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» Chronological View: " Hotel & Leisure " «

Pandox to buy Jurys Inn hotels in Lone Star deal

Pandox AB has entered into an agreement with Lone Star for the acquisition of a portfolio with 37 hotel businesses. The transaction is made with Fattal Hotels Group (Leonardo Hotels) as operating partner, whereby Pandox, following a reorganisation of the portfolio, will retain 20 investment properties and one operating proper...
Thursday, 14. December 2017
Le Méridien Frankfurt: First Sponsor enters German market for € 85 million

Le Méridien Frankfurt: First Sponsor enters German market for € 85 million

At the end of the third quarter, Stefan Giesemann, Senior Vice President of the JLL Hotels & Hospitality Group, has stated in the analysis of the German hotel investment market that the increase of the prices is due to the fact that Asian first-time buyers sound out territory to occupy marketplaces. Again, his statement can b...
Thursday, 14. December 2017
GEG acquires “Triforum” in Cologne from Internos

GEG acquires “Triforum” in Cologne from Internos

The office and hotel complex Triforum in Cologne with a gross lettable area of around 25,000 sqm has changed hands again: Not even three years after Internos Global Investors has acquired the property for its „Real Value Plus“ fund, managed by Institutional Investment Partners (2IP), GEG German Estate Group AG has taken over ...
Thursday, 14. December 2017

Aareal Bank and Bank of Montreal to cooperate on large-scale Canadian hotel portfolio

Bank of Montreal is co-financing a Canadian hotel portfolio facility arranged and underwritten by Aareal Bank AG. On 7 July 2017 Aareal Bank had announced to provide a CAD 716 million facility with the intention to syndicate part of the loan to one or more strategic partners. The portfolio comprised 22 hotels in prime locatio...
Thursday, 14. December 2017

Pandox signs lease agreements for two hotels in Brussels with NH Hotel

Pandox has signed twenty-year revenue-based lease agreements with guaranteed minimum rent for Hotel Bloom! and Hotel Berlaymont in Brussels with NH Hotel Group. The lease agreements will take effect on 1 February 2018 and the hotel properties will then be reclassified from Operator Activities to Property Management.
Thursday, 14. December 2017

Marriott expands in Russia with opening of Voronezh Marriott Hotel

Marriott Hotels has debuted in Voronezh with the opening of Voronezh Marriott Hotel. Situated in the south of Russia on the Voronezh River, the city is recognised as an important centre of culture, science and industry in the region. This latest opening strengthens Marriott’s portfolio across the country and promises to enhan...
Thursday, 14. December 2017

Rezidor completes six new signings in five countries

The Rezidor Hotel Group has recently signed six new hotels. Adding six hotels and more than a thousand rooms to its portfolio, Rezidor has recently announced the signing of Park Inn by Radisson Katowice in Poland, Radisson Blu Hotel & Apartments Douala in Cameroon, Radisson Blu Hotel and Resort, Gudauri in Georgia, Park Inn b...
Monday, 11. December 2017
Park Inn by Radisson opens in Atasehir in Istanbul

Park Inn by Radisson opens in Atasehir in Istanbul

Park Inn by Radisson is opening Park Inn by Radisson Istanbul Atasehir. The new 127 room hotel is the sixth Park Inn by Radisson hotel to open in Turkey. The Carlson Rezidor Hotel Group now has a portfolio of 24 hotels and over 4,600 rooms in operation or under development in Turkey.
Friday, 8. December 2017

Christie & Co identifies European travel trends and hotel investment hot spots

Europe is still the most appealing destination and most visited region in the world in 2017, despite some disruptions faced in recent years, according to a report published on 22 November by Christie & Co. The report, launched by Christie & Co’s Hotel Consultancy team and entitled ‘European Travel Trends and Hotel Investment ...
Friday, 8. December 2017

