UK group signs two more European city sites

by | 14 Sep 2022 | Hotel Projects, Projects

UK-based hotel group Kula and international real estate investment firm Gold Tree Group have acquired two new hotel sites in Lisbon and Dublin.

Both properties will be developed into boutique Kula flex-stay hotels with 175 rooms each, scheduled to open in 2024.

Doubling deal

The new acquisitions mark four joint deals between Kula and Gold Tree Group in Europe, with the first two being in Stuttgart and Basel. PBBR advised on the legal and tax aspects of the acquisition of the Lisbon property and Mason Hayes Curran served as legal advisors to Kula on the Dublin property deal acquisition.

Kula co-founder and CEO Moran Machtey said: “Kula’s four transactions mark the beginning of our ambitious expansion plans in Europe, as we intend to push this segment towards a fresh, urban and design-led product. The Dublin and Lisbon acquisitions are a great testament of our group’s capability to create attractive real estate value alongside profitable expansion opportunities for the brand.”

Next gen offering

Kula is a new owner-operator hospitality group that offers the new generation of travellers urban, stylish hotel lofts and apartments. The brand believes it presents an alternative to outdated aparthotels and serviced apartments and the unpredictability of Airbnb stays.

It offers flex-term serviced apartments and hotels in global cultural cities, designed to allow the new generation of travellers to enjoy a better, smarter and more enjoyable and personalised stay.

Related Articles

Minor Hotels to develop a new Anantara resort in Zanzibar

Minor Hotels to develop a new Anantara resort in Zanzibar

The new resort is expected to launch in 2027 with a collection of luxury villas and suites, as many as six restaurants and bars, a spa, and multiple pools. Growth across Africa Minor Hotels, and the Anantara brand, have been selected by the owning company, Dubai-based...

Hilton builds residence brand

Hilton builds residence brand

Hilton is expanding its luxury Waldorf Astoria brand from hotels into branded residences, and has signed its first standalone residence project for the brand outside the USA. Plans are in place for Waldorf Astoria Residences Dubai Downtown to be developed for a 2028...

Minor Hotels to introduce Avani brand to the Netherlands

Minor Hotels to introduce Avani brand to the Netherlands

The 163-key property will provide a contemporary canal-side retreat, drawing on Dutch history and art, for both business and leisure travellers. A culturally rich location The global hospitality group operating over 540 hotels across 56 countries, Minor Hotels, is...

Saudis beat tourism growth target

Saudis beat tourism growth target

Saudi Arabia has hit a landmark of welcoming 100 million tourists in 2023, as it marches towards its Vision 2030 destination, which will massively transform its economy as it scales up its tourism offer. The achievement is all the more remarkable as the 100 million...

Sweden to welcome first property from Ruby Hotels

Sweden to welcome first property from Ruby Hotels

Ruby’s upcoming Stockholm hotel will combine accommodation built on the brand’s Lean Luxury philosophy with public areas and a restaurant making it a new hotspot for the city. Entry to Scandinavia Expected to open in spring 2026, this new Ruby Hotel will provide an...

ABOUT THE CHAIN

Kula is an owner-operator hospitality group that offers the new generation of travellers urban, stylish hotel lofts and apartments, delivering a seamless digital experience combined with superior service.

IN THIS ARTICLE