SCPI Atream Hotels expands across Europe with the acquisition of an independent hotel in Verona, Italy, converted into B&B HOTELS, a leading international hotel chain in the midscale hospitality sector

The pan-European SCPI Atream Hotels, managed by Atream, a recognized and committed player in the transformation of tourism, announces the strategic acquisition of an independent hotel in partnership with B&B HOTELS, which will operate the business, in Verona, Italy. This transaction marks the entry into a fifth European country for the SCPI’s portfolio and illustrates its strategy of geographic diversification and long-term support for major tourism operators in their European development.

A secure acquisition with a leading operator

Grégory Soppelsa, President of Atream, states: “This acquisition demonstrates the ability of Atream Hotels SCPI to deploy its capital raising and continue its European diversification with the opening of a fifth country, in partnership with B&B HOTELS. This is the 4th B&B HOTEL owned by Atream Hotels, which benefits from strong fundamentals in terms of performance, valuation, and rental visibility, with firm leases exceeding 12 years.”

B&B HOTELS represent, states:

Liliana Comitini, President and CEO of B&B HOTELS Italy, Slovenia, and Hungary.

“The opening of the B&B HOTEL Expo Verona Villafranca, in partnership with an investor such as Atream, marks an important milestone in our expansion strategy, bringing our portfolio to 92 hotels in Italy and 12 hotels in the Veneto region, a strategic area known for its strong appeal to both business and leisure travelers.

By signing this agreement, we reaffirm our commitment to enhancing the services offered by the property and integrating them with our brand’s standards and innovation to provide smart hospitality at affordable prices.”

The transaction involves a 4-star hotel, leased by B&B HOTELS, acquired approximately 8 M$.

The acquisition was completed under a 20-year firm lease, providing the SCPI with strong rental visibility and secured cash flows. B&B HOTELS is currently the leading player in the midscale hotel sector in Italy, with 92 hotels.

4-star hotel with 113 rooms – © TripAdvisor

The asset benefits from a strategic location within a dynamic business area, situated at a road junction providing access to the airport, Verona’s historic city center, the exhibition park, and Lake Garda. This positioning enables it to cater to both business and leisure tourists, generating diverse demand throughout the year.

A strategic location at the heart of Italy’s tourism growth

Italy is experiencing strong growth in its tourism sector, attracting leading hotel operators and gradually transforming the market—historically dominated by independent players—toward a more chain-driven model.

Urban tourism in Northern Italy is concentrated in five major cities: Milan, Venice, Bologna, Turin, and Verona, which alone accounts for nearly 3 million overnight stays per year*.

For this acquisition, SCPI Atream Hotels was advised by BonelliErede (legal counsel) and CBRE (technical advisory).

*Sources : Istituto Nazionale di Statistica / Osservatorio delle Libere Professioni / Données B&B HOTELS

About SCPI Atream Hotels

Launched in 2016, SCPI Atream Hôtels has established itself as a leading investment vehicle dedicated to the European tourism sector. Leveraging the recognized expertise of Atream, an asset management company with over 18 years of experience in hospitality, the SCPI stands out for its rigorous asset selection and in-depth understanding of a market driven by the structural growth of European tourism, the world’s largest tourism market.

The SCPI’s investment strategy primarily targets 3- and 4-star hotel assets located in France and Europe, backed by long-term leases with leading operators. This approach aims to ensure visibility and resilience of future revenue potential while capturing the market’s growth opportunities.

Committed to a responsible investment approach, the SCPI implements an ambitious SRI (Socially Responsible Investment) strategy based on ESG criteria. It takes concrete actions to reduce the carbon footprint of its portfolio, optimize resource management, and enhance occupant comfort. This Best-in-Progress approach relies on strengthened governance and active stakeholder engagement, with the goal of promoting sustainable development and positively contributing to local ecosystems.

Like any investment, physical real estate carries risks, which may result in potential loss of profitability or value. Additionally, investing in an SCPI involves liquidity risk.

As of December 31, 2025, Atream Hôtels has a market capitalization of nearly €320 million and a portfolio comprising 22 hotel assets across four European countries, with 67% located in Belgium, the Netherlands, and Germany. The average firm lease term is 12 years, reflecting the strength of the operating model. Accessible from €5,000 (5 shares of €1,000 each) with a three-month income distribution period, the SCPI continues to actively pursue its development and capital deployment as it approaches its tenth anniversary.

About Atream

Founded in 2008, Atream is an independent asset management company specializing in real estate and fund management (OPCI, SCPI, FIA). With a team of over 50 experts in real estate investment and private equity, Atream identifies and develops tailored solutions for institutional investors as well as collective wealth management solutions for private investors.

For 15 years, Atream has built recognized expertise in tourism-related assets, supporting major operators such as Accor, Mama Shelter, Pierre & Vacances, Center Parcs, B&B, and Club Med. As early as 2011, Atream chose to diversify its offerings by also investing in the office, residential, and wine sectors, all of which are experiencing strong growth. Today, Atream manages and advises on over €4 billion in assets, representing more than 300 properties across 5 European countries (France, Germany, Netherlands, Belgium, Italy).

Atream is authorized by the AMF (No. GP-13000011) as a portfolio management company for its real estate and private equity activities and is a member of ASPIM (French Association of Real Estate Investment Companies).

Atream is a simplified joint-stock company (SAS) with a share capital of €263,200. Headquarters: 153 Rue du Faubourg Saint-Honoré, 75008 Paris.

Registered with the Paris Trade and Companies Register under number 503 740 433.

Atream promotes a committed vision of investment and management and is a signatory to the Principles for Responsible Investment (PRI). Website: https://www.atream.com/

This is a commercial communication. The information in this press release does not constitute an offer or solicitation to invest, nor investment advice.

Some statements are based on current market conditions and the opinions of Atream. They are considered accurate as of the date of publication, are not legally binding, and are subject to change.

The yield rate mentioned applies solely to the specific asset in question and is neither guaranteed nor representative of the SCPI’s overall performance. The asset presented illustrates current investments, but the composition of the SCPI’s portfolio may evolve over time.

Past performance is not indicative of future results.

Before making any investment decision, it is essential to review the SCPI’s information memorandum and key information document.

Press contact details:

Agence FORCE MEDIA

Patricia Ouaki
+33 (0)6 07 59 60 32
patricia.ouaki@forcemedia.fr

Séverine Atgé
+33 (0)6 86 76 26 54
severine.atge@forcemedia.fr