Sectors / Hospitality

A life's work,fully valued.

Sell-side advisory for well-established hotels, resorts and holiday villages in mature leisure destinations across Europe and beyond.

Ennea Hospitality · a practice of Ennea Capital Partners
Our mission

The next chapterof a life's work.

European hospitality is entering a generational handover. Thousands of family-owned hotels will change hands this decade, and most owners will do it once.

We exist so an owner selling a life's work can pass it into the right hands, guided by experts who know how these businesses are valued, positioned and sold.

Sector, not spreadsheet

Careers spent in travel and hospitality, so a hotel is read as a business rather than a set of multiples.

Partner-led throughout

The people at the first conversation are the people at the signing. Nothing is delegated down.

Discretion by default

Controlled processes that protect an owner's name, their staff and their negotiating position.

What we offer

Five service lines,one mandate team.

Sell-side advisory is the heart of the practice. The rest exists to make that sale worth more, and is delivered by the same partners.

Sell-side M&A

Competitive tension among the right buyers for healthy, family-owned hotels, from first approach through to a signed close.

Concept & repositioning

Where an asset under-earns on brand, distribution or occupancy, we build the analysis that justifies a premium.

Valuation & diligence

Valuation in-house on income, multiple and per-key, reconciled with technical diligence into one number.

Distribution & tech

Distribution and technology assessed alongside the P&L, identifying direct-booking upside already inside the asset.

Portfolio synergies

Every target mapped against an acquirer’s existing estate, so synergies are quantified before price is set.

Not sure yet?

Most conversations begin long before a decision is made. An indicative view of value costs nothing and commits you to nothing.

Start here →
Our criteria

What we look for in a mandate.

Three things every mandate must have, and beyond those, where we prioritise.

Every mandate, without exception
Minimum rooms by category
3 star140
4 star100
5 star70
Reason for sale

Succession or generational change at well established, healthy hotels, including owners ready to realise the value they have built.

Title and licences

Clear land title, with operating and building licences in place.

Geographic focus
IndonesiaMexicoUnited Arab EmiratesQatarOmanThailandAustriaGermanyGreeceTurkeyCroatiaSwitzerlandPortugalSpainSri LankaItalySaudi ArabiaEgyptMauritiusBahrain
Priority 1
  • Spain
  • Portugal
  • Italy
  • Austria
  • Greece
  • Türkiye
  • Egypt
  • Middle East
Priority 2
  • Germany
  • Switzerland
  • Croatia
  • Mexico
  • Sri Lanka
  • Mauritius
  • Indonesia
  • Thailand

Established destinations only.

Asset, owner and distribution

Asset type

Resort or leisure hotel in a tourism destination: coast, island, lake or mountain.

Mixed leisure and city positioning; spa, clinic or serviced-apartment hybrids.

Owner profile

Owner-operated or family-held.

A single asset, or a portfolio of up to ten.

A portfolio of more than ten assets.

Distribution

Multi-channel: direct B2C plus tour-operator or B2B contracts.

Predominantly OTA-dependent, with little direct or contracted business.

Aerial view of a sandy beach lined with white umbrellas and palm trees
How we work

A disciplined process,not an opportunistic one.

Five stages, each producing something an owner can hold. Step three is the one that matters most: naming the right buyers for this specific hotel, rather than running a broad auction.

01

Source & screen

Warm-network sourcing, with an objective screening standard applied by someone who is not sourcing the deal.

Screening memo
02

Readiness & valuation

A Q&A built around the individual hotel, and an indicative valuation on income, multiple and per-key, before any engagement letter is signed.

Indicative range
03

Selection & outreach

We name the specific investors who fit this hotel and why, then approach them ourselves. A shortlist built on knowing the buyer universe, not a mailing list.

Targeted shortlist
04

Structure & coordinate

Valuation and technical-diligence partners appointed and managed, with creative structuring to bridge the bid-ask gap.

Deal structure
05

Close & realise value

Competitive tension through to signing, then post-close support so the value modelled at signing is the value realised.

Signed close
Partners

Partners on every call,from first conversation to signing.

Portrait of Jan-Frederik Valentin
Jan-Frederik ValentinManaging Partner · Munich
Portrait of Ralph Schiller
Ralph SchillerConsulting Partner · Munich
Portrait of Michael Tenzer
Michael TenzerConsulting Partner · Munich
Portrait of Sören Hartmann
Sören HartmannSenior Advisor · Cologne
Portrait of Krishan Singh
Krishan SinghConsulting Partner · Delhi
Overwater bungalows on a turquoise lagoon at sunset
Start a conversation

Confidential,always.

Whether a sale is two months or two years away, an early conversation costs nothing and usually changes what the process looks like.

Tell us a little about the property and how to reach you. Everything below stays with the hospitality team.

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Read by a partner, and treated in confidence.

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