Transaction / Assets Hotel portfolioSeller Varde PartnersBuyer Covivio€ MM 600
Covivio acquired hotel portfolio from Värde Partners for 600 million
07 January, Il Sole 24 Ore
In the last days of 2019, Covivio entered an agreement for the acquisition of a hotel portfolio from the luxury hotel chain The Dedica Anthology owned by Värde Partners and valued 600 million euro. The portfolio consists of eight hotels, including iconic hotels such as the Exedra Hotel in Rome, the New York Palace in Budapest, and the Grand Hotel dei Dogi in Venice. The hotels will offer 1000 rooms in total and will be managed by Nh Hotels.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi