Published hotel transactions — European selection

Limited selection of transactions identified in releases by the parties, checked on 9 September 2026. Each amount retains its published scope. This selection does not measure Luxembourg or Greater Region market volume.

Approximate amounts are not appraisal values. Uncorroborated prices, category averages and implied capitalisation rates from the previous table are not retained. No market total is inferred from these examples.

Country

Crowne Plaza Antwerp

Antwerp — Belgium

Agreement announcement: 2025-12-02
Reported completion: 2026-02-02
Approximate published amount: ≈ 19,000,000 €
Published rooms: 262
Approximate published amount / room: ≈ 72,519 €
Release publisher: Pandox

Pandox disposal: approximately €19 million for the hotel property and operations, with 262 rooms. Completion announced on 2 February 2026; agreement announced on 2 December 2025.

Completion release

Pullman Cologne

Cologne — Germany

Agreement announcement: 2025-03-06
Reported completion: 2025-04-01
Approximate published amount: ≈ 66,000,000 €
Published rooms: 275
Approximate published amount / room: ≈ 240,000 €
Release publisher: Pandox

Pandox acquisition of a hotel property leased to AccorInvest: approximately €66 million including stamp duty, with 275 rooms. Agreement on 6 March 2025 and completion on 1 April 2025. This is not a property price excluding duties.

Completion release Agreement scope

The per-room ratio divides the approximate published amount by the rooms in that transaction. It retains duties and operations where included; it is not an adjusted comparable for another hotel.

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