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Søren Faerber has been appointed as Managing Director of Scandic Denmark. He will start immediately and will also be a member of Scandic’s Executive Committee. Faerber is 48 years old and has many years of experience from management positions in Scandic’s Danish operations, as he has been a part of Scandic’s management team i...
Whitbread has acquired the prominent development site Twilfit House for 180-bedroom Premier Inn hotel from Abarta Investment ICAV, with the acquisition marking Premier Inn's first freehold acquisition in Dublin city centre as the hotel brand searches for up to 2,500 bedrooms in the city.
The Polish commercial real estate market is in the best shape it has ever been, posting a record-high investment volume that exceeded €7 billion in 2018. Office and industrial sectors, in particular, are setting new highs with last year’s trading volumes at nearly €2.6 billion and nearly €1.9 billion, respectively.
The Board of Directors and CEO Even Frydenberg of Scandic Hotels Group AB (publ) have agreed that Even Frydenberg will leave his position as President and CEO of the company. The Board of Directors has resolved to appoint Jens Mathiesen as the new President and CEO. Jens Mathiesen is a member of Scandic’s Executive Committee ...
A “topping out” ceremony has been held to mark the completion of the new Premier Inn hotel at the £150 million Bridgwater Gateway business park in Somerset. The 100-bed hotel is due to open later this year and will create more than 30 jobs. It is located on one of the prime road frontage plots on the 100-acre mixed-use site, ...
Evan Group has gained the services of Prof. Stephan Gerhard, an internationally recognised specialist for the hotel and restaurant industry, as a member of its Advisory Board. Thanks to his many years of experience as a consultant, expert appraiser, manager and academic, Prof. Gerhard combines theory and practice at a high le...
Following the announcement of two new leases in October last year Consus Real Estate AG has now forward sold the office and hotel development ‘No. 1’ located on Glücksteinallee 1-5 in Mannheim to an institutional purchaser. The transaction volume amounts to approx. €100m.
IC Immobilien Gruppe was mandated in September 2018 with the commercial, technical and accounting property management for the me and all hotel in Mainz. The hotel property, which was build in 2018 with a total rentable area of approx. 7,000 square metres, is owned by Hamburg Trust Grundvermögen und Anlage GmbH.
The total value of transactions may exceed €6.3 billion for 2018. JLL has presented the preliminary summary of the commercial real estate investment market in Poland.
A cocktail of factors has contributed to a bumper year for the hotels market in the UK and the South West of England in particular, according to the latest finding from Colliers International.
CBRE Ireland have today released figures for the volume and value of hotels traded in the Irish market during 2018, which shows that excluding hotel investment sales, 34 transactions totalling more than €730 million between them signed during the year. This is considerably higher than the volume of sales completed in 2017 and...
The renovation work for the new office and hotel tower at the myhive location on the Wienerberg in Vienna is proceeding on schedule: Immofinanz celebrated the topping-out ceremony yesterday, Tuesday, together with district representatives, the architects Holzbauer & Partner, the future hotel operator Novum Hospitality and the...
The latest ECM-MKG European Destinations Observatory report points out that, in European cities, the Revenue Per Available Room (RevPAR) experienced a 3.9% increase in the first 9 months of 2018. The Occupancy Rate increased by 0.9 points and the Average Daily Rate (ADR) by 2.6%. Midscale and Upscale/Upper Upscale are on a dy...
In cooperation with Deutsche Hospitality, the umbrella brand of Steigenberger Hotels AG, Commerz Real has issued a fund for European hotel real estate through its Luxembourg-based company CR Fund Management S.à r.l.. “Commerz Real European Hotel Fund”, which is structured as an open-ended special AIF (alternative investment f...
Aprirose has today completed the acquisition of the De Vere Theobalds Estate Hotel for £24.2 million (c. €26.9 million), from De Vere Hotels. The landmark 140-bedroom hotel in Cheshunt, Hertfordshire is a two-minute drive from the M25 and only ten miles from London.
Orchard Street Investment Management has completed the acquisition of two hotel investments in Newcastle City Centre from Union Property Development Ltd. for a total price of £38 million (c. €42 million). The transaction, made on behalf of St James’s Place UK Plc, comprises the acquisition of the Travelodge Quayside hotel and...
Invesco Real Estate has appointed David Kellett as Senior Director – Head of Hotel Transactions. He will oversee IRE’s investments in the hotel real estate sector alongside Hans-Peter Hermann, Senior Director of Hotel Asset Management.
The IntercityHotel Frankfurt Hauptbahnhof Süd opened for business on 1 December. With 414 rooms, it is the hotel brand’s largest building. It will therefore become the new flagship, replacing the hotel at Berlin Central Station also built by CA Immo and leased to IntercityHotel.
