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Europe, Middle East and Africa Hotel Deals and Developments: Marriott’s Tribute Portfolio Brand Makes Debut in United Arab Emirates

Minor Hotels’ Avani Hotels & Resorts Opens First Hotel in The Netherlands
Marriott International and owner The First Group have opened the 491-room The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel, in Dubai. (Marriott International)
Marriott International and owner The First Group have opened the 491-room The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel, in Dubai. (Marriott International)
CoStar News
July 3, 2024 | 7:01 P.M.

This roundup features the latest hotel deals and developments in the Europe, Middle East and Africa region.

CBRE Completes Development of England Property

CBRE Investment Management has completed the development of a new-build, 188-room Premier Inn hotel in York, England. Operator Whitbread PLC has signed a 25-year lease agreement for 25 years on the property, which used to be a carpet warehouse.

Tribute Portfolio Debuts in UAE

Marriott International’s soft-brand Tribute Portfolio has made its debut in the United Arab Emirates with the 491-room The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel. The owner is Dubai-based The First Group.

IHG, Novum Hospitality Open First Holiday Inn - The Niu Property

In June, IHG Hotels & Resorts and owner Novum Hospitality opened the first of a new partnership with the Holiday Inn - The Niu brand that comes on the back of an agreement between the two entities in April for which the expectations are for 200 hotels across 100 German cities. The debut hotel is the 177-room Holiday Inn - The Niu Cure in Erlangen. Some of those 200 hotels will derive from Novum’s existing portfolio.

Avani Hotels Debuts in the Netherlands

Avani Hotels & Resorts, a brand of Minor Hotels, has opened its first hotel in the Netherlands in the 163-room Avani Museum Quarter Amsterdam Hotel, which is four blocks from the Museumplein park and Van Gogh Museum.

Former Hilton Athens To Rebrand

Ionian Hotel Enterprises, which is redeveloping the former Hilton Athens that opened in 1963, has announced the property will be reborn as the 278-room Conrad Athens, another brand from Hilton. Ionian said the investment will eventually reach €340 million ($365.4 million) and include 55 residences branded as either Conrad or Waldorf Astoria and numerous non-hotel restaurants, entertainment facilities, wellness options and a members’ club.

Zannier Hotels Bendor To Open in 2026

The 93-room Zannier Hotels Bendor on the 17-acre Mediterranean isle of Bendor on the southern French coast close to Saint-Cyr-sur-Mar and Toulon will open in spring 2026. The former isle and home of French industrialist Paul Ricard, famous for the brand of anise-flavored aperitif that bears his name, is owned by Société Richard, who has signed a management deal for the hotel with Zannier Hotels.

HR Group Acquires 34-Hotel Portfolio

Germany hotel firm HR Group has acquired 34 hotels from Centro Holding and Centro Hotel Management. The deal consists of approximately 2,800 rooms across several European countries, and the brands included run to Boutique, Centro Hotels, FourSide, NinetyNine and NYCE. No financial numbers were disclosed.

TFE Hotels To Debut Aparthotel Brand in Europe

Australian firm TFE Hotels is to debut its aparthotel brand A by Adina in Europe with the opening of the A by Adina Vienna Danube in the Austrian capital. In cooperation with owners S+B Group and Soravia, the hotel will have 120 rooms and will open in 2025. Adina’s eponymous brand has 18 hotels in Europe.

Accor Opens Hotel in Democratic Republic of Congo

Accor has opened the 120-room Novotel Lubumbashi in the Democratic Republic of Congo in Lubumbashi, the country’s second-largest city. It sits on the city’s Lake Kipopo and is 20 miles from the border with Zambia.

Helsinki Hotel To Be Renovated

The 117-room, independent Hotel Maria in Helsinki is enlarging the property to include two adjacent buildings, Liisankatu 8A and Maneesikatu, which will double the room count.

Bet Capital Group To Acquire Izán Hotels Group

Spanish family office Bet Capital Group has acquired Spanish hotel firm Izán Hotels Group, subject to official approval. The hotel firm has five hotels — three operated by Izán, the rest operated by white-label firms — and 663 rooms across the country.

Ruby Hotels Opens Property in Dublin

German hotel firm Ruby Hotels has opened the 272-room Ruby Molly in Dublin and announced the signing of a 225-room Ruby-branded hotel in Rotterdam, with its opening date not yet announced.

Mar-Bella Collection To Open Hotel on Greek Island

Mar-Bella Collection will open its fourth hotel this summer in the 76-room Avali on the Greek island of Corfu. The firm already has two hotels on the island, its third property being on the Greek mainland, in a spot called Parga, which sits opposite Corfu.

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