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» Chronological View: " Hotel & Leisure " «

Novum Hospitality secures location in Klagenfurt for Select Hotel

Novum Hospitality continues to develop its brand of Select Hotels internationally and is targeting Austria first. The hotel group has already secured the Hotel Moser Verdino in Domgasse 2 right in the centre of Klagenfurt, the capital of the state of Carinthia.
Monday, 19. February 2018

Orbis Hotel Group opens its first two hotels in Slovenia

Orbis Hotel Group opened its first hotels in Slovenia, Mercure and Ibis Styles Maribor in partnership with its local partner and investor, Terme Maribor. Following their renovation, both hotels, developed in the frame of franchise agreements, received their first guests under the internationally well-known Accor Hotels brands...
Wednesday, 14. February 2018
Apleona GVA extended project management contract for Sheraton Grand Hotel in Krakow

Apleona GVA extended project management contract for Sheraton Grand Hotel in Krakow

Apleona GVA extended the contract with the asset owner Invesco Real Estate for project management of Sheraton Grand Hotel in Krakow. Apleona GVA team, led by Grzegorz Kaleta, Director of Hotel Advisory and Technical Advisory, was initially responsible on the property for technical due diligence during Invesco Real Estate’s ac...
Monday, 12. February 2018

Balder acquires hotel project in Jönköping

Fastighets AB Balder has acquired the hotel project Gradienten which will be built in central Jönköping from Skanska for approximately c.€43.19 million (SEK 430 million). The project comprises a 18-storey hotel with 229 rooms, conference facilities and restaurant. Construction start is scheduled for the first quarter of 2018...
Friday, 9. February 2018

2017 Kiev quality hotel market results

According to JLL experts, quality hotel market in Kiev continues to rebound. Boryspil airport reported increase in passenger flow by approx. 17% (over 10m arrivals in 2017, out of which 3.2m were transients). Currently, the strategy of Boryspil airport, biggest Ukrainian hub, is to attract more economy and low-cost airlines (...
Friday, 9. February 2018
Skanska sells hotel building in Jönköping

Skanska sells hotel building in Jönköping

Skanska sells the hotel project Gradienten, which will be built in central Jönköping for about €43.19 million (SEK 430 million). The buyer is Balder. The hotel is developed by Skanska. The transaction will be booked in the Commercial Property Development stream in the first quarter 2018. The transfer of the property will take...
Friday, 9. February 2018

Development projects highly popular with investors in the hotel investment market

After a quiet first half of the year in which the Austrian hotel transaction volume was just €130 million, the pace picked up in the second half of the year and hotel transactions topped half a billion Euros in 2017. Due to the small number of hotels on the market, demand has shifted towards the purchase of development projec...
Wednesday, 7. February 2018

Hotel investment shatters previous record, closing 2017 at almost €4 billion

At the recent press conference, Miguel Vázquez, Partner at Irea's Hotels Division, presented the figures and conclusions detailed in the annual report Insights on the Hotel Investment Market in Spain 2017, which the company has now been publishing for over ten years. Hotel investment in Spain soared to €3,907 million in 2017 ...
Wednesday, 7. February 2018
Cycas Hospitality boosts senior development team as part of European rollout

Cycas Hospitality boosts senior development team as part of European rollout

Cycas Hospitality has commited to its European expansion by opening its first property in continental Europe and growing its acquisition and development team through three new appointments. Cycas Hospitality has opened a dual-branded property under Marriott’s Moxy and Residence Inn brands. The hotels are located on Amsterdam’...
Wednesday, 7. February 2018

Investments into CEE reaches a total of €12.98 billion last year

At ca. €12.98 billion, 2017 recorded a 3.3% increase over 2016 (€12.56 billion) and, for the second year running, set a new record transaction volume for the CEE region. JLL has registered continued appetite from investors for the full range of assets across the entire region. The full year breakdown saw Poland and the Czech ...
Monday, 5. February 2018
Heureka Development and Soravia announce winning design for construction site in Mainz

Heureka Development and Soravia announce winning design for construction site in Mainz

Heureka Development and SoReal of Vienna, a subsidiary of Soravia, have jointly carried out an architectural competition for the southernmost building site on the Rheinallee, in the Zollhafen district of Mainz. In 17,000 square metres BGF (≈GEA) of floorspace, a hotel and a mixture of condominium and rental apartments are to ...
Monday, 5. February 2018

A&O Hotels and Hostels appoints Henri Wilmes as CIO

A&O Hotels and Hostels has appointed Henri Wilmes as Chief Investment Officer. His new role has become effective as of 8 January 2018. Wilmes brings extensive hotel and real estate investment experience to A&O.
Monday, 5. February 2018

Moscow and St. Petersburg hotel markets with good performance

JLL presents the 2017 results of the quality hotel market in Moscow, Moscow Region, and St. Petersburg as well as forecast for 2018. „Overall the situation on the Moscow quality hotel market looked quite optimistic in 2017, however the growth slowed down three times in all operational indices compared to 2016,“ said Tatiana V...
Thursday, 1. February 2018
Travelodge joins Segro Park Newham

Travelodge joins Segro Park Newham

Momentum is building across Segro’s 86-acre East Plus scheme with hotel operator, Travelodge, joining DPD at Segro Park Newham and two small businesses signing the first leases at the pioneering Enterprise Quarter scheme on neighbouring Segro Park Rainham.
Wednesday, 31. January 2018
Artisan unveils £90 million transformational development plan for Glasgow's waterfront

Artisan unveils £90 million transformational development plan for Glasgow's waterfront

One of Glasgow's most significant waterfront development sites is set to be transformed into a hotel and leisure quarter following outline plans unveiled by Artisan Real Estate Investors. Artisan has submitted a pre-application notice to Glasgow City Council to develop the Custom House site, which links the city's famed Bucha...
Wednesday, 31. January 2018

HDD completes land deal for Kent development

A supermarket, hotel and a care home are set to be developed in a multi-million pound project following exchange of contracts to purchase three plots of land in Kent by Birmingham-based Henry Davidson Developments (HDD). Subject to planning being obtained the development located to the South of the historic market town of Fav...
Wednesday, 31. January 2018

Strong finish punctuates positive year of profit growth for hotels in Europe

Hotels in Europe recorded a 7.0% increase in profit per room in December, which concluded a positive year of performance for hotels in the region, according to the latest worldwide poll of full-service hotels from HotStats.
Tuesday, 30. January 2018