A summary of European hotel transactions provided by HVS
Fondo Italiano and Eulero Capital acquire stake in HNH Hospitality from Siparex
Fund manager Fondo Italiano d’Investimento and investment manager Eurelo Capital, through the Fondo Italiano Consolidamento e Crescita (FICC), have taken over an equity stake in Italian operator HNH Hospitality for an undisclosed amount from Siparex, which invested in the company in 2017. The new stakeholders will work alongside and support the majority shareholder of HNH Hospitality, the Boccato family, led by CEO Luca Boccato. HNH Hospitality currently operates 16 hotels and resorts, 13 of which are located in major Italian cities such as Rome, Bologna, Venice and Milan, under brands such as Almar (HNH’s own brand), voco, Crowne Plaza, Hotel Indigo, Best Western, and DoubleTree by Hilton.
Fattal Group acquires The Grand Brighton hotel in the UK from the Weston family
Israel’s largest hotel organisation and owner of Leonardo Hotels, Fattal Group, has acquired The Grand Brighton, a 201-room historic hotel situated on England’s south coast, from the billionaire Weston family, for a sum reported to be in the region of £55 million to £60 million (£274,000 to £299,000 per room). The Weston family, who control Fortnum and Mason and Associated British Foods, transacted the property via the family’s privately-held holding company, Wittington Investments. The family had acquired the hotel from DeVere in 2014 for £50 million and refurbished the property in 2019, including restoring the hotel’s Victorian facade. The hotel includes conference and banquet facilities totalling 1,200 sqm across 13 rooms.
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Yuri Paris