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Hotel & Leisure

Odyssey brings IHG's „Vignette Collection“ to Germany

IHG Hotels & Resorts and the Dutch Odyssey Group are bringing Vignette Collection to Germany. The hotel operator has signed the contracts with the JV of the two project developers Aixact and Derichs and Konertz (DaixKo) for the „Alte Post“ hotel development. The „Alte Post Vignette Collection“ hotel is scheduled to open in 20...
Tuesday, 7. February 2023

Credit Suisse AM and Trinity buy South Florida convention and resort hotel

A joint venture between real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC, an affiliate of full-service private real estate investment firm Trinity Real Estate Investments LLC (Trinity), today announced the acquisition of The Diplomat Beach Resort in Hollywo...
Monday, 6. February 2023

Recovery in the hotel investment market noticeable despite new challenges

After an initially good start to 2022, the ongoing war in Ukraine and its consequences caused renewed unrest on the Austrian hotel investment market. Which buyer group was nevertheless active, and what domestic banks say about the current financing landscape, you can read in the latest transaction market report from Christie ...
Friday, 3. February 2023

CBRE hires hotel specialist in the Nodics

CBRE announced today that Robin Stenlund has joined its Sweden office as an advisor and specialist in Hotels. Stenlund’s most recent position was at Newrest where he worked as CFO for Scandinavia. Prior to this, he held the role of investment manager and analyst in Hotel Real Estate Investments & Asset Management at Midstar A...
Thursday, 2. February 2023

Deka divests East Side Hotel in New York

Deka Immobilien has sold the former Marriott East Side Hotel. With the sale of the hotel, which the fund manager had acquired in 2015 for 270 million US dollars in a JV with Ashkenazy Acquisitions Corporation (15%), Deka Immobilien is now drawing a line under the investment that has probably brought it more trouble than profi...
Thursday, 2. February 2023

Universal Beach buys the MySeaHouse Hotel Neptuno

Universal Beach Hotels has acquired the 114-room MySeaHouse Hotel Neptuno on the beachfront of Playa de Palma, in Mallorca. The hotel chain plans to invest €5-6 million to renovate the property. The renovation work is expected to take place in winter 2023/2024.
Thursday, 19. January 2023

Prizeotel grows by 3 hotels in the DACH region

Prizeotel has continued to expand throughout 2022, with the addition of three new hotel openings representing nearly 1,000 rooms. The Group announced plans to expand the brand’s footprint with 45 new signings in select European countries with a special focus on UK and Ireland over the next five years, as it looks ahead to new...
Thursday, 19. January 2023

Hotel Co 51 opens first dual-brand hotel in Dortmund

Hospitality operator Hotel Co 51 has boosted its German presence with the opening of its second dual-brand development in Germany: Moxy Dortmund City and Residence Inn by Marriott Dortmund City.
Thursday, 19. January 2023

Melia Hotels unveil new location in Barcelona

Meliá Hotels International has signed a long-term agreement to manage the former Rey Juan Carlos Hotel in Barcelona. The hotel will be operated under the luxury Gran Meliá brand with the name „Miranda de Pedralbes“, a tribute to the residential area in which the hotel is located.
Thursday, 19. January 2023