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» Chronological View: " Hotel & Leisure " «

Robertson submits £23m hotel and student accommodation plans to Fife Council

Plans have been submitted to build a new hotel and student accommodation in St Andrews which would represent an investment of £23m (c. €26.2m) into the town. Robertson has submitted a planning application to Fife Council for the site at Abbey Park which aims to boost the local economy and address a clear and identified demand...
Wednesday, 17. October 2018

Pandox acquires The Midland Manchester for £115m

Pandox AB has entered into an agreement to acquire The Midland Manchester, which is an iconic upper premium hotel with 312 rooms in the heart of Manchester in the UK. The transaction is made with Fattal Hotels Group as operating partner, whereby Pandox, following a legal reorganisation, will retain the property and the hotel ...
Wednesday, 17. October 2018

Ibis Styles Bucharest City Center to open in 1Q 2020

Hotel operator Orbis Hotel strengthens its position in the Romanian capital by signing a management contract for a new Ibis Styles hotel in the city center. The newly-built Ibis Styles Bucharest City Center, expected to be open in 1Q 2020, is developed in partnership with Romanian own...
Wednesday, 17. October 2018

Henderson Park completes acquisition of Westin Paris-Vendôme hotel for €550m

Henderson Park has completed the €550 million purchase of one of Paris’ largest and most historic hotels, the Westin Paris-Vendôme, from GIC . As part of the transaction, Henderson Park has secured a senior financing package from CACIB. The European real estate investment platform has also confirmed with Marriott Internation...
Tuesday, 16. October 2018

Commerz Real acquires Dorint hotel An der Messe in Cologne for special fund

Commerz Real Kapitalverwaltungsgesellschaft (KVG) has purchased the Dorint Hotel An der Messe in Cologne for its “Commerz Real Institutional Hotel Fund”. The seller is Messehotel Köln GmbH & Co. KG; it was agreed that confidentiality be main-tained on the purchase price. The six-storey four-star hotel was completed in 2001 an...
Wednesday, 10. October 2018

KKR, IGIS and NPS to acquire prime real astate asset in Seoul

KKR and IGIS Asset Management have made an joint investment along with the National Pension Service of Korea (NPS) to acquire a mixed-use real estate project under development in the Gangnam Business District (GBD) in Seoul. The project, to be purchased from a consortium led by local engineering firm Daor E&C, is expected to ...
Wednesday, 10. October 2018

AXA IM - Real Assets adds Joe Persechino and Vincent Mezard to Sector Specialists team

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has further bolstered its Sector Specialists team with the appointments of Joe Persechino as Head of Residential & Student Accommodation and Vincent Mezard as Head of Hospitality. These appointments add to AXA IM - Real Assets deep pool of experts, as it seeks to wi...
Wednesday, 10. October 2018

Aviva Irish Property Fund acquires 49-Unit Aparthotel in Dublin

JLL Hotels & Hospitality Group and CBRE Hotels to confirm that the 49-unit Premier Suites Plus Dublin Ballsbridge aparthotel has been acquired by the Aviva Irish Property Fund and has been leased back to its previous owners, PREM Group, on a 35-year lease at a 5.0% Net Initial Yield. PREM Group, who sold the property to the A...
Tuesday, 9. October 2018

IHG's avid hotels brand launches in Europe

Multiple Development Agreement with GS Star will see 15 avid® hotels open in Germany over the next five years. The hotel chain is now seeking to build further on this hotel growth momentum with the ambition for avid hotels to become one of their biggest brands in Germany. The deal signed today at Expo Real in Munich between I...
Tuesday, 9. October 2018

12 hotel sales completed in Ireland

CBRE Ireland have released figures for the volume and value of hotels traded in the Irish market in the first nine months of 2018, which shows that 12 transactions totalling almost €263 million between them signed in the nine months to the end of September. In addition, there was a hotel investment sale totalling €17.5 millio...
Tuesday, 9. October 2018

London pips New York to become most attractive city for hotel investment

New research from Cushman & Wakefield reveals that investment in the hotel sector in London is in rude health, topping the table of leading cities for hotel investment worldwide thanks to several large deals helping to double transaction volumes, the continued confidence in London as an investment market and investment in Ame...
Tuesday, 9. October 2018

Goold strikes two deals as business sites sold

Goold Estates has sold a mixed-use business park in Staffordshire to London-based investors in a multi-million-pound deal. In addition, the company sold the Lakeside Business Park, in Cannock, for an undisclosed sum to Ribston UK Industrial Property Ltd Partnership. Adam Ramshaw, regional director at national property consul...
Tuesday, 9. October 2018

TH RE acquires ‘Project Iconic’ in Morland Mixité Capitale in Paris

TH Real Estate, on behalf of the Cityhold Office Partnership (CHOP), has acquired an iconic development covering 28,262 sq m (304,210 sq ft) in the Morland Mixité Capitale Parisian urban regeneration development, located in the heart of Paris, from Société Parisienne du Nouvel Arsenal, represented by Emerige.
Monday, 8. October 2018

Swiss hotel operator Somnoo enters the German market

The Mercure hotels in Lüdenscheid, Hamm and Hagen, which have been extensively modernised in recent years, have been in Swiss possession since the beginning of the week. The hotel operator Somnoo has taken over all three locations as part of a share deal, after the former operator Langdor Hotel GmbH sold the three locations i...
Friday, 5. October 2018

Lunson Mitchenall and Savills win leasing mandate for Caleido, Madrid

The developer Inmobiliaria Espacio has appointed the leading UK retail and leisure agency Lunson Mitchenall to drive forward the next phase of retail and leisure leasing at Caleido, Madrid. The team will work alongside Savills Aguirre Newman, to provide leasing and development advice for the new urban project, set to open at ...
Thursday, 4. October 2018

Pandox acquires Radisson Blu Glasgow for £39m

Pandox AB has entered into an agreement to acquire Radisson Blu Glasgow. The hotel is a full-service hotel with 247 rooms and a strong location in central Glasgow. The purchase price amounts to £39m (c. €44m or c. SEK 455m) and is intended to be financed by a new bank loan and existing credit facilities. The transaction and t...
Thursday, 4. October 2018

HYY Group acquired the Seurahuone building in Helsinki`s CBD

HYY Group has acquired the Seurahuone building, located in the heart of Helsinki, from Sponda. The historical block at Kaivopiha will be largely restored to its original purpose, as HYY Group expands its hotel business to parts of the New Student House.
Wednesday, 3. October 2018

Select Group celebrates German debut with purchase of Niu Air Frankfurt

Select Group has purchased the 344-room Niu Air Hotel, which is currently under construction in Frankfurt from German developer GBI AG. The real estate investment firm, headquartered in the United Arab Emirates, has thus acquired its first hotel in Germany for its own real estate portfolio. In 2015, the firm purchased the Rad...
Monday, 1. October 2018