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» Chronological View: " Hotel & Leisure " «

Drum submits revised Leith Walk refurbishment plans

Drum Property Group has submitted plans for a £50 million (c. €56 million)proposal to transform 2.9-acre Stead’s Place site, a section of Leith Walk, into a “vibrant” new mixed-use scheme. The plan includes residential housing, student accommodation and hotel, restaurant, café and retail units. The site has been earmarked for...
Monday, 13. August 2018

Allianz and Brookfield provide debt facility to Blackstone for St Katharine Docks

Allianz Real Estate and Brookfield have refinanced Blackstone’s St Katharine Docks on 50 St Katharine's Way, London, in a deal coordinated by HFF Real Estate Limited. Allianz as senior lender arranged the senior facility on behalf of a number of Allianz Group insurers. Brookfield - through the Brookfield Real Estate Finance F...
Friday, 10. August 2018

Extendam and Schroder acquire the hotel Eiffel Blomet in central Paris

Extendam and Schroder Real Estate Hotels (a division of Schroder Real Estate created following the acquisition of Algonquin Management Partners) along with two minority interests, have acquired the recently opened Art-deco style hotel “Eiffel Blomet”. This is Schroder Real Estate Hotels’ second acquisition since it acquired A...
Friday, 10. August 2018

Radisson to arrive in Riga in late 2018

Radisson Hospitality AB has signed a new Radisson in Europe, rolling out its upscale hotel brand across EMEA. Radisson Riga is being developed in collaboration with the group's long-term partner, Astor Group. Currently named Astor Riga Hotel, it will be rebranded to the Radisson Old Town Riga Hotel in late 2018.
Friday, 10. August 2018

All segments in the Moscow & St. Petersburg hotel market see prices increase in H1 2018

The busiest hotels in Moscow in the first half of this year were Upscale, Economy and Upper Midscale segments (78, 77 and 76% respectively), according to June & H1 2018 Moscow & St. Petersburg hotel market presented by JLL. Upscale hotels in St. Petersburg also reached the maximum occupancy, selling 69% of the rooms in H1, 1 ...
Wednesday, 8. August 2018

Europe’s commercial real estate investment slows in the first half of 2018

Investment in European commercial real estate slowed in the first half of 2018 as high prices were among the factors that led investors, including sovereign wealth funds and U.S. institutions, to scale back their direct property acquisitions, research by Real Capital Analytics (RCA) shows. Transactions completed in January th...
Wednesday, 8. August 2018

Two four-star hotels from Richardson Hotels portfolio sold to Harbour Hotels

The Metropole Hotel in Padstow and the Fowey Hotel in Fowey, two four-star hotels from the portfolio brought to the market following the administration of Richardson Hotels Limited and Fowey Hotel Limited, have been purchased by Harbour Hotels. Both properties were sold for undisclosed sums in excess of the guide price. The t...
Wednesday, 8. August 2018

BNP Paribas REIM acquires Munich hotel portfolio

BNP Paribas REIM have acquired a portfolio of three Ibis hotels built between 2012 and 2016 located in Munich, with a total of 410 bedrooms, for an undisclosed amount. A new 20-year lease agreement has been signed for the three assets with an Ibis franchisee in existence since 1996. The three properties are positioned in the ...
Wednesday, 8. August 2018

Orbis Hotel Group further develops its network in Romania

Orbis Hotel Group further develops its hotel network in Romania by entering Timisoara, the main social, economic and cultural center in western Romania. A management agreement for an initial period of 15 years has been signed between Orbis and its local partner and investor, Hotel Development S.A. for the...
Monday, 6. August 2018

New build hotels boost the hotel sector

The proportion of new build hotels grew by 37% last year accounting for 66% of all new rooms and boosting the country’s hotel sector. The country’s hotel sector saw the opening of 15,200 new hotel rooms in 2017, a 2.4% growth in hotel supply, according to research by property adviser Knight Frank. The pace of development in 2...
Monday, 6. August 2018

Radisson opens new hotel in Gdansk

Radisson Hospitality AB has signed the Radisson Hotel & Suites in Gdansk in Poland. In March 2018, the group announced its plan to rollout Radisson across EMEA and the hotel in Gdansk is the first one to open in Central & Eastern Europe (CEE). The new Radisson will bring the group's portfolio to 16 hotels (3,500+ rooms) in op...
Friday, 3. August 2018

Masterplan for Valencia arena revealed

Licampa 1617 has revealed a masterplan for a new arena designed by sports architecture firm HOK and local architecture practice ERRE. The new arena is aimed to be a destination for music, arts, culture, and sporting events. Valencia Basket’s new home will be attached to the stadium.
Friday, 3. August 2018

Greenland appoints Bruce Gillingham Pollard while opening first units in Ram Quarter

Greenland Investment has appointed Bruce Gillingham Pollard as joint leasing agent alongside CBRE to market more than 70,000 sq ft of new retail and restaurant space at the Ram Quarter development in Wandsworth, London. Greenland is currently regenerating the former Young’s Ram Brewery site to create retail and leisure space ...
Friday, 3. August 2018

Propiteer buys assets in Dublin and Belfast

Propiteer have recently made two acquisitions in Ireland: the addition of the Ibis Dublin Hotel and the Nambarrie Tea Factory in Belfast takes Propiteer’s asset portfolio to over £500 million (c. €560.87 million) in development value encompassing the hotel, hospitality and property development sectors.
Friday, 3. August 2018

Oaktree sells DoubleTree by Hilton Aberdeen Treetops to 7 Hospitality

Oaktree Capital Management has sold DoubleTree by Hilton Aberdeen Treetops to 7 Hospitality for an undisclosed sum. The newly refurbished 120-bedroom hotel is located in the West End of the city. JLL has advised OCM on the sale. CMS were legal advisors to the vendors, Brodies and French Duncan advised the purchaser.
Wednesday, 1. August 2018

Edinburgh St James development continues thanks to the arrival of locally fabricated steel

After construction on the 1.7 million sq ft Edinburgh St James development has begun in March , 15,000 tonnes of locally fabricated steel have been delivered on site for the new phase in the regeneration of the east end of Edinburgh. The steel is made up of 33,000 individual pieces which have all been smelted just 45 minutes ...
Monday, 30. July 2018

Frankfurts hotel transaction volume expected to match previous year’s level

Individual transactions, especially hotel development sales, continued to dominate investment activity on the German hotel investment market in the second quarter of 2018. Total transactions by German and foreign investors in the first half of the year amounted to €1.86 billion. This result is therefore slightly above last ye...
Thursday, 26. July 2018