We present extensive datasets for a class of intermediate-luminosity optical transients known as "luminous red novae" (LRNe). They show doublepeaked light curves, with an initial rapid luminosity rise to a blue peak (at −13 to −15 mag), which is followed by a longer-duration red peak that sometimes is attenuated, resembling a plateau. The progenitors of three of them (NGC4490-2011OT1, M101-2015OT1, and SNhunt248), likely relatively massive blue to yellow stars, were also observed in a pre-eruptive stage when their luminosity was slowly increasing. Early spectra obtained during the first peak show a blue continuum with superposed prominent narrow Balmer lines, with P Cygni profiles. Lines of Fe II are also clearly observed, mostly in emission. During the second peak, the spectral continuum becomes much redder, Hα is barely detected, and a forest of narrow metal lines is observed in absorption. Very late-time spectra (∼6 months after blue peak) show an extremely red spectral continuum, peaking in the infrared (IR) domain. Hα is detected in pure emission at such late phases, along with broad absorption bands due to molecular overtones (such as TiO, VO). We discuss a few alternative scenarios for LRNe. Although major instabilities of single massive stars cannot be definitely ruled out, we favour a common envelope ejection in a close binary system, with possibly a final coalescence of the two stars. The similarity between LRNe and the outburst observed a few months before the explosion of the Type IIn SN 2011ht is also discussed.

Context. Luminous red novae (LRNe) have absolute magnitudes intermediate between novae and supernovae, and show a relatively homogeneous spectro-photometric evolution. Although they were thought to derive from core instabilities in single stars, there is growing support to the idea that they are triggered by binary interaction, possibly ending with the merging of the two stars. Aims. AT 2018hso is a new transient showing transitional properties between those of LRNe and the class of intermediate luminosity red transients (ILRTs) similar to SN 2008S. Through the detailed analysis of the observed parameters, our study support that it actually belongs to the LRN class, and was likely produced by the coalescence of two massive stars. Methods. We obtained ten months of optical and near infrared photometric monitoring, and eleven epochs of low-resolution optical spectroscopy of AT 2018hso. We compared its observed properties with those of other ILRTs and LRNe. We also inspected archive Hubble Space Telescope (HST) images obtained about 15 years ago to constrain the progenitor's properties. Results. The light curves of AT 2018hso show a first sharp peak (M r = −13.93 mag), followed by a broader and shallower second peak, that resembles a plateau in the optical bands. The spectra dramatically change with time. Early time spectra show prominent Balmer emission lines and a weak [Ca ii] doublet, which is usually observed in ILRTs. However, the major decrease in the continuum temperature, the appearance of narrow metal absorption lines, the major change in the Hα strength and profile, and the emergence of molecular bands support a LRN classification. The possible detection of an I ∼ −8 mag source at the position of AT 2018hso in HST archive images is consistent with expectations for a pre-merger massive binary, similar to the precursor of the 2015 LRN in M101. Conclusions. We provide reasonable arguments to support a LRN classification for AT 2018hso. This study reveals growing heterogeneity in the observables of LRNe than thought in the past, making sometimes tricky the discrimination between LRNe and ILRTs. This suggests the need of monitoring the entire evolution of gap transients to avoid misclassifications.