Europe · UK · DACH · Iberia · Italy · Nordics
Assets Compass is the deal-analysis platform European and UK asset management firms use to screen and underwrite hotel, resort, and hotel condominium investments in EUR and GBP. STR reports, HMAs, brand licence agreements, PIPs, technical due-diligence packs, and condo offering plans go in — an institutional pro forma and an Acquire · Conditional · Further DD · Decline verdict come out.
Markets Covered
UK & Ireland
Full-service and lifestyle acquisitions, adaptive-reuse, SONIA-indexed senior debt.
DACH
Fixed and variable lease structures, Pfandbrief senior debt, branded urban hotels.
France & Benelux
Luxury palace and lifestyle deals, French bail commercial, Dutch/Belgian branded conversions.
Iberia
Resort and condotel sell-outs, SOCIMI-eligible structures, Golden Visa dynamics.
Italy & Greece
Branded resort residences, cedolare secca on rental pools, luxury leisure demand.
Nordics
Lease-heavy urban hotels with Scandic/Nordic Choice/Strawberry operators; covered-bond debt.
Built for allocators
Screen pan-European pipelines down to the deals that clear IRR and DSCR hurdles. Every deal exits with a defensible verdict and an auditable model in EUR or GBP.
Underwrite value-add, opportunistic, and platform plays with HMA renegotiation, brand-conversion, and refi/exit stress tests across jurisdictions.
Institutional-grade underwriting on branded resort, palace, and condotel deals in the Mediterranean and Alps — without staffing an EMEA hospitality desk.
Portfolio-level comparability across UK, DACH, Iberia, and the Nordics with consistent GOP/EBITDA flow-through, cap rate, and yield-on-cost.
Branded and independent — luxury palace, lifestyle, upscale, and select-service. HMA and franchise extraction, fixed/variable lease modeling, PIP and technical-DD CapEx, and pillar-bank / Pfandbrief / CMBS debt sensitivity.
Dual-track sponsor / unit-owner underwriting across Iberia, Italy, and Greece. Absorption pacing, rental-pool net yield in EUR, Golden Visa dynamics, VAT/IVA treatment, and cedolare secca modeling.
What we normalize for
STR European data, HotStats, and local demand reconciled per market.
Brand HMA fees, key money, PIPs, and fixed/variable lease trade-offs.
VAT, SDLT, GrESt, ITP, cedolare secca; GBP/EUR/CHF/SEK/NOK/DKK scenarios.
LTV, ICR, DSCR, EURIBOR/SONIA hedge cost, and refinance takeout by lender class.
FAQ · Europe
UK, Ireland, DACH, France, Benelux, Iberia, Italy, Greece, and the Nordics. STR comp sets, brand economics, and lender norms are normalized per market.
Europe is HMA-heavy — hotel management agreements with brand operators dominate over pure franchise, and fixed/variable leases (Germany, France, Nordics) shift risk to the operator. Assets Compass models HMA fees, owner priorities, and lease-vs-HMA trade-offs natively.
Portugal, Spain, Italy, and Greece use varying condo-hotel frameworks. Golden Visa dynamics, VAT/IVA treatment, and cedolare secca on rental pools all affect returns. Both sponsor sell-out and unit-owner net yield are underwritten per jurisdiction.
Pfandbrief lenders (DE), UK clearing banks, French/Iberian pillar banks, Nordic covered-bond structures, European CMBS, debt funds, plus mezzanine and pref. DSCR, ICR, LTV covenants, and hedge cost on EURIBOR/SONIA are stress-tested.
Yes — pipelines are normalized to a common IRR, equity multiple, and DSCR framework, adjusting for HMA vs franchise vs lease, VAT, transfer taxes (SDLT, GrESt, ITP), and GBP/EUR/CHF/SEK/NOK/DKK currency.
Europe · Request access
Tell us your firm, your market, and where you are in the deal. A member of the Evoques hospitality desk will schedule a walkthrough — and, for live opportunities, provision underwriting access to Assets Compass for your deal team.