Europe Hotel Transactions Bulletin - Week Ending 20 May 2022

Abrdn acquires B&B Hotel Munich from Al Zayani

Scotland-based, global investment manager Abrdn (previously Standard Life Aberdeen) has acquired the 135-room B&B Hotel Munich for a reported €27 million (€200,000 per room) from Al Zayani Investments, the family office of Zayed Rashid Al Zayani, Bahrain’s Minister of Industry and Commerce. The hotel, which includes 1,200 sqm of retail, is located in Munich’s western Trudering-Riem borough, which is home to several of Munich’s major event spaces, including ICM International Congress Centre and Messe München.

Canica acquires P-Hotels Oslo from Norwegian Lutheran organisation

Norwegian billionaire Stein Erik Hagen’s holding company, Canica AS, has acquired the 93-room P-Hotels Oslo for a reported €35.5 million (€382,000 per room) from Norsk Luthersk Misjonssamband, an independent Lutheran organisation in Norway. The limited-service hotel is located in central Oslo, close to Karl Johans gate, Aker Brygge and many of the city’s main tourist attractions.

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