Banca March acquires 80% of three Meliá hotels in Spain from Starwood Capital 
Spanish investment bank and financial services company Banca March, the leading independent bank in the Balearic Islands, has acquired Starwood Capital Group’s 80% stake in three Spanish island hotels – two on Fuerteventura in the Canary Islands, and one on Ibiza in the Balearic Islands. The price was undisclosed. Meliá Hotels retains the remaining 20% ownership of the three properties and will continue to operate the hotels on behalf of the new joint venture. The three properties, totalling 765 rooms, are the four-star, 287-room Sol Beach House Ibiza (to be repositioned under the Meliá Hotels & Resorts brand); the four-star, 418-room Meliá Fuerteventura; and the four-star, 60-room Innside Fuerteventura. The two Fuerteventura properties sit approximately 200 metres from each other. The three hotels were part of a portfolio of seven Spanish beachfront hotels, totalling 2,933 keys, that Starwood Capital acquired an 80% stake in from Melia in 2015. The other four properties were sold to London & Regional in 2017. 
Dr. Lohbeck Privathotels acquires the former TUI BLUE Fleesensee in Germany from Lloyd Fonds
German group Dr. Lohbeck Privathotels has acquired the four-star, 156-room former TUI BLUE Fleesensee from German investment firm Lloyd Fonds, for an undisclosed sum. The hotel has been rebranded as the Seehotel Fleesensee and is located in the Mecklenburg Lake District, in Northern Germany, some 160 kms north of Berlin. The wellness resort is Dr. Lohbeck’s third hotel in the Mecklenburg-Western Pomerania area, and includes private access to Lake Fleesensee, suite rooms, a private bathing island, culinary offerings and a 1,000 sqm wellness area. Dr. Lohbeck Privathotels’ portfolio now includes 29 hotels and resorts (approximately 4,400 beds) in the four and five-star category across Germany, Austria and the USA. 
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