Europe Hotel Transactions Bulletin

March 5, 2024

Europe Hotel Transactions Bulletin

BLG Capital sells Amanruya Bodrum, Turkey, to a domestic investor



BLG Capital sells Amanruya Bodrum, Turkey, to a domestic investor

Istanbul-based private equity firm BLG Capital has finalised its sale of the Aman-branded Amanruya hotel, situated in a secluded location close to the Turkish coastal beach resort city of Bodrum. The 36-room ultra-luxury hotel transacted for a reported €69 million (€1.9 million per room), and was sold to an unnamed Turkish asset management company. BLG Capital acquired the property back in 2016 and completely redeveloped the space over two years, before reopening the 5,500 sq ft resort in 2018. The property overlooks the Aegean Sea and features six food and beverage venues, a Turkish spa, fitness centre and yoga studio, tennis court, a library and meeting room and Bodrum’s longest swimming pool (50m).

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