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Spanish fund manager Azora, through its European Hotel & Lodging vehicle, has acquired The Lodge, a 119-room hotel in Porto, Portugal, for €40m. The seller was Portuguese businessman Mario Ferreira through his company Pluris Investments.
Developer Benchmark Real Estate has sold the Moxy Hotel and the Residence Inn by Marriott in Hamburg Altona. The new hotel building, which opened in 2021, is operated by the Odyssey Hotel Group.
Fund manager Sofidy, a subsidiary of Tikehau Capital, has acquired the B&B Milano Centrale Station on behalf of the Efimmo 1 fund, Seller is BPER Leasing, a subsidiary of BPER Banca Group. The purchase price was not disclosed.
The CapMan Nordic Real Estate III Fund (CMNRE III) together with Operating Partner Atell AB acquire a hotel, and office property, Solna Kasernen 1, located in Hagaparken, the Royal National City Park, in Solna. The seller is a privately held company within the Slottsparken Group.
Growth market Economy: On November 1, Zleep Hotel opens its 15 hotel in Denmark. The hotel company is thus further expanding its market position in the Scandinavian economy segment.
The German hotel chain Maritim has stabilized its business development. “We are relieved that we can finally look back on a few months of very good sales. Business has been booming since May, both in the private customer and business sectors,” says Martin Friedrich, Chief Financial Officer (CFO) at Maritim Hotelgesellschaft.
Deutsche Finance International (DFI) and BCP Capital, the London and Dublin focused value-add real estate manager of €1.0 billion in assets, have signed a long-term agreement with Ennismore – the lifestyle hospitality company – to operate the Central Hotel as Ireland’s first Hoxton.
InterContinental Hotels Group PLC (IHG) announces that Paul Edgecliffe-Johnson will step down from the Board and his role as Chief Financial Officer and Group Head of Strategy to take up a new position outside of IHG. Edgecliffe-Johnson will leave IHG in six months’ time and the Company has begun the process of appointing a s...
easyHotel has acquired eight franchised Benelux hotels from real estate private equity fund manager Crossroads Real Estate, for approximately €145 million. The deal is fully supported by easyHotel’s majority shareholders, Icamap and Ivanhoé Cambridge.
Zleep Hotels is celebrating the next milestone in its European expansion on 12 October 2022 with a topping-out ceremony for Zleep Hotel Prague. This first hotel in the Czech Republic will feature 166 rooms as well as a lobby, reception, and snack bar in Scandinavian design.
Set in the center of Madrid’s cultural, artistic and culinary scene, Radisson Hotel Group opens its first Radisson RED in Spain, welcoming the vibrant lifestyle brand to the country. Located on Calle de Atocha, one of the main bustling avenues in Madrid and in the heart of the Golden Triangle of Art, Radisson RED Madrid is st...
The Danish hotel brand Zleep Hotels is adding another property outside Scandinavia to its current portfolio: In a new building project, Zleep Hotel Leipzig is to offer 150 rooms within walking distance of the city center and is scheduled to open in 2024. It features a lobby, reception, snack bar, its own parking spaces and a ...
With nearly 2,500 new hotel rooms due to open over the next 18 months the Portuguese capital of Lisbon will continue to attract keen interest from investors as the popularity of the city grows, according to a new report from HVS.