Vivenio, Millenium & Atom Invested €543M in New Purchases in 2019

9 January 2020 – Eje Prime

Vivenio and the hotel Socimis drove the MAB in 2019. The Socimi controlled by Renta Corporación, plus Millenium Hoteles and Atom Hoteles together invested €543 million in new acquisitions during 2019. That figure accounted for 71.2% of all the funds spent on asset purchases by the MAB’s Socimis during the year.

Specifically, Vivenio invested €234 million, including €75.5 million on some of the Operación Calderón plots; Millenium closed 3 operations amounting to €192.4 million, including the purchase of 2 buildings in central Madrid which it is going to convert into a 5-star hotel; and Atom Hoteles spent €116.6 million on 5 hotels in Madrid, A Coruña, Cádiz, Tenerife and Gran Canaria.

In total, all of the Socimis on the MAB spent €762.1 million on the purchase of assets during 2019, up by 34.1% compared to 2018.

Original story: Eje Prime (by Marc Vidal Ordeig)

Translation/Summary: Carmel Drake

CBRE: Hotel Investment Fell by 49% in 2019 Due to Lack of Large Deals

8 January 2020 – Expansión

According to CBRE, investment in the hotel real estate sector amounted to €2.5 billion in 2019, down by 49% YoY. In total, 126 hotels changed hands last year, containing 15,000 rooms, together with another 3,200 planned rooms.

Most of the transacted properties were individual assets (72%), with just 28% of the hotels forming part of portfolios, down from 65% in 2018. The main reason for the decrease is a reduction in corporate operations in 2019. Blackstone took the market by storm in 2018 when it made a takeover bid for the Socimi Hispania, which was the largest hotel owner in Spain.

By type of asset, more than half of investors (51%) invested in urban assets in 2019, resulting in a decrease in investment in the vacation sector.

Original story: Expansión (by Rocío Ruiz)

Translation/Summary: Carmel Drake

CBRE GI to Invest €350M in Real Estate Projects in 2020

6 January 2020 – Eje Prime

CBRE GI is entering the real estate finance market. Following its acquisition of Laxfield Capital, a British real estate debt platform, at the end of last year, the group has announced that it is going to invest €350 million in new purchases in 2020, focusing not only on the acquisition of assets but also on the commissioning of real estate projects.

CBRE GI already reported that the Spanish market will be a clear objective for this new line of business. Last year, the firm invested €350 million in Spain and Portugal, where it currently owns 13 shopping centre, 43 logistics platforms, 3 office buildings, 10 hotels, 37 halls of residence and 73 homes.

Original story: Eje Prime 

Translation/Summary: Carmel Drake

Millenium Acquires Plot of Land in Sotogrande for €33.2 Million

6 January 2020 Millenium Hotels Real Estate I has acquired beachfront land, including two golf courses, in the area around Sotogrande, Cádiz, for 33.2 million euros. The asset includes a 90,000-m2 plot of land in the Hacienda de San Roque estate, along with the companies Alcaidesa Holding and Alcaidesa Golf. Between them, those firms control an urban plot of land with 50,000 m2 of land for residential and hotel use, two golf courses and a clubhouse.

The socimi intends to develop a 5-star resort with almost 400 rooms (150 in the main building and the rest in 53 villas). The new development will also have several swimming pools, a gym, spa, sports areas, meeting rooms, restaurants and two 18-hole golf courses (Alcaidesa Link and Heathland Golf).

Millenium Hotels Real Estate I ha adquirido terrenos frente al mar, incluidos dos campos de golf, en los alrededores de Sotogrande, Cádiz, por 33,2 millones de euros. El activo incluye un terreno de 90,000 m2 en la finca Hacienda de San Roque, junto con las compañías Alcaidesa Holding y Alcaidesa Golf. Entre ellas, esas empresas controlan una parcela urbana con 50,000 m2 de terreno para uso residencial y hotelero, dos campos de golf y una casa club.

La socimi tiene la intención de desarrollar un complejo de 5 estrellas con casi 400 habitaciones (150 en el edificio principal y el resto en 53 villas). El nuevo desarrollo también tendrá varias piscinas, un gimnasio, spa, áreas deportivas, salas de reuniones, restaurantes y dos campos de golf de 18 hoyos (Alcaidesa Link y Heathland Golf).

Original Story: La Vanguardia – P. R. D.

Translation/Summary: Richard D. Turner

Deutsche Hospitality to Open the Zleep Hotel Madrid Airport

5 January 2020 Deutsche Hospitality has signed an agreement to open the first Zleep Hotel in Spain, also its first outside of Scandinavia. The 280-room Zleep Hotel Madrid Airport will in the area around the Madrid-Barajas international airport.d

Deutsche Hospitality acquired Zleep Hotels at the start of 2019 and currently runs twelve hotels in Denmark and Sweden.

