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» Chronological View: " Hotel & Leisure " «

Developers Trinity One LLP submits planning for mixed-use development in Huddersfield

Planning has been submitted to transform a premier gateway site in Huddersfield into a major mixed-use development, creating hundreds of sustainable jobs for the town. Developers Trinity One LLP are regenerating the 6.1 acre former campus of Kirklees College in New North Road on the western side of the town’s ring road. Kirkl...
Wednesday, 29. August 2018

The Curtain Hotel and Members Club in Shoreditch acquired by Reuben Brothers

The Curtain Hotel and Members Club in Shoreditch has been sold to the Reuben Brothers. The sale is purely transactional and no changes will be made to the management or operations of the hotel and members club; a subsidiary of Michael Achenbaum and Jeffrey Levine, the co-developers of the project, retains management of the pr...
Tuesday, 28. August 2018

CBRE Global Investors acquires Hanseviertel building in Hamburg from Allianz

CBRE Global Investors, on behalf of one of its funds, has acquired the iconic Hanseviertel mixed-use building ensemble in Hamburg’s historic centre from Allianz Lebensversicherungs AG, which was represented by Allianz Real Estate Germany GmbH. With a combined GLA of ca. 38,850 sqm., the Hanseviertel consists of a shopping arc...
Tuesday, 28. August 2018

Fattal Hotels to invest £32 million in new Edinburgh scheme

Jurys Inn and its owner, Fattal Hotels, have revealed plans to invest approximately £32 million (c. €35.4 million) in the redevelopment and expansion of the existing Jurys Inn Edinburgh hotel and its neighbouring site. The scheme, which remains subject to planning approval, will see Jurys Inn and Fattal undertake significant ...
Monday, 27. August 2018

Scandic Hotels signs long-term lease to operate a new hotel Trondheim

Scandic Hotels has signed a long-term lease agreement with Bane NOR Eiendom and Utstillingsplassen Eiendom to operate a new hotel in the Nyhavna area of Trondheim. The hotel will be the city’s largest conference hotel with 425 rooms and conference facilities covering close to 4,000 m2. The hotel is expected to open in 2022.
Monday, 20. August 2018

Starhotels and PAI Fund sign agreement for new hotel

The A Compartment of the PAI-Parchi Agroalimentari Italiani Fund set up and managed by Prelios SGR has signed a framework leasing agreement with Starhotels for the new Fico Eataly World hotel in Bologna. The agreement sets out the commitments and structure of the operation until the date of completion of the hotel, and includ...
Friday, 17. August 2018

PGIM and Trivua confirm Junghof Plaza deal

The sales rumors of Junghof Plaza in Frankfurt to Triuva are now officially confirmed by the investors involved. The Patrizia subsidiary has agreed the forward purchase of the mixed-use property in Frankfurt, in an off-market transaction on behalf of a large German pension scheme. The agreement was executed on behalf of a joi...
Thursday, 16. August 2018

European hotel investment reached €21bn

Hotel real estate investment in Europe reached €21 billion in the 12 months to Q2 2018, representing a 5.8% increase in transaction volumes year-on-year, according to the latest data from CBRE. Total investment volumes of all real estate sectors in Europe saw an increase of 4% on the same period last year.
Thursday, 16. August 2018

Frankfurt top city in new index for hotel investors

Frankfurt, the eurozone financial capital, is the stronger performer of the 20 cities surveyed for the full year’s results of the Hosted Accommodation Investment Returns Index (HAIRI). The West German city showed both strong Capital Return Index rankings and strong Income Return Index rankings giving it a double-digit Total R...
Wednesday, 15. August 2018

Gekko Group signs long-term lease in 160 Park View, Frankfurt

RFR and Hines have signed a long-term lease with the Gekko Group at 160 Park View, a residential and hotel project in Frankfurt's Westend district. The group will operate the Roomers Park View in the 19-story hotel tower. The hotel, located at Grüneburgweg 102, is scheduled to open at the end of 2020. In the adjoining 160 Par...
Wednesday, 15. August 2018

Gaw Capital JV acquires Spanish boutique hotel brand Hospes

Hong Kong-headquartered realty private equity firm Gaw Capital Partners has acquired a 50% stake in Hospes Hotel Group, a Spanish boutique hotel brand. For the acquisition the company has formed a joint venture with investment firm Omega Capital. The cost of acquisition was not disclosed.
Wednesday, 15. August 2018

Work begins on £10m hotel at Hamilton Park Racecourse

Work on a new £10m (c. €11.2) hotel at Hamilton Park Racecourse has now begun, with Robertson Group to serve as lead contractor. Hampton by Hilton Hamilton Park will feature 118 rooms and is to be built on land previously used as a car park for racecourse guests. Planning approval was granted by South Lanarkshire Council in ...
Tuesday, 14. August 2018

BrickVest launches new US fund

BrickVest has announced the launch of Harvest Investment 8 (HV8), the latest in its range of thematic strategy Alternative Investment Funds (AIF) and the first to offer investors exposure to the US market. HV8 focuses on US trophy asset real estate strategies and has been launched in response to increased demand from Europe...
Monday, 13. August 2018

Triuva acquires Frankfurt’s Junghof Plaza for €400m

Triuva is under way again in the three-digit million euro range in Frankfurt, but this time on the buyer side. After the Patrizia subsidiary sold the Gallileo office tower for €356 million in May , the fund manager is now apparently investing around €400 million in the 33,350 m² Junghof Plaza on behalf of a German pension fun...
Monday, 13. August 2018

Saco acquires two new sites for development for further Locke expansion

Saco Property Group has acquired two sites in Southwark, London and the North Docks, Dublin, aiming at developing two more Locke aparthotels. The 70,000 sq ft Tower Bridge Road site, to be called Bermonds Locke, is due to open in Spring 2020. The aparthotel will comprise 142 keys, comprised of 99 studios and 43 one beds. Th...
Monday, 13. August 2018