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» Chronological View: " Hotel & Leisure " «

Aprirose appoints Philip Gardner as Commercial Director of new hotel management platform

Aprirose has strengthened its team with the appointment of Philip Gardner as Commercial Director to oversee its hotel management platform’s sales, marketing and revenue disciplines. Gardner joins Aprirose from Intercontinental Hotel Group (IHG) Europe where he was the Vice President leading the revenue management team. Prior ...
Wednesday, 20. February 2019

Alma Property Partners acquires a unique development project in Uppsala

Alma Property Partners has acquired one of the most centrally located development properties in Uppsala. The company has bought the development property Fålhagen 3:1, commonly known as Sivia Torg, with a unique location in one of Uppsala’s most expansive areas and in close proximity to the Uppsala central train station and th...
Wednesday, 20. February 2019

Staybridge Suites opens the first of its kind in Scotland

InterContinental Hotels Group (IHG) has opened its first Staybridge Suites® in Scotland, Staybridge Suites Dundee. Designed to meet the needs of extended stay guests from business travellers to families, Staybridge Suites Dundee offers 85 one bedroom and studio suites, with living areas, fully equipped kitchens and flexible w...
Wednesday, 20. February 2019

European hotel real estate investment reached a record high of €23.0 billion in 2018

European hotel investment volumes reached a record high of €23.0 billion in 2018, according to the latest data from leading global real estate advisor, CBRE. This represents a 3.4% increase on a strong 2017, and is 73.2% higher than the ten-year sector average. The total real estate investment volume for all sectors in Europe...
Tuesday, 19. February 2019

Hines partners with 25hours Hotels on prime mixed-use redevelopment in Copenhagen

Hines is to partner with European hotel operator 25hours Hotels to create a 243-room boutique hotel in the heart of Copenhagen. The new hotel will be the operator’s first project in Denmark and will form the centrepiece of a modern mixed-use development, including premium retail, on the city’s Købmagergade.
Monday, 18. February 2019

Freo sells Hilton Hotels Munich to Talanx AG

A company in the Freo Group has sold the two Hilton Hotels near the Donnersbergerbrücke, which opened in June 2018 in Munich. The purchaser is a company of the Talanx AG, with participation by Ampega Real Estate GmbH (formerly Talanx Immobilien Management GmbH). The parties agreed not to disclose the purchase price.
Friday, 15. February 2019

CEE region and Poland smashes real estate investment record

According to JLL, CEE's real estate investment transactional volume for 2018 was in excess of €13.2 billion, with Poland accounting for €7.2 billion , and smashing its previous record from 2006 (€5.05 billion). Poland was followed by the Czech Republic (over €2.5 billion) Hungary (over €1.85 billion), Romania (ca €900 million...
Thursday, 7. February 2019

Scandic signs agreement to sell Scandic Hasselbacken in Stockholm

Today, Scandic signed an agreement for the sale of Scandic Hasselbacken in Stockholm. The selling price amounts to around 230 MSEK (c. €21.9m) on a debt-free basis. The transaction is expected to result in a capital gain of approximately 180 MSEK for Scandic. The new owners will take over the operation of the hotel on March 1...
Thursday, 7. February 2019

Scarborough appoints BCEGI for phase 2 of the Middlewood Locks development

After phase 1 of the Middlewood Locks development was completed in October 2018, and with the residents already startung to move to their apartments during the summer, Scarborough International Properties Limited, in partnership with FairBriar International, has now appointed BCEGI for the construction of phase 2 of the new r...
Tuesday, 5. February 2019

JLL appoints Greg Childs as Executive VP, Hotel Development Advisory Group, EMEA

JLL has appointed Greg Childs as Executive Vice President of its Hotels Advisory business in Europe, the Middle East and Africa (EMEA) with immediate effect. He will lead the region’s operations and services across hotel development work, including operator searches, contract management, lease negotiations, and forward fundin...
Tuesday, 5. February 2019

Patrizia sells two German Holiday Inn hotels

Patrizia Immobilien AG has completed the disposal of two Holiday Inn hotel properties in Essen and Neu-Isenburg on behalf of its special fund Patrizia Hotel-Invest Deutschland I.
Tuesday, 5. February 2019

Cells Group develops 97,000 m² of commercial space in Berlin

Kudamm-Karree in Berlin becomes Fürst: Cells Group is developing a total of 97,000 m² of commercial space on a 20,000 m² site on Berlin’s Kurfürstendamm. Work has been underway on the first construction phase on Uhlandstrasse since February 2018 and is scheduled for completion in the fourth quarter of 2019. With the building ...
Monday, 4. February 2019

KD Funds and Peakside Capital acquire Austria Trend Hotel

Marking the fourth commercial real estate acquisition in Slovenia by the KD Adriatic Value Fund, the fund in partnership with Peakside Capital has finalised the acquisition of the Austria Trend Hotel from CA Immo. The fund's first acquisition was completed in April 2018.
Friday, 1. February 2019

Foreign investment in Spain reaches five-year high

The Spanish real estate market saw record levels of overseas investment in 2018, according to a new report from Savills Aguirre Newman. Data from the real estate advisor shows that 68% of the €10,800m invested in Spain came from foreign investors – the highest proportion in the last five years which represents an increase of ...
Thursday, 31. January 2019

Italy: 2018 closed with investments worth around €8.6 billion

2018 closed with a dynamic fourth quarter: Around €3.5 billion worth investments, annual volumes were down by about 20% compared to 2017 record year but up by 10% compared to the five year average, confirming a good level of activity.
Thursday, 31. January 2019

Supply increase impacts occupancy in provincial hotels

The fortunes of London’s hotels compared with those in the provinces widened in Q4 2018 as occupancy in London rose by 5% year-on-year compared with a more modest 1% increase in hotels outside the capital. According to the latest UK Hotel Market Tracker: Q4 2018, produced by HVS London, AlixPartners and STR, average room rate...
Wednesday, 30. January 2019