Investments and deals in the European hotel market, which has a Greek imprint, started in 2026 on a positive note, according to the latest data released by HVS.
Among the deals that took place is the acquisition of the five-star Cora Resort and Spa, with a capacity of 181 rooms, in Afitos, Chalkidiki, by the Israeli Fattal Hotel Group, which was revealed by www.money-tourism.gr.
The resort, which was acquired by the Israeli hotel group from the American private equity firm Bain Capital, is located on the Kassandra peninsula in Chalkidiki and overlooks the Aegean Sea. It has four restaurants, three bars, a private beach, and two outdoor pools.
Bain reopened the hotel in July 2023, after a €24 million renovation (€132,600 per room) and upgrading it to a five-star hotel.
Fattal will rename the hotel to Meravia Hotel by Leonardo Limited Edition.
Additionally, the top transactions include the successful completion of the sale of W London Leicester Square in the United Kingdom, announced by HVS Hodges Ward Elliott, as the exclusive representative, on behalf of a private investor from the Middle East. The property is located in a prime location in Leicester Square, in London’s West End.
The project, completed in 2011, includes the W Hotel with 192 rooms, 11 two-story residences, and a 3,228 square meter store operated by M&M’s. The hotel also features a restaurant and bar, two meeting rooms, a screening room, and a spa, as well as an additional restaurant that has been leased to Burger & Lobster.
Additionally, the Spanish tourism group Grupo Hotusa purchased the five-star Grand Hotel Vienna in Austria, with a capacity of 205 rooms, from the hotel’s management for a sum that, according to reports, is just under 100 million euros. The hotel is located in Vienna’s central district, next to the State Opera, and first opened in 1870. Today, it operates four restaurants, two bars, and twelve meeting rooms on its premises. It was previously owned by Austrian-Saudi Arabian investor Mohamed Bin Issa Al Jaber, who bought it in 2002.
Meanwhile, Dubai Holding, a state-owned investment company from the United Arab Emirates, acquired the 121-room five-star Jumeirah Port Sóller Hotel & Spa in Mallorca, Spain. The company acquired the hotel from German REIT Deka Immobilien, which owned the property through the open-ended real estate fund WestInvest InterSelect. The hotel is located above Port de Sóller, on the northwest coast of Mallorca, overlooking the Mediterranean and the Serra de Tramuntana mountain range, a UNESCO World Heritage Site. It has three restaurants, two bars, and four meeting rooms on its premises and has been leased to Jumeirah since it opened in 2012. Deka acquired the property in 2007 as a development project and expanded it further in 2015 through the acquisition of a neighboring plot of land. Dubai Holding will continue to operate the hotel under the name Jumeirah.
The London-based private equity firm Orion Capital Managers, through the Orion European Real Estate Fund VI, acquired 72% of the shares of the five-star Corinthia Lisbon hotel in Portugal from the Maltese hotel and real estate development company International Hotel Investments (IHI), owner of the Corinthia Hotels Group. IHI will retain the remaining 28%, and Corinthia will continue to manage the hotel, which has 518 rooms. The hotel is located between Lisbon Zoo and Monsanto Park and is the largest five-star hotel in the city. The premises include a 3,000-square-meter spa, three restaurants and bars, two lounges, and 16 meeting rooms. The rooms, spa, and dining establishments have recently undergone a complete renovation. This acquisition marks the first capital investment of Orion Fund VI.
Staying in the Portuguese market, the French real estate investor Covivio, through its subsidiary Covivio Hotels, has entered into an agreement to acquire the Meininger Hotel, a three-star hotel with 228 rooms, in Porto, Portugal, whose construction is expected to begin in the first quarter of 2026. The hotel was acquired by Covivio from Eiffage Immobilier Portugal, a subsidiary of the French real estate development company Eiffage, for 31.6 million euros (138,600 euros per room). The hotel is scheduled to open in the second half of 2028, at which time the sale will be completed. The hotel will be located in the Bonfim area of Porto and will be operated by Meininger under a 20-year lease agreement.
The Italian asset management company Castello Sgr, through one of the mutual funds managed by the Hospitality Italian Infrastructure Platform (HIIP), acquired the Calampiso Resort in Sicily, Italy. Covering an area of over 150,000 square meters and located on the northwest tip of Sicily, the resort has approximately 250 rooms and apartments and is set to become a high-end destination. The €100 million investment is expected to include new restaurants, meeting and event spaces, a 2,000 square meter spa, and indoor and outdoor pools. The resort will bring the brand and operate under the “umbrella” of a top international hotel group, with its reopening scheduled for 2029.
Additionally, the Italian asset management company CDP Real Asset SGR, through the National Tourism Fund (FT2), acquired the four-star Ibis Styles Roma Eur hotel in Rome from Italian owner-manager Gruppo Amapa for 28 million euros (146,600 euros per room). The hotel, with 191 rooms, first opened in 2012 and is located in the southern Eur area of Rome, near the Palasport metro station. The premises include a restaurant, a bar, and two meeting rooms. With this acquisition, the FT2 Fund’s portfolio reaches 22 hotels.
The French asset management company Osae Partners bought the 3-star Hôtel Sèvres Saint Germain hotel, with 30 rooms, in Paris for approximately 20 million euros (666,700 euros per room). The hotel has a restaurant for breakfast and a bar, and is located in the center of Saint-Germain, in the 6th arrondissement of Paris. Osae plans to renovate the entire hotel, create a wellness area, and turn it into a four-star hotel. In December 2025, Osae sold the four-star Hôtel Filigrane & Spa, with 43 rooms, in Paris.
