Kennedy Wilson completes $178M of UK asset sales
Global real estate investment company Kennedy Wilson has completed the sale of two wholly owned U.K. properties, including the Fairmont St Andrews resort in Scotland and...
Caesars, VICI to sell Bally’s Atlantic City for $25m
Caesars Entertainment and VICI Properties have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings Inc....
Marriott CEO Arne Sorenson dies at age 62
Arne Sorenson, the president and chief executive officer of Marriott International Inc., has passed away on February 15, 2021 at the age of 62. In May...
Aareal Bank provides green financing for London hotel
Aareal Bank Thursday said it has closed a green financing agreement with an affiliate of Cerberus Capital Management, L.P. and Highgate. The companies received a...
Brookfield to buy Watermark Lodging Trust for $3.8bn
Brookfield Asset Management is acquiring Watermark Lodging Trust, a self-managed non-traded real estate investment trust(REIT) with a portfolio of lodging assets, for $3.8 billion. Watermark Lodging...
Davidson Kempner-led consortium buys Portuguese investment manager ECS
A consortium comprising Davidson Kempner Capital Management, Highgate and Kronos has completed the acquisition of Portuguese investment manager ECS Capital. Financial terms of the...
Covivio, AccorInvest in talks to consolidate property and business assets
Covivio has entered into exclusive negotiations with AccorInvest to consolidate their jointly held hotel properties and business assets. Through its subsidiary Covivio Hotels, Covivio owns...
CPIPG closes sale of Swiss ski resort business to Vail Resorts
CPI Property Group (CPIPG) has completed the sale of our ski resort business in Crans Montana, Switzerland. CPIPG sold approximately 84% of the shares of...
Queensgate Investments buys Grange Hotels for £1bn
Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP...
Principal Real Estate Europe sells hotel portfolio for €545M
Principal Real Estate Europe has sold a portfolio of 11 city centre hotels in major European cities to AXA Investment Managers – Real Assets...
