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HVS Europe Hotel Transactions Update – Week Ending May 8, 2026

Calena Partners Acquires Three Hotels in Spain from HIP

In a significant move within the European hospitality sector, Spanish real estate investment company Calena Partners has successfully acquired a portfolio of three hotels in Spain from Hotel Investment Partners (HIP). This strategic acquisition, valued at approximately €200 million (or about €225,500 per room), marks a notable investment in the Spanish tourism market, which has been rebounding post-pandemic.

The portfolio includes two prime properties located in the picturesque island of Mallorca: the luxurious five-star, 260-room Fergus Style Tobago and the family-friendly four-star, 417-room Barceló Ponent Beach. Additionally, the acquisition encompasses the three-star, 210-room Corallium Beach by Lopesan situated in the stunning Canary Islands. All three hotels boast prime seaside locations, ensuring they remain attractive destinations for both leisure and business travelers.

Notably, the transaction was structured as a club deal, involving several Spanish family offices, which reflects a growing trend of collaborative investments in the hospitality sector. Importantly, all properties will retain their current operators, ensuring continuity in service and management.

Victory Group Acquires Cameron House on Loch Lomond, Scotland, from KSL

In another noteworthy transaction, London-based real estate investment company Victory Group has acquired the iconic five-star Cameron House on the shores of Loch Lomond, Scotland. The deal, reportedly valued at £100 million (approximately £481,000 per room), underscores the enduring appeal of Scotland as a luxury travel destination.

Cameron House is not just a hotel; it’s a comprehensive resort featuring five restaurants, three bars, two golf courses, and three swimming pools, making it a prime choice for both relaxation and recreation. Located about an hour northwest of Glasgow, the property offers breathtaking views and a serene environment, attracting visitors year-round.

Victory Group has ambitious plans for the property, intending to invest significantly in enhancing the hotel’s wellness and service offerings. This focus on wellness aligns with current trends in the hospitality industry, where guests increasingly seek holistic experiences during their stays.

Aberdeen Acquires B&B Hotel Luxembourg Centre Cloche d’Or from Nextensa and Promobe

Shifting focus to Luxembourg, British asset management company Aberdeen Investments, acting on behalf of Irish Life Investment Managers, has acquired the three-star, 150-room B&B Hotel Luxembourg Centre Cloche d’Or. The acquisition price stands at €37.4 million (or €249,000 per room), reflecting the growing demand for budget-friendly accommodations in key European cities.

Opened in September 2025, this hotel is strategically located in the southern part of Luxembourg City, just a ten-minute drive from the historic old town. Its modern amenities and convenient location make it an attractive option for both business and leisure travelers looking to explore the vibrant culture of Luxembourg.

Único Hotels Acquires CoolRooms Palacio de Luces in Spain

In a move that highlights the charm of Spain’s rich heritage, Único Hotels has acquired the five-star CoolRooms Palacio de Luces, a stunning 44-room hotel located in the scenic town of Luces. This acquisition from CoolRooms Hotels showcases Único’s commitment to enhancing its portfolio with unique and luxurious properties.

The hotel, housed in a beautifully restored 16th-century palace, is situated on Spain’s northern coast, near the seaside town of Llanes in Asturias. It is affiliated with Small Luxury Hotels of the World, which speaks to its high standards of service and quality. The property features a restaurant, bar, and spa with a swimming pool, making it an ideal retreat for discerning travelers.

Único Hotels plans to invest in upgrading the guest rooms, food and beverage spaces, and wellness areas, ensuring that the CoolRooms Palacio de Luces continues to offer an exceptional experience for its guests.

About HVS

Founded in 1980, HVS is the world’s leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. With a robust portfolio of over 4,500 assignments annually, HVS serves hotel and real estate owners, operators, investors, banks, and developers worldwide. The company operates through a network of approximately 60 offices and boasts a team of over 300 professionals, recognized as leading experts in their respective regions. HVS provides an unparalleled range of complementary services tailored to the hospitality industry. For more information, visit hvs.com.

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