Henderson Park buys The Aloft Madrid Gran Via amid flurry of hotel deals
Henderson Park has acquired The Aloft Madrid Gran Via in Madrid for €57m, following a flurry hotel deals in Europe.
CBRE said it advised Singapore-based SafeGuard Real Estate Management on the sale of the 139-room, 13-floor hotel managed under Marriott International’s Aloft brand.
“This hotel asset benefits from an impressive location within Madrid, currently one of the most solid European markets in terms of performance and liquidity,” said Miguel Casas Albandor, head of hotel investment properties for continental Europe at CBRE.
Meanwhile, Stuttgarter Insurance Group has acquired a fully pre-let hotel and office development in Stuttgart through a forward-funding transaction arranged by Barings.
The project, which includes a 7,000sqm hotel and 3,800sqm of office space, is being developed by Weisenburger Projekt and is expected to be completed by the end of 2020.
Cedar Capital Partners has acquried The Lloyd Hotel in the Eastern Docklands of Amsterdam from Rocco Veenboer for €45m, according to Cushman & Wakefield which advised the seller.
The 8,300sqm hotel has 120 rooms and dates back to 1918.
KSL Capital Partners has made its first investment in continental Europe, buying five luxury hotels in France by acquiring Les Hôtels d’en through an affiliate from Perseus Group, a European hotel developer.