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The Nordic countries—primarily Sweden, Norway, and Finland—offer cold winters and reliable snowfall. The Nordic region boasts over 500 ski resorts, representing approximately 8% of all global ski resorts. These resorts have thrived, providing excellent conditions and a lack of crowds due to the region's modest population of 2...
Quartiers Properties AB is taking another step forward in the development of its hotel property on the prestigious Golden Mile in Marbella. The next step in the development is now underway, with the appointment of a leading architectural team.
Irish hotel transactions declined in 2023 largely due to fewer Dublin sales and no Dublin investment activity, according to property advisor, Savills Ireland. The total hotel transaction volume for 2023 was €350m – 30% below the historical average.
£2 billion of UK hotel transactions were recorded in 2023, according to Knight Frank. Q4 was the strongest quarter of the year for investment into the sector with £615 million of deals, representing 31% of the total annual investment activity.
Nordis Group inaugurates Hotel Nordis Mamaia 5 *****, the most important hotel investment in Romania in the last 30 years and the largest leisure hotel in Central and Eastern Europe.
BayernLB has provided new financing in the form of a green loan of ca Euro 125 mio. for the high-rise building ensemble „2Amsterdam“ in Amsterdam Zuid for the real estate fund Hausinvest of German Commerz Real.
Pandox AB has signed a new lease with Scandic Hotels Group for Hotel Pomander in Nuremberg. The lease is revenue-based with a guaranteed minimum level and long term. The agreement comes into force on 1 March 2024.
Radisson Blu will open a hotel in 2026 in the Triangle project, a new flagship Parisian destination. The hotel chain has sigened an agreement with Unibail-Rodamco-Westfield and Axa IM Alts.
The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by Knight Frank in partnership with HotStats. Despite a particularly challenging macro-economic environment, the sector has delivered strong revenue growth, with profits now exceeding p...
The Radisson Blu Palace Hotel & Spa in the Belgian town of Spa has been acquired by family office Van der Valk, adding to its growing European hotel portfolio. Cushman & Wakefield’s hospitality team advised the vendor on the transaction.
CPI Property Group reports the signing of a binding agreement for the sale of approximately 84% of the shares of Remontées Mécaniques Crans Montana Aminona (CMA) SA, the company owning and operating the Crans Montana ski lifts, as well as several assets and properties relating to the on-mountain activities, including restaura...
Seneca Property has acquired the freehold of the 140-bedroom Premier Inn Hotel in Preston from Aegon for an undisclosed sum. The asset was put up for sale more than 12 months ago with an £8.7m price tag.
Amro Partners, in partnership with Flemyn, has secured planning approval for the transformation of the redundant Croydon Park Hotel site into a new c.£220m GDV Build to Rent scheme which will be one of the most sustainable new residential buildings in London on completion in 2027.
CBRE has bolstered its Hotels team with the appointment of Rob Seabrook. A leading advisor in the hotels market, Rob will join as an Executive Director and will be responsible for major hotel asset sales in the UK, with a particular focus on London.
Grupotel Hotels & Resorts has purchased the four-star, 347-room Hotel Club Cala Marsal hotel in Mallorca from the Mallorcan family Catalá Amengual. The purchase price for the hotel in Portocolom hasn’t been revealed.
ECS buys the 112-room hotel B&B Montijo from the Sunny/Casais partnership for an undisclosed sum. The purchase was made through the Portugal Strategic Growth Fund, managed by ECS.
The Park Hotel in Kenmare, Co Kerry has been purchased by Irish businessman Bryan Meehan, co-founder of the Nude skincare brand, for an undisclosed sum.