Legal & General commits £35 million to Wrenbridge Sport development in York

Legal & General funds Wrenbridge Sport and the City of York Council’s development of the Vangarde leisure scheme at Vangarde Way, Monks Cross, York. Totaling £35 million (c. €39.7 million), Legal & General’s investment, on behalf of its Leisure Fund, will build a new state-of-the-art leisure and retail scheme at the Vangarde ...
Thursday, 7. December 2017

Polcom Group finances the construction of a Courtyard by Marriott hotel in Edinburgh

The Courtyard by Marriott hotel in Edinburgh, which is co-owned by Polcom Group, was officially opened on 22 November 2017. The value of the project is £14 million (c. €16 million). Ultimately it will be financed by three entities: Polcom Group, Fundusz Ekspansji Zagranicznej and BGK, which provides 60 percent of the financin...
Thursday, 7. December 2017

Dominvs Group launches The Dixon

Dominvs Group unveiled on 28 November The Dixon, a boutique style hotel part of Marriott International’s Autograph Collection Hotels portfolio. Opening Autumn 2018 in Tower Bridge, The Dixon is the latest hotel to join Dominvs Hospitality, which encapsulates the company’s ambitious plans to drive the boutique hotel sector for...
Thursday, 7. December 2017
Plans for transformation of Oxford Street published for consultation

Plans for transformation of Oxford Street published for consultation

Plans for the start of the transformation of the Oxford Street area, centred on new world-class public spaces, were unveiled on 6 November by the Mayor of London, Sadiq Khan and Deputy Leader of Westminster City Council, Cllr Robert Davis MBE DL. If approved, the plans, which are being publicly consulted on until 17 December ...
Wednesday, 6. December 2017
Rosewood Munich to open in early 2023

Rosewood Munich to open in early 2023

Rosewood Hotels & Resorts has been appointed by German real estate company Bayerische Hausbau to manage Rosewood Munich, which will open in early 2023 as the brand's first property in Germany and seventh property in Europe. Housed in two landmark, historical buildings comprised of the former headquarters of the State Bank of ...
Tuesday, 5. December 2017

Bianc Restaurant signs up at Pembroke's S-Kai building in Hamburg

Pembroke Real Estate signs up in Bianc at its S-Kai building in HafenCity in Hamburg. Bianc’s official opening on 16 November further strengthens Hamburg’s culinary scene. The restaurant’s Mediterranean-style offering occupies 320 sq m of ground floor space on a 10 year lease, and will accommodate 35 guests. S-Kai, located mo...
Tuesday, 5. December 2017
Barnsley Metropolitan Borough Council unveils plans for town centre public realm

Barnsley Metropolitan Borough Council unveils plans for town centre public realm

Barnsley Metropolitan Borough Council, and its development management partners Queensberry and Turner & Townsend, has released plans for a landmark £8 million (c. €9 million) investment to enhance the town centre’s public realm. The proposals form a central part of the wider regeneration of the town centre to create the new £...
Monday, 4. December 2017
Dominvs Group granted planning consent for Old Marylebone Road Hotel

Dominvs Group granted planning consent for Old Marylebone Road Hotel

Dominvs Group has been granted planning consent from the City of Westminster for a 29,525 sq ft (2,743 sq m) hotel at 233-237 Old Marylebone Road, London. The existing six-storey 1990s office building will be demolished to make way for a modern and upscale development. Dominvs will develop and operate the hotel under a yet to...
Monday, 4. December 2017
BBS Capital arranges finance for Ibiza hotel development with Signal Capital Partners

BBS Capital arranges finance for Ibiza hotel development with Signal Capital Partners

BBS Capital has arranged, on behalf of a private hotel group, a €50m facility with Signal Capital Partners, for the acquisition and development of Orquidea Aparthotel, a circa 12,000 sq m hotel in the exclusive town of Santa Eulalia on the island of Ibiza. The loan was utilised to purchase this 198 room hotel from a private v...
Friday, 1. December 2017