Deutsche Hospitality ha firmado un acuerdo para abrir el primer hotel Zleep en España, también el primero fuera de Escandinavia. El Zleep Hotel Madrid Airport de 280 habitaciones se ubicará en los alrededores del aeropuerto internacional de Madrid-Barajas.

Deutsche Hospitality adquirió Zleep Hotels a principios de 2019 y actualmente administra doce hoteles en Dinamarca y Suecia.

Original Story: Hospitality.net

Translation/Summary: Richard D. Turner

UK’s Reuben Brothers Buy the Hotel Pacha Ibiza

4 January 2020 The Reuben brothers, the fourth wealthiest family in the UK, have acquired the Hotel Pacha in Ibiza through a joint venture with the Pacha Group. The Reubens will finance Pacha’s expansion in Ibiza and around the world.

The new joint venture will renovate the existing 57-suite hotel and possibly build an extension in the adjoining parking lot.

The deal marks the Reubens third acquisition on Ibiza. The brothers also paid 40 million euros to buy up 166 hectares of protected land on the island.

Los hermanos Reuben, la cuarta familia más rica del Reino Unido, han adquirido el Hotel Pacha en Ibiza a través de un joint-venutre con el Grupo Pacha. Los Reubens financiarán la expansión de Pacha en Ibiza y en todo el mundo.

La nueva empresa conjunta renovará el hotel existente y posiblemente construirá una extensión en el estacionamiento contiguo.

El acuerdo marca la tercera adquisición de los Reubens en Ibiza. Los hermanos también pagaron 40 millones de euros para comprar 166 hectáreas de tierra protegida en la isla.

Original Story: Preferente.com

Translation/Summary: Richard D. Turner

European Court of Justice Rules Against France in Airbnb Case

3 January 2020 The European Court of Justice has ruled that Airbnb cannot be considered a real estate agency. Therefore, the firm may not be governed under the corresponding regulations. The court determined that the platform should be treated as a data services company since it does not set any rental prices.

The Court added that Airbnb’s activity fell within the scope of the 2000 Directive on e-commerce and ruled that France, which had originally filed the petition, may not require the firm to obtain licensing as a real estate agency.

El Tribunal de Justicia de la Unión Europea ha sentenciado que Airbnb no puede ser considerado una inmobiliaria y, por lo tanto, no puede ser regido según las regulaciones correspondientes. El tribunal determinó que debe tratar la plataforma como una empresa de servicios de datos, ya que no establece ningún precio de alquiler.

El Tribunal agregó que la actividad de Airbnb estaba dentro del alcance de la Directiva 2000 sobre comercio electrónico y dictaminó que Francia, que originalmente había presentado la petición, no puede exigir a la empresa que obtenga una licencia como inmobiliaria.

Original Story: Preferente.com

Translation/Summary: Richard D. Turner

Millenium to Undertake €400 Million in Capital Increases

3 January 2020 Shareholders of the hotel investment socimi Millenium have approved two new capital increases of up to 400 million euros. The socimi will undertake the increases within the coming year, according to a statement the socimi submitted to the Alternative Stock Market (MAB).

Los accionistas de la socimi de inversión hotelera Millennium han aprobado dos nuevos aumentos de capital de hasta 400 millones de euros. La socimi emprenderá los aumentos dentro del próximo año, según un comunicado que la socimi presentó al Mercado de Valores Alternativos (MAB).

Original Story: Eje Prime

Translation/Summary: Richard D. Turner

Atom Hoteles Acquires NH Las Tablas for €21.3 Million

3 January 2020 The socimi Atom Hoteles, which Bankinter and Global Myner Advisors Capital Investment incorporated in 2018, has acquired the NH Las Tablas hotel in Madrid for 21.3 million euros.

The 4-star hotel is located in Madrid at Avenida de Burgos 131. The hotel has 149 rooms and 174 parking spaces.

 

La socimi Atom Hoteles, que Bankinter y Global Myner Advisors Capital Investment incorporaron en 2018, adquirió el hotel NH Las Tablas en Madrid por 21,3 millones de euros.

El hotel de 4 estrellas se encuentra en Madrid, en la Avenida de Burgos 131. El hotel cuenta con 149 habitaciones y 174 plazas de aparcamiento.

Original Story: Expansión

Translation/Summary: Richard D. Turner

 

Millenium Hotels Acquires Golf Assets from Alcaidesa for €15.2 Million

18 December 2019 – Millenium Hotels Real Estate, a real estate investment fund based in Spain, has reached an agreement with the construction company Constain to acquire land and two golf courses from the Alcaidesa Holding SAU and its subsidiary Alcaidesa Golf SLU for 15.2 million euros.

Alcaidesa had owned and operated the two golf courses, the land and a clubhouse in the municipality of La Linea de la Concepción and San Roque (Cádiz). Alcaidesa Golf is marketed as a paradise for golf lovers in the Mediterranean. There are two professional golf courses, Alcaidesa Links and Alcaidesa Heathland.

Original Story: ABC de Sevilla – Soraya Fernández

Adaptation/Translation: Richard D. K. Turner