Mergers & Acquisitions

🏨 Atream Hôtels expands in Europe with the acquisition of the B&B HOTEL Berlin City-West, a 136-room hotel in Charlottenburg-Wilmersdorf, Berlin, under a 20-year lease. Fully refurbished in 2023, it boasts a BREEAM Very Good certification. This follows the March 2026 purchase of a Verona hotel for €8 million. By December 2025, Atream Hôtels reached a €320 million capitalization, holding 22 assets with a 12-year average lease term across Europe.

🏨 Covivio, through Covivio Hotels, acquired four four-star hotels in Milan for €217 million. The sale-and-leaseback deal with Invest Hospitality covers 900 rooms, targeting 7% yield. The hotels are in Scalo Farini, Bicocca, Corso Buenos Aires, and Piazzale Loreto. As part of a broader Southern Europe strategy, Covivio also bought a €31.6 million Meininger hotel in Porto, set to open in 2028. With €23.7 billion in assets, Covivio focuses on Southern Europe's hospitality market.

🏨 Apr 15, 2026, at the International Hospitality Investment Forum in Berlin: The Iran conflict escalates, causing uncertainty in the hotel investment market. Investor caution rises, with deals being paused, delayed, or reassessed. Pricing becomes uncertain, and lenders more selective, slowing transaction pipelines. Hotel operations remain stable, but sentiment weakens. The situation may cause short-term volatility, with impact depending on conflict duration and intensity. (Source: Hotel Analyst)

📄 In 2026, Invel Real Estate secured a €65 million financing facility from UniCredit to expand Fondo Yellow, targeting over 2,000 beds in Italian cities. Founded in 2013, Invel manages €3.5 billion in assets. The funds, aligned with ESG goals, will enhance YellowSquare's hybrid hospitality, already managing 1,200 beds. The 2025 Invel-YellowSquare joint venture underpins this initiative, aiming to lead in Southern Europe's urban market with sustainable, community-focused designs.

🏠 MCR Property Group has invested £150 million into a central London hospitality portfolio, aiming to expand to £500 million. On April 14, 2026, they acquired four assets—Ashburn Hotel, Ashburn Court, Chesham Court, and Claverley Court—for £123 million. The company plans a full refurbishment under a new brand. Led by Edmund Kissner, their strategy includes expanding across the UK with additional hotel acquisitions, focusing on a design-led identity and operational depth.

🏨 Avatar Financial Group provided a $5.1 million bridge loan for Hampton Inn & Suites Denver-Littleton, an 89-suite hotel in Littleton, Colorado. The two-year loan, set at 53% loan-to-value, refinanced a maturing loan and aids in completing a Hilton Property Improvement Plan (PIP). Built in 2006, renovated in 2019, the 58,458-square-foot hotel includes 2,500 square feet of meeting space and is located in Ken-Caryl Business Park near Denver.

🏖️ In 2025, Invel Real Estate partnered with YellowSquare, securing €65 million from UniCredit to expand the hostel operator in Italy. Currently running 1,200 beds in Italy and Greece, they aim to add 2,000 more in key Italian cities, emphasizing urban regeneration and sustainability. Managed by Castello SGR, the investment vehicle Fondo Yellow drives this growth. The initiative qualifies as a green loan, reflecting confidence in hybrid hospitality's asset potential across Southern Europe.