delta Hotels Heathrow Windsor in Slough, UK from New-York based global investment company KKR & Co. Inc, Boston-based investment manager Baupost Group and their London-based operating partner Amante Capital. The property is situated between London Heathrow Airport and Slough, approximately a 15-minute drive from the airport. The hotel includes a restaurant, two lounges and 19 meeting rooms. Gidar reportedly obtained an £18.2m loan from OakNorth Bank to fund the acquisition.
Valotel Holding acquires Holiday Inn Express Geneva Airport in Switzerland
Swiss real estate investment company Valotel Holding (Suisse) SA has acquired the three-star, 154-room Holiday Inn Express Geneva Airport in Switzerland. The property is situated less than a kilometre from the airport and about a 15-minute drive from Geneva’s city centre. The hotel includes a breakfast restaurant and one meeting room. This acquisition brings Valotel’s portfolio to eight hotels across Switzerland.
Arrow Global Italia acquires Donnafugata Golf Resort & Spa in Sicily, Italy
Arrow Global Italia, through a fund managed by Sagitta SGR, has acquired the five-star, 202-room Donnafugata Golf Resort & Spa in Sicily, Italy. Originally opened in 2010 under the management of NH Hotels, the resort then closed during the covid pandemic. It is situated in a rural area near Ragusa in south-east Sicily. It includes various restaurants, a spa and two championship 18-hole golf courses. Together with Italian operator Mangia’s, Arrow Global plans to extensively redevelop the resort, including all its guest rooms and facilities. The resort is adjacent to Arrow Global’s Costa Ragusa Borgo and Resort, which is due to open in 2026.
Epsicap REIM acquires Premier Inn Preston Central in the UK from Seneca
French real estate investment manager Epsicap REIM has acquired the three-star, 140-room Premier Inn Preston Central in the UK from British real estate investment company Seneca Property for £9.75 million (£69,600 per room). The property is situated near Preston’s central train station, a one-hour drive north of Manchester. The building’s ground floor houses two restaurants and a clothing shop. The hotel is leased to Premier Inn until 2036 and has a built-in break option in 2031.
Edmond de Rothschild acquires Travelodge Stafford in the UK from Fiera Capital
Luxembourg-based real estate investment company Edmond de Rothschild has acquired the two-star, 62-room Travelodge Stafford Central in the UK from Canadian investment management company Fiera Capital, for an amount reported to be £4.5 million (£72,600 per room), representing a net initial yield of approximately 7.25%. The property is situated in Stafford’s Hough business park, some 40-minutes drive north of Birmingham. The hotel is leased to Travelodge, with a remaining lease term of 18 years.
Épopée Gestion and Vicartem acquire Maison Nô in Lyon, France from 123 IM
French investment management company Épopée Gestion, on behalf of its Épopée Hôtels I fund, together with French property management company Vicartem, has acquired the four-star, 45-room Maison Nô in Lyon, France from French real estate management company 123 Investment Managers. The property is situated in the central Presqu’île area and includes a rooftop bar and two meeting rooms. Following the acquisition, Vicartem’s hotel management company Younight Hospitality is set to take over the hotel’s operations.
Björn Ulvaeus acquires Best Western Plus Västerviks in Sweden from Frea Hotel Group
Björn Ulvaeus, of music group Abba fame, and through his family’s hospitality company Slottsholmen Hotell & Restaurang AB, has acquired the four-star, 102-room Best Western Plus Västerviks Stadshotell in Västervik, Sweden, from Swedish owner-operator Frea Hotel Group AB. The property is situated in the centre of Västervik, a coastal town in southeastern Sweden around a three-hour drive south of Stockholm. The hotel includes a restaurant, bar and five meeting rooms. The family also owns the 43-room Slottsholmen Hotell & Restaurang in Västervik.
Buteo acquires Soravia’s shares in Hotel Bredeney in Essen, Germany
German real estate investment company Buteo Unternehmensgruppe has acquired Austrian real estate developer Soravia’s shares in the four-star, 293-room Hotel Bredeney in Essen, Germany. Astenhöhe GmbH, the real estate investment arm of the German Brockhoff family office, retains the remaining shares in the hotel. The property is situated in south Essen, a 10-minute drive from Essen/Mülheim Airport and some 20 kms east of Duisburg. The hotel includes two restaurants, a bar, 12 meeting rooms and a 450 sqm spa area. Following the transaction, the property is set to undergo an extensive renovation.
About HVS
HVS, the world’s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.
Russell Kett
Chairman, HVS London
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