Ares Management and EQ Group have sold the 151-room Novotel London Greenwich, exiting an asset they acquired in 2024 within a 21-hotel portfolio bought from Landsec for £400 million. HVS reported the transaction in its Europe Hotel Transactions Bulletin for the week ending 5 June 2026, alongside four further deals across Spain, Italy, France and the UK.

The four-star Novotel sits across the River Thames from Canary Wharf, next to Greenwich Station, and operates with a restaurant, bar and six meeting rooms. Ares and EQ have not disclosed the price of the disposal. The sale marks a rapid turnaround on the 2024 portfolio trade and signals that institutional owners see a window to realise value in London full-service assets.

Where did the capital move this week?

Servatur Hotels & Resorts bought the four-star, 312-room Allegro Isora in Tenerife from Hotel Investment Partners (HIP), the Spanish platform majority owned by Blackstone alongside Singapore's GIC. The property sits in Playa de la Arena on the island's southwest coast, roughly 30 minutes from Tenerife South Airport, with a restaurant, two bars and three swimming pools. Servatur plans an extensive renovation and will rebrand the hotel as Servatur Isora Suites.

In Italy, First Atlantic Real Estate and Signa SpA acquired the five-star, 70-room Lindenhof Pure Luxury & Spa DolceVita Resort in Naturno, South Tyrol, near the Austrian border and the Ötztal Alps. The property carries a 5,000 sqm wellness area with eight swimming pools, plus a restaurant and bar. The buyers intend to appoint a global operator to run the hotel from 2027, a timeline that points to a brand search running through 2026.

France contributed a Riviera exit. Extendam and its operating partner Ker Hospitality sold the four-star, 64-room The 1932 Hotel & Spa Cap d'Antibes — MGallery Collection to an undisclosed family office. The hotel lies 25 minutes from Nice Côte d'Azur Airport and 30 minutes from Cannes-Mandelieu Airport, with two restaurants, a bar, spa and two meeting rooms. The sellers bought the property in 2021, then renovated and repositioned it in 2022, lifting it from three stars to four and placing it into Accor's MGallery Collection. The disposal hands another branded Côte d'Azur asset to private wealth.

The UK provincial market also traded. Morgans Group acquired The Harper, a 32-room hotel in Langham, Norfolk, from hotelier Sam Cutmore-Scott. He opened the property in 2021 after investing £6 million — £187,500 per room — converting a former glass blowing factory near the Norfolk Coast National Landscape. The hotel holds a restaurant, bar, spa and events room, and earned a Michelin Key in 2024.

What do the deals tell operators and investors?

Three patterns stand out. First, private equity is harvesting: Ares and EQ monetised a Greenwich asset two years after the £400 million Landsec portfolio purchase, and Extendam exited a repositioned French hotel within four years of acquisition. Second, Blackstone-backed HIP continues to trim its Spanish resort inventory, with owner-operator Servatur the natural buyer for Canarian stock it can fold into its own brand. Third, private capital is stepping in at the luxury end — a family office taking Cap d'Antibes, and Italian investors buying an Alpine wellness resort outright.

The transaction sizes span the market. At one end, a 70-room South Tyrol resort with a 5,000 sqm spa; at the other, a 312-room Canary Islands resort set for rebranding. Per-room benchmarks remain scarce this week because most parties withheld pricing, leaving HVS to report asset detail rather than yields.

Buyers also show clear operational intent rather than passive holds. Servatur has a rebrand planned, the Naturno buyers have a 2027 operator appointment in view, and Morgans Group takes on a Michelin-Keyed conversion with proven per-room investment of £187,500 behind it.

What happens next?

Servatur's renovation and rebranding of the Tenerife property will proceed under the Servatur Isora Suites name. The South Tyrolean owners will open talks with international operators ahead of a 2027 management start. Further disposals from the former Landsec portfolio and from HIP's Spanish holdings are the likeliest transactions to surface in coming bulletins.