{"id":118929,"date":"2020-01-06T00:00:00","date_gmt":"2020-01-05T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/french-group-covivio-invested-eur-620-million-in-the-acquisition-of-several-hotels-in-europe\/"},"modified":"2026-03-07T18:09:51","modified_gmt":"2026-03-07T16:09:51","slug":"french-group-covivio-invested-eur-620-million-in-the-acquisition-of-several-hotels-in-europe","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/french-group-covivio-invested-eur-620-million-in-the-acquisition-of-several-hotels-in-europe\/","title":{"rendered":"French group Covivio invested EUR 620 million in the acquisition of several hotels in Europe"},"content":{"rendered":"<div>On January 6, the French real estate investment group Covivio announced that it had acquired a portfolio of luxury hotels in Europe for approximately EUR 620 million.<\/div>\n<div><\/div>\n<div>Covivio stated that it signed an agreement with the private equity group Varde regarding the acquisition of 8 luxury hotels located in Rome, Florence, Venice, Nice, Prague, and Budapest for the sum of EUR 573 million. The French group added that it also acquired a Hilton chain hotel in Dublin, for which it paid EUR 45.5 million.<\/div>\n<div><\/div>\n<div>The transaction between Covivio and Varde comes after a series of transactions in the European luxury hotel sector, including the takeover of the German hotel group Steigenberger by the Chinese group Huazhu Group.&nbsp;<\/div>\n<div><\/div>\n<div>Also, in 2017, Varde took over a portfolio of nine hotels from the Italian group Boscolo, with properties including famous hotels such as the Grand Hotel dei Dogi in Venice and Palazzo Naiadi in Rome.&nbsp;<\/div>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Which hotels were included in Covivio&#8217;s acquisition?<\/strong><\/p>\n<p>The acquisition includes 8 luxury hotels in major European cities like Rome, Florence, Venice, Nice, Prague, and Budapest, plus a Hilton hotel in Dublin.<\/p>\n<p><strong>Who was the seller of the luxury hotel portfolio?<\/strong><\/p>\n<p>The majority of the portfolio was purchased from the private equity group Varde, which had previously acquired the properties from the Boscolo group.<\/p>\n<p><strong>What was the total value of the investment?<\/strong><\/p>\n<p>The total investment amounted to approximately EUR 620 million, with EUR 573 million for the 8-hotel portfolio and EUR 45.5 million for the Dublin Hilton.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 6, the French real estate investment group Covivio announced that it had acquired a portfolio of luxury hotels in Europe for approximately EUR 620 million. Covivio stated that it signed an agreement with the private equity group Varde regarding the acquisition of 8 luxury hotels located in Rome, Florence, Venice, Nice, Prague, and&hellip;<\/p>\n","protected":false},"author":0,"featured_media":67919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[],"thb-sponsors":[],"class_list":["post-118929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=118929"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/118929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/67919"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=118929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=118929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=118929"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=118929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}