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Hotel & Leisure

Primestar to open second June Six boutique hotel

With its new brand group June Six Hotel, June Stay and WorX, the hotel operating company Primestar Group introduced a new product concept with an integrated offer in the hotel, long-stay and workspace segment in German A-cities in May 2022.
Tuesday, 14. March 2023

ECE to develop first hotel project in Italy

ECE is planning the development and realization of a hotel operated by „Ruby Hotels“ in Rome, With the project, the group company ECE Work & Live, as planned, expands its development activities in this asset class to international markets as well as to the conversion of existing properties. The plans provide for the conversio...
Thursday, 9. March 2023

Accor to open a new Mercure hotel in Bucharest

Accor announces the opening of a new Mercure Hotel in Bucharest in the fall of 2023. The new opening follows the conclusion of a franchise agreement with local company SAB Serv Express SRL. The hotel will operate in a fully refurbished building on Dimitrie Cantemir Blvd, close to the old city centre.
Thursday, 9. March 2023

LondonMetric sells £34 million of long income assets

LondonMetric Property Plc (“LondonMetric”) announces the sale of seven long income assets for £33.9 million (LondonMetric share: £29.6 million), reflecting a blended NIY of 4.5% and crystallising a blended ungeared IRR of 10% and a 28% profit on cost.
Monday, 6. March 2023

Union Investment buys Westfalen Center Dortmund from AFIAA

Union Investment has acquired the Westfalen Center Dortmund. Located close to Dortmund city centre, the campus property comprises an office building that incorporates a hotel. The campus occupies a 10,062 sq m site, with around 30,415 sq m of rental space and 442 parking spaces. The vendor is Swiss investor AFIAA Investment F...
Thursday, 2. March 2023

Henderson Park sells Westin Paris Vendome stake to Dubai Holding

Dubai Holding, a diversified global investment company with operations in 13 countries, announced today that it has acquired full ownership of the iconic The Westin Paris Vendome after acquiring Henderson Park’s stake in the property.
Monday, 27. February 2023

European hotel occupancy reached 89% recovery relative to 2019 levels

As the world continues to find a new normal post-COVID, consumers have placed heightened importance on travel and experiences, which has accelerated lodging demand, and resulted in revenue per available room (RevPAR) reaching or exceeding 2019 levels across Europe. According to JLL Hotels & Hospitality Group’s latest Global H...
Wednesday, 22. February 2023

Pandox buys the Queens Hotel for £53m

Sweden-based hotel property company Pandox has acquired The Queens Hotel in central Leeds from Aprirose for £53 million. The acquisition includes both the hotel property and the hotel operations.
Monday, 20. February 2023

Brighton's Grand Hotel sold to Fattal Group

Israel-based Fattal Group has acquired the 159-year-old Grand Hotel in Brighton as part of its ongoing expansion into the luxury market for nearly £60m. The vendor was Wittington Investments, which bought luxury hotel on the seafront from De Vere for £50 million in 2014. Fattal plans to invest significantly in the transforma...
Monday, 20. February 2023

Limehome to open in Bremen's new Balgequartier

Limehome will expand its presence in Bremen and open 82 flats in the Balgequartier during 2025. The operator of fully digitalised design flats has agreed a 3,400 sqm lease with developer Joh. Jacobs & Co-Group.
Friday, 17. February 2023

Pandox brings Radisson Individuals to Berlin

The expansion of the brand, which was only launched at the end of 2020, is in full swing:Following the strong expansion of Radisson Individuals' portfolio last year, the first property in the German capital has now also been announced. The brand will move into the Pandox property at Lützowplatz in City West and will be the br...
Thursday, 9. February 2023

PKF Hospitality appoints Florian Van der Bellen

PKF Hospitality Group has appointed Florian Van der Bellen as the Head of Destination Development for the PKF Tourismexperts division effective February 1st. Florian Van Der Bellen succeeds Christopher Hinteregger, who has joined the Kingdom of Saudi Arabia as a tourism consultant, where PKF Hospitality Group is also active.
Thursday, 9. February 2023