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Gaia Palace Hotel – Image Credit Gaia Hotels
A summary of European hotel transactions provided by HVS
Azora acquires Medplaya Hotels in Spain
Spanish real estate investment trust Azora, via its European Hotel & Lodging Fund, has acquired Spanish owner-operator Medplaya Hotels. The deal includes six owned hotel properties in Spain – situated in Catalonia and the Costa del Sol – with a total of more than 1,500 rooms, as well as the operating company that manages an additional nine hotels. Azora plans to renovate the properties and reposition them. In 2019, Azora acquired seven hotels from Medplaya while keeping the company on as the operator through lease agreements, meaning that Azora now owns 13 of Medplaya’s 15 hotels.
Premia Properties to acquire Gaia Palace and Gaia Royal in Greece
Greek real estate investment firm Premia Properties has entered an agreement to acquire the five-star, 156-room Gaia Palace Hotel and the four-star, 284-room Gaia Royal Hotel in Mastichari on the Greek island of Kos. Situated next to each other, the properties are located a short walk from the beach east of Mastichari. Both hotels include a restaurant, bar and swimming pools. Premia plans to renovate both properties, with completion expected in May 2027. The total investment, including renovation costs, is set to amount to €73 million (€165,500 per room). Swedish operator Nordic Leisure Travel Group will manage the properties under a long-term, 20-year, triple-net lease.
Cofinance Group acquires Vintage Paris Gare du Nord
French real estate investment company Cofinance Group has acquired the 48-room Vintage Paris Gare du Nord in France. The property is situated in Paris’ 9th district between the Gare du Nord train station and the Basilica of Sacré Cœur de Montmartre. Cofinance aims to extensively renovate the property and reposition it as a four-star hotel. In September 2025, Cofinance sold the five-star, 103-room Les Cures Marines in Normandy, as reported in this newsletter.
HVS is the world’s leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.
Gaia Palace Hotel – Image Credit Gaia Hotels
A summary of European hotel transactions provided by HVS
Azora acquires Medplaya Hotels in Spain
Spanish real estate investment trust Azora, via its European Hotel & Lodging Fund, has acquired Spanish owner-operator Medplaya Hotels. The deal includes six owned hotel properties in Spain – situated in Catalonia and the Costa del Sol – with a total of more than 1,500 rooms, as well as the operating company that manages an additional nine hotels. Azora plans to renovate the properties and reposition them. In 2019, Azora acquired seven hotels from Medplaya while keeping the company on as the operator through lease agreements, meaning that Azora now owns 13 of Medplaya’s 15 hotels.
Premia Properties to acquire Gaia Palace and Gaia Royal in Greece
Greek real estate investment firm Premia Properties has entered an agreement to acquire the five-star, 156-room Gaia Palace Hotel and the four-star, 284-room Gaia Royal Hotel in Mastichari on the Greek island of Kos. Situated next to each other, the properties are located a short walk from the beach east of Mastichari. Both hotels include a restaurant, bar and swimming pools. Premia plans to renovate both properties, with completion expected in May 2027. The total investment, including renovation costs, is set to amount to €73 million (€165,500 per room). Swedish operator Nordic Leisure Travel Group will manage the properties under a long-term, 20-year, triple-net lease.
Cofinance Group acquires Vintage Paris Gare du Nord
French real estate investment company Cofinance Group has acquired the 48-room Vintage Paris Gare du Nord in France. The property is situated in Paris’ 9th district between the Gare du Nord train station and the Basilica of Sacré Cœur de Montmartre. Cofinance aims to extensively renovate the property and reposition it as a four-star hotel. In September 2025, Cofinance sold the five-star, 103-room Les Cures Marines in Normandy, as reported in this newsletter.
HVS is the world’s leading consulting and valuation services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 4,500 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of over 50 offices staffed by 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and specifics about our services, please visit www.hvs.com.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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