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Hotel & Leisure

EPH issues profit warning

EPH European Property Holdings to announce that the company expects a loss between €155 – 165 million for the year 2023, compared to a profit of €7 million for the same period a year earlier. A significant part of this loss is attributed to non-cash accounting adjustments.
Monday, 8. April 2024

Hyatt celebrates opening of Grand Hyatt Barcelona

Hyatt Hotels Corporation celebrates the opening of Grand Hyatt Barcelona, the first urban Grand Hyatt hotel in Spain, located in one of the most visited cities in the world. Marking the fifth Grand Hyatt hotel operating in Europe, this expansion also reflects Hyatt’s accelerated brand growth in Spain. Hyatt offers the fourth-...
Thursday, 4. April 2024

BG sells the Ibiza Beach Club Hotel Portinatx for €60m

Another hotel in Ibiza has changed hands: BG Hotels has sold the four-star BG Portinatx Beach Club Hotel. The purchaser is a Spanish family of international hotel businesses, who will carry out a comprehensive refurbishment of the hotel with its 243 rooms to reposition it.
Thursday, 4. April 2024

ECE, Soravia and Denkmalneu kick off in Venice

The redevelopment works for the landmark Hotel Bonvecchiati in Venice have commenced: Over the next two years, the project partners ECE Real Estate Partners, Soravia, and denkmalneu, will create a high-end 5-star lifestyle hotel with 168 rooms that is located just off St. Marks Square in the heart of the lagoon city and will ...
Thursday, 4. April 2024

Radisson expands footprint in Italy with opening in Rome

Radisson Collection has strengthened its presence in Italy with the opening of its sixth hotel, the Radisson Collection Hotel, Roma Antica with 84 rooms. Nestled in the heart of Rome's historic city center, the hotel is situated in a prime location near the iconic Altare della Patria, the Pantheon, Piazza Venezia, and ancient...
Wednesday, 3. April 2024

CPIPG sells 50% stake in Czech hotel subsidiary

CPI Property Group (CPIPG) has sold  a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties. 
Wednesday, 27. March 2024

LHG takes over hotel operations from 12.18.

The Lindner Hotel Group takes over the operation of five hotels previously managed by the 12.18. Group. LHG's portfolio will grow from two to four brands. 12.18. will focus on real estate activities. Both companies consider the merger to be another milestone in their respective growth strategies.
Tuesday, 26. March 2024

Aprirose agrees ground rent acquisition on trio of hotels

Aprirose has completed the purchase of the ground rents of three hotels in the UK which are part of the QHotels portfolio. The company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund.
Monday, 25. March 2024

Aimbridge EMEA strengthens extended stay portfolio with signing in Manchester

Aimbridge Hospitality EMEA has been named as the new third-party operator behind the Residence Inn by Marriott hotel in Manchester, strengthening its extended stay hotel portfolio in the UK and Europe. The 155-room property, owned by Park Hotels Holding (PHH) and asset managed by Ciel Capital, transitioned to Aimbridge EMEA e...
Monday, 25. March 2024

Marriott and Aroundtown celebrate reopening of Cardo Brussels Hotel

Following an extensive renovation of the building, the Cardo Brussels Hotel, Autograph Collection by Marriott will open in the heart of Brussels. The hotel property is part of Aroundtown's portfolio. The renovation has significantly improved the attractiveness of the hotel and the stay for guests, making it an exceptional des...
Monday, 25. March 2024

Redevco and SFP launch Iberian hotel joint venture

Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in 'Next Gen Stays,' currently comprising a seed portfolio of six assets in Portugal and Spain in the Lisbon, Porto, Bilbao, Malaga and Seville...
Wednesday, 20. March 2024

Marriott cooperates with Vasilakis to bring brand to Greece

Marriott International has signed an agreement in collaboration with Vasilakis SA to bring the JW Marriott brand to Greece. Anticipated to open in 2025, JW Marriott Crete Resort & Spa will span 100 acres of coastal area. SWOT Hospitality will collaborate with both as the third-party operator for the franchised property.
Tuesday, 19. March 2024