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HVS Europe Hotel Transactions Bulletin Week Ending 24 February 2023

Europe

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.

About HVS

HVS is the world’s leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.

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Sri Lanka prepares for impending El Niño with traditional and new approaches

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Liverpool in contact with former Chelsea defender

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Drive

Smoke-Free Drive! Lahore to Suspend Licences of Drivers of Smoke-Emitting Vehicles

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Australian small business sales cool off in the June quarter

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Xero economist Louise Southall says small businesses are “thinking carefully” before hiring as rate rises and fuel costs bite. Key insights: New Xero Small Business Insights data shows Australian small business sales growth eased to 6.5 per cent year-on-year in the June quarter, down from a two-year high of 7.9 per cent in Q1. Hospitality, retail
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