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Europe, Middle East and Africa Hotel Deals and Developments: Dana Rayhaan Opens in Saudi Arabia

Union Investment Buys 25Hours Hotel Copenhagen Paper Island in Scandinavia
The 285-room Dana Rayhaan has opened in the Saudi Arabian city of Damman. (Rotana)
The 285-room Dana Rayhaan has opened in the Saudi Arabian city of Damman. (Rotana)
Hotel News Now
September 28, 2022 | 10:00 AM

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

Dana Rayhaan by Rotana

Rotana has opened the 285-room hotel in the Saudi Arabian city of Damman.

Hotel Indigo Jeddah

IHG Hotels & Resorts and owner Saudi Investment Group & Marketing Co. have signed a management agreement for the 267-room hotel, which is set to open in early 2028 with 173 serviced apartments.

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25hours Hotel Copenhagen Paper Island

German real-estate firm Union Investment has made its debut investment in Scandinavia with the acquisition of the 128-room hotel, which is part of the regenerated Paper Island cultural and entertainment project due to open in 2024.

Sheraton Rhodes Resort on the Greek island of Rhodes

Spanish real estate investment trust Azora, via its the Azora European Hotel & Lodging Fund, has acquired the 401-room hotel. It is Azora’s first asset in the country, and the seller is Lampsa Hellenic Hotels S.A.

Palazzo Marini in Rome

Fort Partners Puerto Rico LLC has bought the hotel 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.

La Maison in Doha

Dubai-based Aleph Hospitality has signed its first management agreement in Doha, Qatar, host city of the 2022 FIFA World Cup, to operate the 448-room hotel beginning in November. The hotel features three towers.

Hotel Bellevue Cortina d’Ampezzo

Athens-based Prodea Investments (75%) and Jersey, Channel Islands-based Invel Real Estate (25%), which owns 98% of Prodea, have acquired the ski resort in Cortina, Italy, for 49 million euros and plans a 25-million-euro renovation of the property. Parts of the 2026 Winter Olympics will take part in the destination.

Radisson Red Gdańsk

Radisson Hotel Group has debuted its Radisson Red brand in Poland with the 30-room hotel in the city known as the birthplace of trade union Solidarity.

DeVere Selsdon Estate

Owner Aprirose has announced the property in Croydon, South London, which contains the 150-room Selsdon Park Hotel, is to become the second location for its lifestyle brand Birch and will reopen in 2023.

Room Mate Acquisition

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 in debt. Room Mate has 15 hotels.

InterContinental Athénée Palace Bucharest

IHG has signed a deal with owner ANA Hotels to operate the hotel starting on Jan. 1, 2023. The hotel is in a 1914 building in the Romanian capital. Hilton will manage the 284-room hotel until the end of this year.

IntercityHotel Muscat

Deutsche Hospitality opened the 273-room hotel in the Omani capital on Sept. 1.

To have your hotel deal or development included on this list, contact Terence Baker, news editor, Europe, here.

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