- German real-estate firm Union Investment has made its debut investment in Scandinavia with the acquisition of the 25hours Hotel Copenhagen Paper Island, with 128 rooms, and which is part of the regenerated Paper Island cultural and entertainment project due to open in 2024;
- Spanish real estate investment trust Azora, via its the Azora European Hotel & Lodging Fund, has acquired the 401-room Sheraton Rhodes Resort on the Greek island of Rhodes. It is Azora’s first asset in the country, and the seller is Lampsa Hellenic Hotels S.A.;
- Fort Partners Puerto Rico LLC has bought the Palazzo Marini in Rome for 165 million euros ($168 million) and will start the process of transforming it into a Four Seasons-branded hotel with 100 rooms. No reopening date has been announced for the property, which dates to the mid-16th Century;
- Athens-based Prodea Investments (75%) and Jersey, Channel Islands-based Invel Real Estate (25%), which owns 98% of Prodea, have acquired ski resort Hotel Bellevue Cortina d’Ampezzo in Cortina, Italy, for 49 million euros ($49.8 million) and plans a 25 million euros ($25 million) renovation of the property. Parts of the 2026 Winter Olympics will take part in the destination;
- Radisson Hotel Group has debuted its Radisson Red brand in Poland with the 30-room Radisson Red Gdańsk in the city known as the birthplace of trade union Solidarity;
- Owner Aprirose has announced that one of its assets, the DeVere Selsdon Estate, in Croydon, South London, and which contains the 150-room Selsdon Park Hotel, is to become the second location for its lifestyle brand Birch and will reopen in 2023;
- Following initial investment in Madrid-based Room Mate in April, investment funds Westmont Hospitality Group and Angelo Gordon have now completed the acquisition of the firm in a court-approved deal that secures more than 400 jobs and assumes for the new owners 40 million euros ($40.67 million) in debt. Room Mate has 15 hotels;
- IHG Hotels & Reorts and owner ANA Hotels have signed a deal, to begin on January 1, 2023, for the hotel firm to operate the InterContinental Athénée Palace Bucharest in a 1914 building in the Romanian capital. Hilton will manage the 284-room hotel until the end of this year.