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» Chronological View: " Hotel & Leisure " «

Balandis sells SI-Centrum and SI-Suites in Stuttgart to Brookfield

Balandis Real Estate AG has sold two mixed use investment assets - the 126,000 sq m SI-Centrum together with the sale of the adjacent 192 key SI-Suites Aparthotel. The complex and Aparthotel have been purchased by a real estate fund managed by Brookfield.
Friday, 1. June 2018

Hines secures planning approval for €1 billion Cherrywood Town Centre development

Hines has welcomed the decision by Dún Laoghaire-Rathdown County Council to approve plans for a new 2.1 million square foot town centre development at Cherrywood. The €1 billion mixed-use development will include 1,269 build-to-rent apartments, 585,000 sq. ft. of retail and office space as well as high-amenity leisure space.
Friday, 1. June 2018

FLE acquires hotel property in Essen

FLE GmbH, a company of the LFPI group, acquires a mixed-use hotel and office property in Essen on behalf of the Luxemburg based fund FLE SICAV FIS. The seller is a large Swiss bank. This acquisition symbolizes the return of FLE back onto the German market as a purchaser after having acquired three office buildings in Budapest...
Friday, 1. June 2018

Leonardo da Vinci's Business City at Rome Airport gets under way

The new Rome Fiumicino Business City's centre, comprising 7 buildings, will include work spaces suited to different requirements and many offices will be constructed. It is designed and created by Aeroporti di Roma, which is situated side-by-side with the Terminals of international hub Leonardo da Vinci and immediately access...
Thursday, 31. May 2018

Investable hotel market grows to over €52 billion

The investable hotel market in Germany grew in 2017 by approximately six per cent to €52.6 billion compared to 2016. According to the latest market value analysis carried out by Union Investment and Bulwiengesa, the size of the German hotel market has doubled in the last ten years. The key factor in this rise is the continued...
Wednesday, 30. May 2018

First Hyatt hotel to open in Athens, Dublin and Istanbul

Hyatt Hotels plans to open the first Grand Hyatt hotel in Athens, Dublin and Istanbul. The opening of the Grand Hyatt Athens is expected in Q3 2018, while the Hyatt Centric Liberties Gate Dublin is set to open in May 2019. The Nish Palas Istanbul hotel already opened in Nişantaşı, one of Istanbul’s oldest districts.
Monday, 28. May 2018

First Hyatt Centric hotel to open in Dublin next year

Hyatt Hotel Corporation announced plans for the first Hyatt property in Ireland, Hyatt Centric The Liberties Dublin. A Hyatt affiliate has entered into a franchise agreement for a Hyatt Centric hotel in Dublin with Realmside Ltd, an affiliate of Hodson Bay Group. The 234-room hotel will be managed by Hodson Bay Group Manageme...
Monday, 28. May 2018

Delta Hotels kicks off European expansion

Delta Hotels, part of Marriott International, today officially launched Delta Hotels by Marriott Frankfurt Offenbach marking the European debut of the hotel brand. Situated on the left bank of the Main River between Frankfurt city centre and Offenbach on the Kaiserleistraße 45, the hotel is within easy reach of the city’s abu...
Friday, 25. May 2018

New theatre announced as part of Wembley Park

Quintain has signed a new theatre venture to its £3billion (c. €3.4 billion) Wembley Park transformation. Taking over the former Fountain Studios, best known as the venue for shows including The X Factor, Britain’s Got Talent and Pop Idol, Troubadour Wembley Park Theatre will open in autumn 2018, and will be run by Troubadour...
Friday, 25. May 2018

Merkur Development and Novum Hospitality plan Niu hotel in Eschborn

Merkur Development Holding and Novum Hospitality are continuing to extend their partnership. Merkur, as developer for Novum Hospitality, is to build a new hotel at Mergenthaler Allee 23-25 in Eschborn/Taunus. The long-term tenant will be the mid-range „Niu“ hotel brand. When completed, the 7-storey building is anticipated to ...
Thursday, 24. May 2018

Park Inn by Radisson opens in Istanbul Odayeri

Park Inn by Radisson opened a Park Inn by Radisson in Istanbul Odayeri. The latest opening for Radisson Hotel Group takes its portfolio in Turkey to 20 hotels and more than 3,500 rooms in operation. Park Inn by Radisson Istanbul Odayeri will be managed by Radisson Hospitality AB.
Thursday, 24. May 2018

Park Hotels & Resorts sells Hilton Berlin for €297m

Lodging REIT Park Hotels & Resorts and its joint venture partner the Abu Dhabi Investment Authority (ADIA) have sold the 601-room Hilton Berlin in a share deal. The gross proceeds equate to approximately approx. €310 million ($350 million or $583,000 per key).
Wednesday, 23. May 2018

LNT Care Developments commits to HDD development

A 66-bed high-quality care home for the elderly is set to be built at a £15 million (c. €17.1 million) local centre development in Kent following a pre-let agreement announced today by Henry Davidson Developments (HDD). The news comes shortly after HDD revealed it had exchanged contracts to acquire three plots of land for de...
Wednesday, 23. May 2018

Intu Watford undergoes multi-million-pound makeover ahead of extension launch

Shopping centre Intu Watford is getting a multi-million-pound makeover ahead of the launch of the £180 million (c. €205 million) extension later in the year. Owner Intu is investing an additional £13 million (c. €14.8 million) to update the centre in time for the opening of the new 400,000 sq ft retail and leisure space, repl...
Wednesday, 23. May 2018

Hines acquires redevelopment asset in Copenhagen on behalf of HEVF

Hines has completed the acquisition of Købmagergade 44-46/50, a five-storey mixed-use asset in central Copenhagen, on behalf of Hines European Value Fund (HEVF). The building was purchased from Freja ejendomme which is a private company owned by the Danish State. The buildings were formerly owned by The Danish Building and Pr...
Wednesday, 23. May 2018

Axel Hotels adds two new projects to its expansion plan

Axel Hotels will continue its international expansion plan by opening two new hotels in 2019: Axel Hotel Valencia and Axel Hotel Donosti (San Sebastián). Both properties are scheduled to open their doors in the first half of 2019 as part of the company’s expansion plan, which includes plans to open 10 hotels in the next four ...
Wednesday, 23. May 2018

Patrizia acquires mixed-use Forum asset in Berlin for private investors

Patrizia Immobilien AG has acquired the mixed-use property ‘Forum Landsberger Allee’ in Berlin on behalf of a private investors’ fund managed by Patrizia GrundInvest. This investment, located in the city’s Prenzlauer Berg district, offers private investors the opportunity to participate in the attractive development of the pr...
Wednesday, 23. May 2018

Knight Frank poaches top hotel team from Eastdil

Knight Frank has expanded its global hotels offer with the recruitment of Adam Etra, Mark Schoenholtz, Lawrence Wolfe and Miles Spencer as managing directors. Joining from Eastdil, the new recruits oversaw Eastdil’s hospitality division for the eastern half of the U.S., and were responsible for deals such as Anbang Insurance ...
Tuesday, 22. May 2018