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» Chronological View: " Hotel & Leisure " «

Frasers Property UK appoints Ilaria del Beato as CEO

Frasers Property UK appoints Ilaria del Beato as CEO

Frasers Property UK has appointed Ilaria del Beato as its Chief Executive Officer. Del Beato brings with her nearly 30 years of real estate and finance experience, most recently as CEO of GE Capital UK. Ms del Beato has deep connections within the United Kingdom's property and capital markets and a proven track record in buil...
Monday, 15. January 2018

Commerz Real buys Brisbane Mercure and Ibis Hotels for €52m from CDL

Commerz Real has made its first investments for the new CR Institutional Hotel Fund. The German fund manager has acquired the 194-room Brisbane Mercure Hotel and 218-room Brisbane Ibis Hotel for a combined A$77 million (c.€52 million) from Singapore CDL Hospitality Trusts. The sale price represents an exit yield of 5.3 per ce...
Friday, 12. January 2018

The journey continues: Investment turnover of €58.2bn

In 2017 around €58.2 bn was invested nationwide in commercial property. Due to a very strong final quarter, the previous year's very good turnover was improved once again by 11 %. This is revealed in the Investment Market Report 2018, which BNP Paribas Real Estate will publish at the beginning of February. The most important ...
Friday, 12. January 2018
Topping out ceremony at Dominvs Group's latest hotel development

Topping out ceremony at Dominvs Group's latest hotel development

Dominvs Group has marked a key construction milestone at its latest hotel project, The Dixon, with a topping out ceremony. The event, which was held on site with the main contractor McAleer & Rushe alongside key contractors and suppliers, signifies the hotel has now reached its maximum height and that the structural framework...
Thursday, 11. January 2018
OD Hotels purchases building in Saint Tropez

OD Hotels purchases building in Saint Tropez

The Ibiza hotel chain, OD Hotels, has finalised the purchase of a building on the French Riviera, a mere 30 km from Saint Tropez — Avenue du Cap Nègre, 2 in Le Lavandou to be exact — with the intention of opening a hotel. It will be the group's sixth hotel and the first one to be located outside of Spain. With this deal, whic...
Wednesday, 10. January 2018

Staycity Aparthotels plans six new property openings for 2019-2020

Following a positive trading year and 12 months of significant growth Staycity Aparthotels has announced a further six new property openings for 2019-2020. Finance director Colm Whooley said that Staycity expects 2017 turnover to have grown by 25%, with strong profit margins remaining in line with that of previous years.
Tuesday, 9. January 2018

Second highest Nordic transaction volume ever in 2017

Transaction volumes in the Nordic commercial real estate market will exceed €42 billion in 2017. This is the second highest level ever recorded and Sweden is the only country showing lower volumes than last year, according to new figures from Pangea Property Partners.
Monday, 8. January 2018
First Hyatt Place Hotel in Germany opens directly at Frankfurt Airport

First Hyatt Place Hotel in Germany opens directly at Frankfurt Airport

In Gateway Gardens, the new district of the City of Frankfurt, the Hyatt Place Frankfurt Airport is today celebrating its inauguration. The first hotel of this brand in Germany is located in the heart of Gateway Gardens, next to the rapid transit station and the District Park. The hotel is directly linked to the terminals of ...
Friday, 5. January 2018

DTZ Investors Buys Combined House and International House for £55.9m

DTZ Investors has completed the purchase of Combined House and International House, Kingston-upon-Thames (Greater London) for a price of £55.9m (c.€62.8m). The asset includes two 10-storey buildings and a shopping mall comprising 144,200 sq ft of hotel and retail accommodation plus a 366-space multi-storey car park. The two h...
Thursday, 4. January 2018

Pandox completes acquisition of hotel portfolio

Pandox’s acquisition of the hotel portfolio in the UK and Ireland, which was announced 13 December 2017 , has been completed. The total acquisition price amounts to £800 million (approximately SEK 9,030 million). After reorganisation of the portfolio Pandox’s share of the total acquisition price is expected to amount to £680 ...
Wednesday, 3. January 2018
Hermes acquires the Co-op Group's stake in Noma

Hermes acquires the Co-op Group's stake in Noma

Hermes Investment Management has acquired The Co-op Group's entire share interest in the sites and buildings within their Noma Joint Venture (JV). Noma is an urban regeneration scheme in Manchester and the largest development project in North West England. The 20-acre mixed-use redevelopment scheme, which is transforming Manc...
Tuesday, 2. January 2018
Henderson Park acquires the Westin Paris-Vendôme from GIC

Henderson Park acquires the Westin Paris-Vendôme from GIC

Henderson Park has committed to the seller to purchase the Westin Paris-Vendôme from GIC, Singapore's sovereign wealth fund, subject to completion of antitrust clearance. GIC shall be entitled to exercise a put option to Henderson Park after the fulfilment of the seller's obligations under French labour law, i.e., the complet...
Friday, 22. December 2017

€3bn of Irish hotel sales since 2012

More than €3bn worth of hotels have changed hands in Ireland since 2012 according to a new analysis by Savills Ireland. Despite €600m worth of transactions, Savills note that 2017 was a quieter year for hotel sales, on foot of strong trading in 2016 (€850m) and 2015 (€1bn).
Thursday, 21. December 2017

Novum Hospitality acquires one of Frankfurt's largest conference hotels

Novum Hospitality has concluded its latest mega-deal, acquiring a conference hotel in Frankfurt-Niederrad at the start of 2018. Following a short refresh, which will take place during normal operations, the 4-star conference hotel with 396 rooms and 14 event spaces will, on the basis of a franchise agreement with IHG (InterCo...
Thursday, 21. December 2017

Moorfield sells Derby Riverlights Holiday Inn Hotel to Starboard Hotels

On behalf of the Moorfield Real Estate Fund III (MREF III), Moorfield Group has sold Derby's Riverlights Holiday Inn hotel to Starboard Hotels. The Holiday Inn, a full service hotel with conference and banqueting facilities, was brought to the market for offers over £6 million (c. €6.8 million). In addition to the hotel, Star...
Wednesday, 20. December 2017

Carlson Rezidor adds new business development managers in Italy & UK

As part of ambitious global growth plans, Carlson Rezidor Hotel Group has announced two new additions to its Europe, Middle East and Africa (EMEA) Regional Business Development team, to signal its commitment to accelerate growth in key European markets.
Tuesday, 19. December 2017
Octopus Property funds Stonehenge hotel acquisition with £5mn facility

Octopus Property funds Stonehenge hotel acquisition with £5mn facility

Octopus Property, part of the Octopus Group, has provided Bowling Green Asset Management Ltd (BGAM) with a £5.0 million (c. €5.7 million) loan for the acquisition of the Holiday Inn Stonehenge, in Wiltshire. Completed within four days, the deal demonstrates the ongoing appetite from borrowers for the type of swiftly executed ...
Tuesday, 19. December 2017