CBRE aquires Travelodge Farringdon Hotel

CBRE Global Investors has acquired, on behalf of an institutional client, 10-41 Kings Cross Road, London, a hotel let to Travelodge, for in excess of £20,000,000 representing a yield of sub 5.5% p.a., rising to 6.1% p.a. next year. The... more...

Monday, 8. April 2013

InterContinental London Park Lane - Photo: InterContinental London Park Lane

IHG sells InterContinental London Park Lane for £301.5m

InterContinental Hotels Group PLC, advised by Jones Lang LaSalle Hotels & Hospitality, has agreed to sell InterContinental London Park Lane to Constellation Hotel (Opco) UK S.A.,... more...

Friday, 5. April 2013

Old Printworks sale adds to Glasgow’s hotel development pipeline

Jones Lang LaSalle Hotels & Hospitality have sold the former Old Printworks building at 36 North Frederick Street to boutique hotel brand Z Hotels. more...

Friday, 5. April 2013

Quintain sells 50% stake in Hilton Wembley Hotel

Quintain Estates & Development PLC, advised by Internos, sold a 50% interest in the 361-room, four star Hilton Wembley Hotel in London to a fund managed by Oaktree Capital Management for £30.1 million. more...

Thursday, 4. April 2013

A new four-star Novotel in Forum Rotterdam

Multi has signed an agreement with Bouwinvest, on behalf of Bouwinvest Dutch Institutional Hotel Fund N.V., for the sale of Accor Hotels’ four-star Novotel. Accor Hotels and Bouwinvest also signed the lease agreement for the hotel.... more...

Wednesday, 3. April 2013

Invesco closes second Hotel Fund with €200m of equity

Invesco Real Estate (IRE) to announce the final closing of its second hotel fund with circa €200m of equity. more...

Tuesday, 2. April 2013

Dublin, Paris and Moscow register profit growth for the month of February

Of the ten European city markets surveyed, Dublin, Paris and Moscow registered GOPPAR (Gross Operating Profit per Available Room) growth for the month of February according to the latest HotStats survey by TRI Hospitality Consulting. more...

Tuesday, 2. April 2013

IHG announces sale of InterContinental London Park Lane for £301.5m

InterContinental Hotels Group PLC announces it has agreed to sell InterContinental London Park Lane (“the Hotel”) to Constellation Hotel (Opco) UK S.A., which is an affiliate of Constellation Hotels Holding Limited, a Middle Eastern... more...

Thursday, 28. March 2013

Holiday Inn Express, Dundee - Photo: Holiday Inn Express, Dundee

Holiday Inn Express in Dundee sold on behalf of Administrators

The Holiday Inn Express in Dundee has been sold to Cannock Investments by specialist property adviser Christie + Co on behalf of David Chubb and Alan Brown of PricewaterhouseCoopers... more...

Thursday, 28. March 2013

Accor launches Adagio in the UK

Accor is launching the Adagio aparthotels in the UK. The first UK Adagio will open in Liverpool on March 27th 2013. Located in the heart of the city, near to the Albert Dock, the Liverpool Adagio will offer for extended stays, 126 modern... more...

Tuesday, 26. March 2013

Activities on the Polish hotel market in 2012

Summary of the last year and prognosis for 2013 according to Colliers International: 2012 was a good year for hotel operators in Poland. Much of positive trading results were due to the UEFA Euro 2012 Championships. We estimate this... more...

Monday, 25. March 2013

New hotel for Portsmouth

Premier Inn has signed a 25-year lease on a new 84-bedroom hotel, with two retail units on the ground floor, in Portsmouth, Hampshire. The development, by LaSalle, will replace an obsolete office block in the city centre. more...

Monday, 25. March 2013

Grand Hotel Lav Ltd. and Grand Marina Lav Ltd., Croatia - Photo: Grand Hotel Lav Ltd. and Grand Marina Lav Ltd., Croatia

Jones Lang LaSalle to sell Grand Hotel and Grand Marina

Hypo Alpe-Adria-Bank International AG is the sole shareholder in Grand Hotel Lav Ltd. and Grand Marina Lav Ltd. and have appointed Jones Lang LaSalle Hotels & Hospitality Group as... more...

Friday, 22. March 2013

Holiday Inn, Frankfurt - Photo: Holiday Inn, Frankfurt

Union Investment acquires development project for Holiday Inn hotel in Frankfurt

Union Investment has acquired the development project for a new Holiday Inn hotel at 27-31 Mainzer Landstraße, located directly on Francois-Mitterand-Platz in Frankfurt, for its... more...

Thursday, 21. March 2013

Bidwells appoints development team for Andy Murray’s Perthshire Hotel

Property firm Bidwells has appointed a development team to support the renovation of Andy Murray’s new luxury Perthshire hotel in Cromlix. more...

Monday, 18. March 2013

Palais Hansen in Wien, Österreich, Hotel, Kempinski - Photo: Palais Hansen in Wien, Österreich, Hotel, Kempinski

Opening ceremony at the Palais Hansen Kempinski

Palais Hansen has taken on new splendor. On 13 March 213, the official ribbon cutting was held for the Kempinski Hotel Palais Hansen. Vienna’s Mayor Michael Häupl and district... more...

Thursday, 14. March 2013

A cold snap in the European Hotel Industry in January

The year 2013 began on a dive of almost all indicators of the hotel sector across Europe, with a few islands of positive developments, confirming the strong resistance of the German and Austrian markets. General tension on occupancy... more...

Wednesday, 13. March 2013

Accor targets a network of 400 hotels by 2015

Accor unveiled its strong ambition for the Luxury and Upscale market. With a current network of 300 hotels (65,000 rooms worldwide) on this segment, Accor intends to expand to 400 hotels by 2015. more...

Wednesday, 13. March 2013

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