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Hotel & Leisure

Marriott cooperates with Vasilakis to bring brand to Greece

Marriott International has signed an agreement in collaboration with Vasilakis SA to bring the JW Marriott brand to Greece. Anticipated to open in 2025, JW Marriott Crete Resort & Spa will span 100 acres of coastal area. SWOT Hospitality will collaborate with both as the third-party operator for the franchised property.
Tuesday, 19. March 2024

Courbet and Louvre Hotels sign new hotel in Cannes

Louvre Hotels Group and the Courbet Group are continuing their collaboration with the signing on March 14, 2024 of a new Kyriad hotel in Cannes under a franchise agreement. The two groups had already announced a few days ago their partnership for the opening of a Hosho brand vocational hotel.
Friday, 15. March 2024

UBM and Warimpex sell off stake in Palais Hansen

Palais Hansen, located on Vienna's Schottenring, was sold as part of a multi-million euro deal. UBM (33.57%) and Warimpex (9.88%) have sold their shares. New owner is the insurance Wiener Städtische, which now holds 100 percent.
Friday, 15. March 2024

Numa enters UK market with London hotel acquisition

The Numa Group is expanding into the UK market. With its first property in London, the group has partnered with New World Hospitality Group to continue its strong growth in Europe.
Wednesday, 13. March 2024

Plans to transform Charing Cross submitted to Glasgow City Council

Proposals to deliver a “once in a lifetime” regeneration of Charing Cross have taken a step forward with the submission of a new planning application by submission of a new planning application by CXG Glasgow Limited, a subsidiary of Tracey Investments Limited and owners of the Venlaw building and Elmbank Gardens, in conjunct...
Wednesday, 13. March 2024

Cityheart appoints Galliford Try for Wigan redevelopment

Galliford Try has been selected by Wigan Council's development partner Cityheart to undertake the first phase of construction of Wigan Galleries redevelopment project. The £135m town centre scheme is one of Greater Manchester's most ambitious regeneration projects and will deliver new homes, leisure and retail facilities as w...
Thursday, 7. March 2024

Premcor sells Manchester site to Whitbread

Premcor Estates has completed the sale of a prime northern gateway Manchester site to Whitbread for an undisclosed sum. Premcor obtained planning permission for the 0.25-acre site on Rochdale Road, which will now be transformed into a 229-bedroom, 10-storey Premier Inn hotel. Construction work on the hotel will begin this sum...
Thursday, 7. March 2024

Summum Hotel takes over management for hotel near Toledo

Following a structured operator search process for the hotel, Christie & Co's investment team has formalised a lease agreement with Summum Hotel Group. From May 2024, the group will take over the management of the establishment. Villa Nazules Hotel Hípica Spa is located 25 kilometres from the city of Toledo, in a natural sett...
Wednesday, 6. March 2024

Covivio acquires 8.3% Generali stake in Covivio Hotels subsidiary

Covivio signed an agreement to acquire the 8.3% stake in Covivio Hotels held by Generali, in exchange for new Covivio shares. This transaction, which represents the equivalent of the acquisition of €500 million of assets and a capital increase of nearly €300 million, marks a major step in the reinforcement of Covivio in the h...
Tuesday, 5. March 2024

Deka Immobilien sells hotel to Sinoma

Deka Immobilien has sold a hotel in Gothenburg. The property belongs to the portfolio of WestInvest ImmoValue, an investment fund designed for institutional investors. Sinoma Fastigheter AB, a company owned by Swedish investor Balder and pension fund Folksam, has acquired the property. The parties have agreed not to disclose ...
Monday, 4. March 2024

Primonial REIM founds Spanish subsidiary

As part of its international expansion, the investment manager has founded a subsidiary in Spain. Primonial REIM Spain is headed by Felipe Pérez Agustín. He has been working for the company as Asset Manager for Spain and Portugal since mid-2023.
Thursday, 29. February 2024

First Radisson RED hotel in Southeast Europe celebrates opening

Radisson RED Belgrade has opened its doors as a new upscale lifestyle hotel, marking the debut of the vibrant Radisson RED brand in Southeast Europe. Located on Takovska Street near the House of the National Assembly, Radisson RED Belgrade offers a unique blend of tradition and contemporary style, following a complete renovat...
Thursday, 22. February 2024