HVS Europe Resort Transactions Bulletin Week Finishing 13 January 2023

Date:



Rendering of The Reykjavik EDITION Hotel
  Abu Dhabis ADQ fund acquires Reykjavk EDITION Resort from Stefnir

A abstract of Eu resort transactions supplied by way of HVS

HVS Hodges Ward Elliott agents sale of The Usual Ibiza to Schroders
World funding supervisor Schroders Capital has got The Usual Ibiza, a 67-room luxurious way of life resort situated within the centre of Ibiza The town. The valuables, which opened in Would possibly 2022, comprises the very talked-about Jara eating place and bar fronting the island’s major sq., in addition to a shocking rooftop terrace with a swimming pool, bar and eating place, providing perspectives of the jetty and Ibiza Fortress. HVS Hodges Ward Elliott represented the dealers within the transaction, having additionally negotiated the running settlement with Usual World in 2021.

Abu Dhabi’s ADQ fund acquires Reykjavík EDITION Resort from Stefnir
An organization owned by way of Abu Dhabi’s Sovereign Wealth Fund ADQ has got a 70% stake in The Reykjavík EDITION resort, situated in Iceland’s capital town, for an undisclosed worth. Nearly all of the stocks have been held via a construction in the end owned by way of Stefnir’s SÍA III undertaking fund. US developer Wood worker & Co. has retained its 30% passion within the resort. The resort will proceed to be operated by way of Marriott World. Opened in 2021, The Reykjavík EDITION has 253 rooms, together with 27 suites and a 128 sqm penthouse. HVS London performed the industrial due diligence on behalf of ADQ for this transaction.

Invel and Prodea gain the White Coast Pool Suites in Milos, Greece
Invel Actual Property and Greek actual property funding company Prodea Investments have got the five-star luxurious resort White Coast Pool Suites during the Invel Eudora Fund 1LP, which is held 51% by way of Invel and 49% by way of Prodea. Positioned close to Sarakiniko Seaside on Milos Island, the resort comprises 30 luxurious suites, each and every with a personal pool, and is lately a part of the Small Luxurious Resorts of the International assortment. The resort is now set to be operated by way of Greek luxurious operator Domes Inns, and the brand new homeowners are making plans to enlarge the valuables. Prodea and Invel introduced the fund in June 2021 and likewise lately invested within the Resort Bellevue in Cortina d’Ampezzo in Italy.

Memmo Resorts acquires Resort Paul do Mar Sea View in Madeira, Portugal
Memmo Resorts has got the previous four-star 60-room Resort Paul do Mar Sea View within the Calheta district at the island of Madeira. Memmo is predicted to hold out refurbishment paintings at the belongings, on the other hand, main points at the worth of the funding or imaginable opening date have no longer been disclosed. Affiliated with Design Resorts, Memmo Resorts lately has 3 homes in its portfolio, Memmo Baleeira in Sagres at the south coast of Portugal, and two inns in Lisbon: Memmo Alfama and Memmo Príncipe Actual.

About HVS

HVS is the arena’s main consulting and valuation services and products group targeted at the resort, eating place, shared possession, gaming, and recreational industries. Established in 1980, the corporate plays greater than 4,500 assignments in step with yr for just about each main business player. HVS principals are considered the main execs of their respective areas of the globe. Thru a global community of over 50 workplaces staffed by way of 300 skilled business execs, HVS supplies an exceptional vary of complementary services and products for the hospitality business. For additional data relating to our experience and specifics about our services and products, please seek advice from www.hvs.com.



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