Latest HITs: Sale in Barcelona; Aprirose growth; $137M deal closes

Barcelona's Sofia sold. Barcelona remains a hot deal market as Blasson Property Investments and Axa are reportedly acquiring from Brookfield the Sofía hotel (part of Hyatt’s Unbound Collection) in Barcelona for €180 million. Brookfield bought the hotel in 2021 as part of a €440 million deal to buy Selenta hotels.

Growth for Aprirose. London-based real estate investor Aprirose has acquired the freehold on the 96-room Travelodge in the affluent suburb of London, Whetstone, for an undisclosed price. The property is let to Travelodge with 18 years remaining on the lease. Aprirose’s dedicated platform for owned and operated hotels now sits at 65 properties, including Delta Hotels by Marriott, DoubleTree by Hilton and the Qhotels portfolio, which comprises 20 country house, hotel and spa assets.

$137M deal closes. NewcrestImage and Hospitality Capital Partners have closed on the acquisition of 16 Marriott International-branded hotels (2,155 rooms) for $137.3 million from Service Properties Trust, a Massachusetts-based REIT. NewcrestImage leadership said they were able to complete this transaction by breaking it up into three deals with three different lenders. The portfolio consists of 13 Courtyard by Marriotts and three Residence Inn by Marriott hotels across nine states. Eleven of the properties underwent major renovations between 2018 and 2019. HCP and its principals have owned almost 50 hotels in the western United States, while Dallas-based NewcrestImage owns more than 70 hotels across the country with almost 8,000 rooms.