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» Chronological View: " Hotel & Leisure " «

NCC buys property in Bromma and invests SEK 2.5 billion in development project

NCC is purchasing a property from ICA Fastigheter with approximately 50,000 square meters of development rights for offices, retail and a hotel. NCC has also signed 15-year leases for approximately 20,000 square meters. The property is located adjacent to the Bromma Blocks shopping area at the entrance to Bromma Airport.
Wednesday, 19. September 2018

Richard Thomas joins Fleurets as Divisional Director

Leisure property specialist Fleurets to announce the appointment of Richard Thomas to their agency team. Based in Fleurets’ London office, Thomas will be involved with all aspects of agency within the capital, including both individual and group freehold and leasehold sales as well as new letting assignments. Furthermore, Tho...
Monday, 17. September 2018

NCC and Platzer begin office and hotel development in Gothenburg

NCC and Platzer are beginning construction on an office and hotel project in the Gårda district in connection with the detailed development plan now entering force. In parallel, leases have been signed with ESS Group regarding a hotel concept with the ambition of creating a unique new destination for visitor experiences and n...
Monday, 17. September 2018

AustralianSuper and TH RE finance One Crown Place with £280m development facility

AustralianSuper has teamed up with TH Real Estate to jointly finance One Crown Place in London’s EC2 with a £280m (c. €314.8m) development facility. AustralianSuper has committed £230m (c. €258.6m) and TH Real Estate’s recently launched Global Real Estate Debt Partners - Fund II (UK) (GREDP Fund II) is participating with a £5...
Monday, 17. September 2018

International Campus celebrates ground-breaking for new boarding house in Munich

Last week International Campus celebrated the ground-breaking of its new boarding house at Landwehrstraße 75 in Munich with around 60 guests. A total of 157 apartments with a central entrance area and a green inner courtyard are expected to be built by the beginning of 2020 in the Ludwigsvorstadt-Isarvorstadt district near th...
Monday, 17. September 2018

Great momentum in Spain's real estate market

Spain's positive economic development is providing the local real estate market with ongoing tailwind. A recent study carried out by Deutsche Hypo comes to the conclusion that the markets for office, retail, hotel and logistics real estate are on a growth trajectory and that they will also be maintaining this growth.
Monday, 17. September 2018

Hotel construction pipeline in Europe continues to accelerate forward

Lodging Econometrics’ (LE) analysts report another year of accelerating growth for Europe’s hotel construction pipeline which is at the highest level since LE began recording in 2007. The total pipeline stands at 1,388 projects/219,251 rooms for the second quarter of 2018. It is an impressive 18% increase year-over-year (YOY)...
Monday, 17. September 2018

A new Park Inn by Radisson to land at Oslo Airport

Radisson Hospitality AB to announce the signing of the Park Inn by Radisson Oslo Airport Hotel West. Located near a critical hub of international travel, the hotel brings the group's portfolio in Norway to 24 hotels and more than 6,000 rooms in operation or under development. The Park Inn by Radisson Oslo Airport Hotel West i...
Thursday, 13. September 2018

Continuous growth of European city tourism

The 14th edition of the European Cities Marketing Benchmarking Report includes key figures from 126 European cities and provides benchmarking insight into bednights sourced from Europe's main markets in addition to analyses of city tourism compared to national tourism, bed supply, occupancy, and tourism densities. Overall, t...
Thursday, 13. September 2018

Legal & General leisure fund acquires Broadway Plaza for £47m

LGIM Real Assets (Legal & General) announces that it has acquired Broadway Plaza in Birmingham, on behalf of its Leisure Fund, from Aviva Investors, for £46.95 million (c. €52.6 million), growing the fund to over £600 million (c. €673 million).
Thursday, 13. September 2018

Radisson Blu opens in Bruges

Radisson Blu to announce its latest hotel opening in the historic city of Bruges, called the Venice of the North. This stunning 109-room hotel is located in a UNESCO World Heritage City, within walking distance of the Grand Place, the medieval city center (De Markt) that dates back to the 12th century.
Thursday, 13. September 2018

Cycas secures first hotel management contract in mainland Europe

Cycas Hospitality is continuing its European expansion programme by signing its second deal in the country. The company’s first hotel management agreement outside the UK is another step forward in Cycas’s ambition to manage up to 3,000 guest rooms across France by 2022. As the hotel management company’s first stand-alone sele...
Wednesday, 12. September 2018

AccorHotels completes acquisition of Mövenpick Hotels & Resorts

AccorHotels has completed its acquisition of Mövenpick Hotels & Resorts. The Enterprise Value (EV) represents CHF 560m (€482m) and encompasses 100% of Mövenpick company’s share capital, as well as ownership of the Mövenpick brand for all activities related to the hospitality business.
Wednesday, 5. September 2018

Busy autumn season anticipated for the Irish commercial property market

CBRE released their latest bi-monthly report focusing on the latest trends and transactions in all sectors of the Irish commercial property market. According to Marie Hunt, Executive Director & Head of Research at CBRE Ireland, “Following the traditional ‘pause for breath’ during the Summer months, the Irish commercial proper...
Monday, 3. September 2018

Scandic to divest one hotel in Kuopio

Yesterday, Scandic has signed an agreement to divest the hotel operations of Cumulus Kuopio Station in Kuopio to Lapland Hotels OY. The buyer will take over the operations of the hotel, which has 141 rooms, on November 1, 2018. The selling price for Cumulus Kuopio Station amounts to approximately 10 MSEK and the transaction i...
Friday, 31. August 2018