Cookie Error:

Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.

» Chronological View: " Hotel & Leisure " «

Park Inn by Radisson Danube Bratislava to reopen

Park Inn by Radisson plans to re-open the Park Inn by Radisson Danube Bratislava after an extensive renovation over the last two years. The hotel is located in the heart of the historic center, near to Bratislava Castle and the Danube River. The hotel features 240 rooms and suites, including family accommodation and fully acc...
Monday, 18. June 2018

Balder acquires a hotel portfolio in Germany

Fastighets AB Balder has acquired a German property portfolio consisting of seven hotel properties for approximately €58 million. The properties have a lettable area of more than 40,000 square meters and 842 hotel rooms. Balder has signed 20 years lease agreements on all properties with Ligula Hospitality Group, which is an e...
Wednesday, 13. June 2018

World Cup tourists help to boost Russian hotel market

21.5 million tourists visited Moscow in 2017, which is 13% more than in 2016, while 7.5 million visited St. Petersburg, 8.4% more in the previous year, according to figures from global real estate advisor, Colliers International. The growth trends in hotel operating performance in both cities have held steady for the third ye...
Wednesday, 13. June 2018

IHG launches its new upscale Voco hotel brand

IHG has launched Voco, its new upscale hotel brand. Alongside the launch, the company has also announced a first signing in Australia. Voco will focus primarily on conversion opportunities and will strengthen IHG’s offer in the USD40 billion (c. €34.1 billion) upscale segment, which is expected to grow by a further USD20 bill...
Wednesday, 13. June 2018

Lisbon's main performance indicators show upwards trend

Following the exceptional performance that the national tourism market has consistently and solidly recorded, the results achieved in the first quarter of 2018 follow the positive growth trajectory. The city and region of Lisbon verified a very positive performance with the main performance indicators showing upward performan...
Tuesday, 12. June 2018

Willow Boutique Hotels buys Beaumont House in Cheltenham

Beaumont House on Shurdington Road in Cheltenham has changed hands following a sale brokered by Colliers International. The hotel has been bought off a guide price of £2.1 million (c. €2.38 million) by Fiona Burke, who has moved into the hospitality sector following a 20-year career with BP including a six year stint at Canar...
Tuesday, 12. June 2018

Moorfields sells City Wharf to Hamcamp for £11.3 million

Moorfields has sold a Aberdeen mixed-use development, City Wharf to Hamcap for £11.35 million (c. €12.91 million). The 66,045 sq. ft. city centre development, a six-storey mix of retail and leisure accommodation with Grade A office space on the upper floors, is let to a range of occupiers, including catering equipment company...
Monday, 11. June 2018

Charles B. Mobus leaves the Board of Radisson Hospitality AB

Charles B. Mobus has resigned from the Board of Radisson Hospitality AB (publ). At the same time, the company has entered into an investment banking advisory agreement with Benedetto, Gartland & company, Inc. Mobus is the Managing Partner of Benedetto, Gartland.
Friday, 8. June 2018

Radisson Hotel signs the first Radisson Collection hotel

Radisson Hotel Group has announced the signing of the first Radisson Collection hotel in Eastern Europe. The Tsinandali Estate A Radisson Collection Hotel, will open its doors in October 2018 in the wine region of Kakheti. The hotel will offer 141 stylish guest rooms and suites and a range of exceptional hotel facilities. The...
Wednesday, 6. June 2018

Scandic completes rebranding of Restel’s hotels

Scandic Hotels has completed the rebranding of Restel’s former Cumulus hotels to the Scandic-brand. In December 2017, Scandic acquired Restel’s hotel operations with 43 hotels and around 7,600 rooms, most of which were operating under the Cumulus brand. The acquisition gave the company a considerably stronger position in the ...
Wednesday, 6. June 2018

British Land brings Everyman cinema to Broadgate

Everyman has signed for a 3 screen cinema at Broadgate’s 1FA – marking another significant step in the campus’ evolution into a vibrant, mixed use neighbourhood for workers and visitors. Everyman will take 11,000 sq ft across the ground and lower ground floors of the building and will open in 2019.
Tuesday, 5. June 2018

Europe's hotel construction pipeline is healthy and continues to rise

According to a recent Hotel Construction Pipeline Trend Report for Europe, analysts at Lodging Econometrics state that the Total Pipeline is climbing steadily with 1,366 Projects/214,792 Rooms, a 29% increase by projects Year-Over-Year (YOY). The pipeline in Europe has nearly doubled since the cyclical low of 687 Projects/116...
Tuesday, 5. June 2018

Plummeting rate hits profit levels at hotels in the Middle East & Africa

Profit per room at hotels in the Middle East & Africa fell by 12.1% year-on-year in April as revenue levels crashed on the back of plummeting achieved average room rate, according to the latest worldwide poll of full-service hotels from HotStats. Further to a seemingly positive period of operation in Q1 2018, in which hotels ...
Monday, 4. June 2018

Profit per room grows 18.9 percent at hotels in Europe during April

Following a period of lacklustre growth in Q1 2018, hotels in Europe recorded an impressive 18.9% increase in profit per room in April as a result of soaring revenues and falling costs, according to the latest worldwide poll of full-service hotels from HotStats.
Friday, 1. June 2018

Balandis sells SI-Centrum and SI-Suites in Stuttgart to Brookfield

Balandis Real Estate AG has sold two mixed use investment assets - the 126,000 sq m SI-Centrum together with the sale of the adjacent 192 key SI-Suites Aparthotel. The complex and Aparthotel have been purchased by a real estate fund managed by Brookfield.
Friday, 1. June 2018

Hines secures planning approval for €1 billion Cherrywood Town Centre development

Hines has welcomed the decision by Dún Laoghaire-Rathdown County Council to approve plans for a new 2.1 million square foot town centre development at Cherrywood. The €1 billion mixed-use development will include 1,269 build-to-rent apartments, 585,000 sq. ft. of retail and office space as well as high-amenity leisure space.
Friday, 1. June 2018

FLE acquires hotel property in Essen

FLE GmbH, a company of the LFPI group, acquires a mixed-use hotel and office property in Essen on behalf of the Luxemburg based fund FLE SICAV FIS. The seller is a large Swiss bank. This acquisition symbolizes the return of FLE back onto the German market as a purchaser after having acquired three office buildings in Budapest...
Friday, 1. June 2018

Leonardo da Vinci's Business City at Rome Airport gets under way

The new Rome Fiumicino Business City's centre, comprising 7 buildings, will include work spaces suited to different requirements and many offices will be constructed. It is designed and created by Aeroporti di Roma, which is situated side-by-side with the Terminals of international hub Leonardo da Vinci and immediately access...
Thursday, 31. May 2018