Invesco Real Estate has acquired three hotels worth €100m on behalf of its European hotel programme.

The global real estate investment manager said it has bought the Holiday Inn Express in The Hague, the Hotel Occidental 1929 in Barcelona and the Vinnci Selección in Malaga.

David Kellett, managing director of hotel transactions at Invesco, said: “European travel has already made a significant recovery from the COVID-19 pandemic and we expect growth momentum to accelerate into 2022 and beyond, creating further potentially attractive investment opportunities should result.”

Chris Brassington, a senior director of fund Management at Invesco, said: “These recent additions in the Netherlands, Italy and Spain represent the best that the European hotel market has to offer and we will continue to invest to unlock value.

“Our goal is investments that can generate long-term, attractive growth above the market average for our investors.”

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