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Hotel & Leisure

Successful launch for LaSalle-owned Staycity Aparthotel in La Défense

LaSalle Investment Management and Staycity have announced that their new hotel-apartment property located in La Défense, Paris’s premier business district, has achieved an average occupancy rate of 80% and performed €1 million ahead of budget after five months of operation, owing to a customer profile balanced between busines...
Wednesday, 7. December 2022

Peakside acquires luxury hotel Hessischer Hof in Frankfurt

Peakside Capital Advisors AG has bought Hessischer Hof, a luxury hotel with an adjacent office building, in Frankfurt from Hessische Hausstiftung, a foundation of the House of Hesse. The property will become part of the Peakside Real Estate Fund IV.
Monday, 5. December 2022

Zleep Hotels opens in Madrid

On December 1st, 2022, the new Zleep Hotel Madrid Airport will open in Madrid, thus opening up the Spanish market for the brand. Alongside the Steigenberger Hotel & Resort Camp de Mar on Mallorca, the Zleep Hotel Madrid Airport is the second property on the Iberian Peninsula managed by Deutsche Hospitality. In close proximity...
Friday, 2. December 2022

NREP makes first real estate investment in Germany

NREP announces the continued extension of its impact into Northern European countries following its first real estate investment in Germany and the establishment of a dedicated team of eight initial employees. Two offices have been opened, in Frankfurt and Munich, completing the existing on-the-ground presence consisting of t...
Friday, 25. November 2022

Henderson Park acquires majority stake in GBI

The Moses Mendelssohn Foundation has sold its majority stake in GBI Holding. The new majority shareholder is the British fund manager Henderson Park, which has realized several major transactions on the German market in the last three years and is now celebrating a successful start on the residential market with the GBI entry...
Wednesday, 23. November 2022

Union Investment teams up with Staycity in Amsterdam

Union Investment is expanding its partnership with Staycity. The Irish aparthotel operator is set to create long-stay residential units in the YVIE mixed-use project currently under construction by Union Investment in the fast-growing district of Overhoeks, North Amsterdam. From May 2024, Staycity will operate 120 rooms acros...
Monday, 21. November 2022

Nominees for "Hotel Innovation Award 2022“ have been selected

For the "Hotel Innovation Award 2022“, which will be presented for the first time during the 196+ Forum Vienna conference, the interdisciplinary jury of experts has nominated ten hotels or hotel groups among 14 applicants from five European countries. The award ceremony will take place during the gala dinner on Monday, Novemb...
Friday, 18. November 2022

Primestar Group expands its hotel portfolio in Berlin

With the Mercure Hotel Berlin Mitte, hotel operator Primestar expands its hotel portfolio in the German capital to three hotels. The hotel with 120 rooms near Potsdamer Platz and Gleisdreieck is the first joint franchise project with Accor and the first hotel of the Primestar Group operated under Mercure brand.
Wednesday, 16. November 2022

CA Immo sells hotel and office property in Vienna to Horn Grundbesitz

CA Immo has signed the sale of a building complex consisting of the Hotel Savoyen and the office building at the Botanical Garden in Vienna's third district. The property, which is located in the immediate vicinity of Belvedere Palace and is centrally and conveniently situated, has a total lettable area of approx. 38,150 sqm ...
Friday, 11. November 2022

Limehome closes funding round of €45 million

Limehome, the leading technology-based provider and operator of fully digitised design serviced apartments in Europe, has closed a funding round of €45 million in new growth capital. AW Rostamani Group and Capital Four are investing in the Munich-based start-up for the first time. Current investors HV Capital, Picus Capital a...
Wednesday, 9. November 2022

Hyatt Regency Brand Debuts in the Portuguese Capital

Last week, Hyatt Hotels Corporation celebrated the opening of Hyatt Regency Lisbon, located in the district of Belém along the banks of the breathtaking Tagus River. The hotel provides 204 guestrooms and suites, with some including stunning balcony views over the river.
Tuesday, 8. November 2022

Union Investment enters the resort hotel asset class

Union Investment has become one of the first major professional investors to enter the resort hotel asset class. The Hamburg-based real estate investment manager has purchased a Marriott Bonvoy Autograph Collection boutique hotel on Lake Tegernsee. Work is currently under way on the internal fit-out and is expected to be comp...
Friday, 4. November 2022