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» Chronological View: " Hotel & Leisure " «

Henderson Park and Hines select Grand Hyatt brand for Athens hotel redevelopment

Henderson Park and Hines have agreed upon a franchise agreement with an affiliate of Hyatt Hotels Corporation for the former Ledra Hotel in central Athens, which will be operated as a Grand Hyatt hotel. Henderson Park and Hines acquired the former five-star hotel in June 2017, in both companies' first investment into the Gree...
Tuesday, 22. May 2018

Gateway Real Estate acquires another real estate portfolio from Värde Partners

Gateway Real Estate has acquired a portfolio of 21 commercial properties with about 100,000 sqm lettable space from Värde Partners. With this transaction, the number of properties in the portfolio of Gateway Real Estate will increase to 31 and a total lettable space of more than 250,000 sqm. After the closing, the individual ...
Thursday, 17. May 2018

InterContinental® makes its debut in Sofia

InterContinental® Hotels & Resorts has opened the InterContinental® Sofia in the capital city. Marking the brand’s debut in the country but seventh opening in Eastern Europe, the hotel features 194 rooms, including 27 Club rooms and 37 Suites. The hotel is located in the capital's city center.
Thursday, 17. May 2018

Hotel double deal for Dalata in Bristol and Birmingham

Dalata Hotel Group has signed agreements to lease two new hotels to be built in the UK, which will deliver an estimated 580 new bedrooms to the group’s hotel portfolio. A new Clayton Hotel is planned for Bristol, to be developed by Artisan Real Estate Investors Limited, and a new Maldron Hotel is planned for Birmingham, to b...
Thursday, 17. May 2018

Renaissance Hotels opens first hotel in Warsaw

Renaissance Hotels will open the Renaissance Warsaw Airport Hotel, thus making its debut in the country. With the opening, the company is reinforcing its significant growth momentum around the world. With plans to debut 16 hotels in the next 12 months globally, Renaissance Hotels will continue to revamp the staid airport hote...
Tuesday, 15. May 2018

Staycity seeks further sites in Germany as expansion continues

Staycity Group is seeking further sites in the country for its popular aparthotel properties as part of its mission to make it one of the company’s core markets along with Ireland, the UK, Italy and France. Additional sites have been secured in Disneyland Paris (284 apartments), Venice (175) as well as four sites in Dublin gi...
Monday, 14. May 2018

Commerz Real sells Hotel Maritim in Cologne to Art-Invest Real Estate

Art-Invest Real Estate has bought the 4-star conference hotel Maritim Köln for its “Hotel Manage-to-Core Fund”. The owner since 1997 has been the Commerz Real closed-end real estate fund CFB 111. Both parties have agreed to maintain confidentiality on the purchase price. For the investors in CFB 111, the total return flow of ...
Monday, 14. May 2018

Courtyard by Marriott opens new property at Paris Charles de Gaulle airport

Marriott International has opened a property at the Paris Charles de Gaulle airport. Formerly the Radisson Blu CDG hotel, the property has undergone an extensive 15-month, multi-million pound refurbishment to relaunch as the Courtyard by Marriott Paris Roissy CDG Airport Hotel, making it the brand’s seventh hotel in the count...
Tuesday, 8. May 2018

Scandic Hotels to open hotel in the market of Voss

Scandic Hotels has signed a long lease agreement with Bane NOR Eiendom to operate a new hotel in Voss. Scandic Voss will be a centrally-located hotel and the first hotel in the town to be operated by a large hotel company. Western Norway is an important region for Scandic and the hotel chain has developed strongly in this reg...
Tuesday, 8. May 2018

Rezidor Hotel Group renames to Radisson Hospitality

At the 2018 Annual General Meeting in Stockholm, the shareholders resolved to change the name of the company from Rezidor Hotel Group AB (publ) to Radisson Hospitality AB (publ) by amending the company’s articles of association. The new articles of association has now been registered with the Swedish Companies Registration Of...
Monday, 7. May 2018

Alexandra Deere joins JLL's Exeter team

Property consultancy JLL has appointed a new graduate surveyor. Alexandra Deere has joined JLL in Exeter as a graduate surveyor in the retail, hospitality and leisure team, having recently graduated from the University of the West of England.
Monday, 7. May 2018

The Polish cinema market with big growth potential

Over the last 20 years, the Polish cinema market has maintained strong growth momentum with an average 8.7% year-on-year increase in ticket sales in 2017 and cinema attendance hitting 56.6 million. Today, there are more than 1,300 screens in nearly 500 cinemas across the country. Multiplexes with two or more screens make up o...
Friday, 4. May 2018

DFV acquires Hamburger Novum Hotel Belmondo from Brack Capital

The DFV Deutsche Fondsvermögen GmbH has acquired the Novum Hotel Belmondo in Hamburg. Seller of the hotel is a development company of BCP Brack Capital Properties. The 4-star hotel at Spaldingstrasse 70 is located in a prime spot about 1 km away from the central station in Hamburg and consists about 100 rooms. Immac advised t...
Friday, 4. May 2018

High-rise district Four Frankfurt at the start line

The high-rise district Four Frankfurt enters the implementation stage. The building authority of the city of Frankfurt gave the permission for demolition at the end of March. In this content started the gutting of the buildings a few days ago, located on the inner-city area between Junghofstrasse, Grosse Gallusstrasse and Neu...
Friday, 4. May 2018

France's Fonciere des Regions enters UK market in £830m hotels takeover deal

Fonciere des Regions (FdR) made its first foray into the UK market in a deal to buy 14 hotels in the upscale segment from Starwood Capital for £830m ($1.2 billion). The transaction will also see InterContinental Hotels Groupsign long-term leases for 13 of those 14 hotels. Terms of the transaction, which is expected to be com...
Thursday, 3. May 2018

Schroders invests in hotels with Algonquin buy

By acquiring Algonquin, Schroders aims at broadening its client offering and accelerating growth of its real estate division. The acquisition will give fund manager a portfolio of 43 pan-European hotels worth €1.8 billion. The acquisition marks Schroders’ first strategic step into the hotel sector and will thus accelerates th...
Thursday, 3. May 2018

Angelo Gordon raises over $840m for second European realty fund

Angelo Gordon has closed its second European realty fund, AG Europe Realty Fund II at $843 million in equity commitments, exceeding the fund’s $750 million target. Consistent with Angelo Gordon’s approach to global real estate investing, the fund will seek to identify complex and off-market investment opportunities with a foc...
Thursday, 3. May 2018

DTZ Investors seals more than £300m of transactions in 2018

DTZ Investors has completed, or put under offer, more than £300m (c. €340.1m) of transactions over the first four months of 2018. Five acquisitions completed during the quarter with investment focused mainly on alternative assets offering strong income in affluent catchment areas; multi-let industrial estates; and strategic ...
Thursday, 3. May 2018