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» Chronological View: " Hotel & Leisure " «

Lothbury to develop Malmaison boutique hotel

Lothbury to develop Malmaison boutique hotel

Lothbury Investment Management, on behalf of Lothbury Property Trust, is to fund a development of a new Malmaison boutique hotel in York. The new hotel, which is a redevelopment of a 1960s landmark building previously known as Yorkshire House, is on Rougier Street, within the historic city walls and close to York’s railway st...
Friday, 20. April 2018

Istanbul New Airport houses 451-room hotel to be operated by Yotel

IGA, the constructer and operator of Istanbul New Airport (INA) for 25 years, and Yotel have signed an exclusive hotel management contract. The hotel, which will be one of the biggest airport hotels in the world, with both airside and landside access, will feature 451 rooms. Located conveniently inside the main terminal build...
Friday, 20. April 2018
LHG turns Tooting resi consent into new apart-hotel

LHG turns Tooting resi consent into new apart-hotel

LHG (London Hotel Group) has secured planning permission to turn a previously consented residential scheme into a 221 room c40,000sqft apart-hotel. Fulfilling the potential of a vacant 0.5-acre brownfield site on Tooting High Street, the development will include a café and restaurant, plus a rebuilt community club house and o...
Thursday, 19. April 2018

Transaction volume of €661 million in the Q1 of 2018

A transaction volume of €661 million was registered on the German hotel market in the first quarter of the current year. The result has dropped 41 percent below the level of the previous year’s period. The downturn in the volume is mainly attributable to the size of the transactions and the focus on secondary locations. This ...
Thursday, 19. April 2018

Radisson RED heads north to Reykjavik

Rezidor Hotel Group AB (REZT) has signed the first ever Radisson RED in the Nordics, scheduled to open in Iceland's capital, Reykjavik, by 2020. "We are thrilled to introduce our bold Radisson RED brand to another vibrant and urban capital, Reykjavik, where tourism is booming because of its many natural wonder and beauty'' sa...
Thursday, 19. April 2018

The UK remains Europe's top hotel investment destination in 2018

The UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018, according to CBRE’s European Hotel Investor Intentions Survey 2018.
Wednesday, 18. April 2018
Palazzo Montemartini in Rome joins Radisson collection

Palazzo Montemartini in Rome joins Radisson collection

Radisson Hotel Group will add the Palazzo Montemartini in Rome to its Radisson Collection, effective June 2018. Built back in 1881, Palazzo Montemartini is now a hotel in the heart of Rome, situated near the Baths of Diocletian and the church of Santa Maria degli Angeli. The Palazzo is made up of 82 rooms and suites, as well ...
Tuesday, 17. April 2018

IHG signs first Hotel Indigo in Gibraltar

IHG (InterContinental Hotels Group) has signed of Hotel Indigo Gibraltar, under a franchise agreement with property developers Roquebrook. Located close to the Old Town and just a five-minute drive from Gibraltar International Airport, the hotel will offer rooms facing north towards Spain and eastward-looking rooms with views...
Tuesday, 17. April 2018

Eyemaxx resolves significant increase to commercial investment property portfolio

Eyemaxx Real Estate AG is significantly expanding its real estate holdings and has sustainably reinforced its ongoing rental income with the acquisition and development of a town-centre, multifunctional commercial property in Bamberg on Ludwigstraße 2. The purchase agreement for the centrally located property with 17,500 squa...
Monday, 16. April 2018
Hampton by Hilton expands international presence

Hampton by Hilton expands international presence

Hampton by Hilton has opened nine new properties last month, including one in Germany. The new Hampton by Hilton Dortmund Phoenix See is centrally located at Fassstrasse 3 in the Ruhr city and comprises 130 rooms. The Tristar GmbH is operating the new Hilton location. Furthermore, Hilton's upper-midscale brand has opend the H...
Friday, 13. April 2018

New Holiday Inn Express opens at Charles De Gaulle Airport

Directly connected to Terminal 1, the largest Holiday Inn Express in France has opened at the Charles de Gaulle (CDG) Airport. The newly built 305-room „Holiday Inn Express Paris - CDG Airport“ offers space which for business meetings as well as easy access to Charles De Gaulle Airport as well as speedy transport links into c...
Friday, 13. April 2018

Local authorities spend £3.8 billion on commercial property assets

Carter Jonas and Revo have unveiled that local authorities have spent around £3.8 billion (c. €4.4 billion) on commercial property assets between 2013-2017. Spelthorne Borough Council in Surrey, which contains the towns of Ashford, Shepperton, Staines and Sunbury, was the biggest local authority investor committing £477.1 mil...
Friday, 13. April 2018

ODH reduces losses

Benefitting from the upswing in the tourism sector in North Africa, Orascom Development Holding (ODH) reduces losses. However, the situation remains instable, with the ODH being likely to record losses in the current fiscal year.
Thursday, 12. April 2018

Artisan REI acquires NatWest Court in Bristol

Artisan Real Estate Investors has acquired the Natwest Court Bristol, a sprawling city centre building of 116,000 square feet in the centre of Bristol, which has been purchased from Direct Line. The developer plans to redevelop the building as part of an extensive regeneration project for the collection of buildings in Bristo...
Thursday, 12. April 2018

Record levels of Asian investment into European markets set to continue

The majority (67%) of real estate professionals expect the volume of Asian investor capital entering the European real estate market to increase over the next two years, according to a new report commissioned by Intertrust. In contrast, just 7% of respondents think that volumes will fall.
Wednesday, 11. April 2018
Cycas to manage Hyatt’s first European dual-branded hotel

Cycas to manage Hyatt’s first European dual-branded hotel

Cycas Hospitality is continuing its international rollout by signing its inaugural deal in France, which will see it manage the rst dual-branded Hyatt property in Europe. The hotel operator has signed a lease agreement to operate the Hyatt Place and Hyatt House hotels, which are both on one site, close to Paris Charles De Ga...
Tuesday, 10. April 2018

4 hotel sales totalling almost €199 million completed in Q1 2018

CBRE Ireland have today released figures for hotel spend in the first quarter of 2018 showing that 4 hotel sales totalling almost €199 million transacted in the Irish market in the year to end of March - almost half the volume of spend recorded in this sector in the entire year in 2017.
Monday, 9. April 2018