trending Market Intelligence /marketintelligence/en/news-insights/trending/hWasOOMpwyFDKmWh0iGO0w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Covivio to buy 8 European hotels for €573M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Covivio to buy 8 European hotels for €573M

Covivio, through its subsidiary Covivio Hotels, agreed to buy a portfolio of eight hotels in major European cities from Värde Partners Inc. for €573 million, including capital expenditures.

The French property company is set to acquire the 1,115-room prime hotel portfolio, which includes Palazzo Naiadi Roma, Dei Dogi Venezia, Bellini Venezia and Palazzo Gaddi Florence in Italy; Hotel Plaza Nice in France; NY Palace Budapest and NY Residence Budapest in Hungary; and Carlo IV Prague in Czech Republic.

The properties will be operated under NH Hotel Group SA's brands NH Collection, NH Hotels and Anantara Hotels & Resorts. The acquisition, with a yield target of 5.8%, will be completed at the end of the first half of 2020. Covivio and NH Hotel signed triple-net lease deals for the properties, excluding Hotel Plaza Nice, with an initial 15-year term. NH has an option to extend the lease to 30 years.

Meanwhile, Covivio acquired under a management contract a Hilton hotel in Dublin for €45.5 million and a 6.4% yield. The meeting rooms of the 120-room hotel will be converted into 10 additional rooms to be built until 2021. The conversion will generate a value creation of nearly 10%, according to a release.