In Brief: HVS reports on key hotel sales and investment activity across Europe for the week ending 23 October 2026
Alma and Midstar acquire five hotels in Denmark from Pandox
Swedish real estate investor Alma Property Partners, through its fourth diversified value-add real estate fund Alma IV, together with Swedish hotel asset manager Midstar AB, has entered into an agreement to acquire a portfolio of five hotels (928 rooms) in Denmark from Swedish hotel investor Pandox AB. The portfolio includes four properties in Greater Copenhagen, namely the four-star, 200-room Motel One Copenhagen, the four-star, 215-room Scandic Sluseholmen, the four-star, 207-room Scandic Hvidovre, and the four-star, 120-room Scandic Glostrup; as well as the four-star, 186-room Scandic Kolding in the city of Kolding in southeast Jutland. The reported underlying value of the properties, before deduction of deferred tax, amounts to DKK 1,155 million (DKK 1.24 million per room), which is approximately €154.8 million (€167,000 per room). All properties are let on long-term leases to Scandic and Motel One.
Västerkulla Hotell AB acquires two Scandic hotels in Sweden from Pandox
In a separate transaction, Swedish hotel investor Västerkulla Hotell AB has entered into an agreement to acquire the four-star, 170-room Scandic Hallandia in Halmstad, Sweden, and the four-star, 150-room Scandic Kalmar Väst in Kalmar, Sweden, from Pandox AB. The reported underlying value of the properties, before deduction of deferred tax, is SEK 369 million (SEK 1.15 million per room), which is approximately €33.6 million (€105,000 per room). Both properties are let on long-term leases to Scandic. The two transactions are expected to close in the fourth quarter of 2026.
British Land sells Novotel London Paddington to private investor
British real estate investment trust British Land has sold the four-star, 206-room Novotel London Paddington in the UK to a private overseas investor for £63 million (£305,800 per room). The property is situated by Paddington station, Great Britain’s third-busiest railway station. The hotel, which was built in 2008, includes a restaurant, bar, swimming pool and 11 meeting rooms. It is operated by French owner-operator Essendi. British Land acquired the hotel in 2013 as part of its £470 million purchase of the Paddington Central campus, and retained full ownership of it when it sold a 75% stake in the wider campus to Singapore’s GIC for £694 million in 2022.
Leonardo acquires Steigenberger Kiel and Holiday Inn Express Regensburg in Germany
Leonardo Hotels, the European division of the Israeli owner-operator Fattal Hotel Group, has acquired the four-star, 164-room Steigenberger Conti Hansa in Kiel, situated on the Baltic Sea in the north of Germany; and the three-star, 144-room Holiday Inn Express Regensburg located in Bavaria in southern Germany. Both properties have city-centre locations and include a restaurant, bar and meeting rooms. The Kiel hotel has been rebranded as the Leonardo Royal Conti Hansa Kiel, while the Regensburg hotel now operates as the Leonardo Smart Regensburg.
Amundi acquires Bikini Hotel Port de Sóller in Mallorca from JP Immobilien
Amundi Real Estate Italia SGR, a subsidiary of European asset manager Amundi and through its Nexus 4 Real Estate Fund, has acquired the four-star, 114-room Bikini Island & Mountain Hotel Port de Sóller in Mallorca, Spain, from Austrian real estate developer and investor JP Immobilien. The hotel is situated near the beach and harbour of Port de Sóller on Mallorca’s northwest coast, and includes a restaurant, two bars and two meeting rooms. JP Immobilien acquired the property and carried out a complete refurbishment in 2018 to reposition the existing hotel under the adults-only, lifestyle Bikini Island & Mountain Hotels brand. Until this sale, all Bikini Island & Mountain Hotels were owned by JP Real Estate and co-investors.
Czech Inn Hotels and Dosfield Group acquire DoubleTree Vienna Schönbrunn
Czech owner-operator Czech Inn Hotels, together with Czech hotel asset-management firm Dosfield Group, has acquired the four-star, 247-room DoubleTree by Hilton Vienna Schönbrunn in Austria. The property is situated in Vienna’s 14th district next to the Vienna Museum of Science & Technology and a short walk from Schönbrunn Palace. The hotel includes a restaurant, bar and eight meeting rooms. In September 2026, Dosfield acquired the four-star, 416-room Prague Marriott Hotel together with J&T Finance, as reported in this newsletter.
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