Invesco adds three prime hotels to its European Hotel program
Invesco Real Estate has added three hotels to its European Hotel program in 2022 year-to-date.
The three new additions are Holiday Inn Express The Hague, Hotel Occidental 1929 Barcelona and Vinnci Selección Malaga. Each asset represents the very best of its class, with strong ESG profiles, and brings further diversification to Invesco’s European hotel portfolio across market segment, tenant profile and location. In total, the three acquisitions are valued at approximately €100 million ($106 million).
“We have seen a strong, post-COVID recovery in European travel and expect this momentum to improve further as we look across 2022 and beyond when we expect to see further compelling acquisition opportunities,” said David Kellett, managing director – hotel transactions at Invesco.
Chris Brassington, senior eirector – fund management at Invesco, added, “These latest additions in the Netherlands and Spain represent the very best of the European hotels m