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Hotel & Leisure

IHCL opens first European Taj in Frankfurt

There is a new start for the former Grandhotel Hessischer Hof: Peakside presents comprehensive revitalization plans for the vacant luxury hotel acquired at the end of 2022, so that the house can celebrate its reopening in 2025 as the first Taj Hotel in continental Europe.
Friday, 15. September 2023

Praxis and Veld Capital acquire Brindleyplace in Birmingham

Praxis and Veld Capital announce the acquisition of Brindleyplace in the heart of Birmingham city centre, UK, for £125 million. The prime 14.9-acre canal side campus, acquired from HSBC Alternative Investments, is an iconic “work-live-play” location and is one of Birmingham’s most popular business and leisure destinations....
Tuesday, 5. September 2023

Numa expands to France

Numa Group announced the first property in Paris. With the inauguration of its brand in France, the group has taken the next major step in its Europe-wide expansion strategy. Following the Paris launch, Numa Group is now active in ten European countries and 27 major European cities with more than 4,500 units.
Tuesday, 5. September 2023

IHG adds sixth hotel to its Vignette Collection

IHG Hotels & Resorts welcomes Convent Square Lisbon, Vignette Collection to its growing Luxury & Lifestyle portfolio. The 121-room hotel in Lisbon’s epicentre marks the second Vignette Collection property to open in Europe and the sixth hotel to join IHG’s first collection brand, set to reach 100 properties in 10 years.
Monday, 4. September 2023

AC Hotels by Marriott celebrates its brand debut in Croatia

AC Hotels by Marriott announced its brand debut in Croatia with the opening of AC Hotel by Marriott Split. The hotel is located on the high floors of the 135-metre-high Westgate Tower with a views of the Adriatic Sea and Split’s cityscape.
Thursday, 24. August 2023

UK hotels report strong growth in revenues

Hotels in the UK are experiencing a post-Covid rebound according to the latest research from Knight Frank. London hotels achieved an occupancy rate of 82% in June 2023, a rise of 3.2 percentage points year-on-year, whilst hotels outside the capital recorded growth of four percentage points to almost 81% occupancy versus 2022.
Wednesday, 23. August 2023

Slättö partners with Bob W in hospitality segment

Slättö continues its growth in Finland and expands its portfolio within the hospitality segment. The investment is made in collaboration with tech-powered, short-term rental operator Bob W in a brown-to-green refurbishment in Kasarmikatu 40, central Helsinki.
Monday, 21. August 2023

Ylva secures credit facility for Lyyra project in Helsinki

Ylva has secured a new development financing for Lyyra project’s hotel and residential building in Hakaniemi, Helsinki. The financing is provided by the latest Velo Capital fund - Velo Mezzanine Credit Fund (VMC) that is focused on green financing.
Thursday, 17. August 2023

Radisson opens first Radisson RED in Eastern Europe

The first Radisson RED hotel in Eastern Europe has arrived in Tbilisi, Georgia. Situated in a 100-year-old former post office building on the iconic Davit Aghmashenebeli Avenue, Radisson RED Tbilisi blends culture, history, and contemporary design. The hotel is also a culinary destination thanks to its modern and cozy Posta R...
Tuesday, 8. August 2023