Saudi investment fund to acquire stake in Rocco Forte Hotels
Saudi Arabia’s sovereign wealth fund the Public Investment Fund has agreed to acquire a significant minority stake in Rocco Forte Hotels.
Established in 1996 by Sir...
ActivumSG sells Malaga hotel for €51m
Pan-European real estate investment manager ActivumSG has sold the 118-room Palacio Solecio hotel in Malaga for €51 million to an undisclosed buyer.
Originally an 18th...
Travelodge to convert St Paul’s office building into 95-room hotel
Travelodge has announced the acquisition of Genesis House, an office building located on Godliman Street in St Paul’s, London.
The 24,000 sq. ft. property,...
European hotel investment hits €21.9bn in 2024, highest since 2019
The European hotel market witnessed a remarkable resurgence in 2024, with total investment volumes reaching €21.9 billion, the highest annual figure since 2019 and...
Bain Capital expands hospitality footprint with Les Hôtels de Paris deal
Bain Capital has announced an investment in Les Hôtels de Paris, part of the Machefert Group, marking a significant step in its European hospitality...
PPHE secures £136m financing for London Waterloo hotel deal
PPHE Hotel Group has agreed a £136.45 million financing facility with Bank Hapoalim to fund the acquisition of the freehold interest in its flagship...
Starboard and LaSalle acquire 913-room UK hotel portfolio
Starboard Hotels, in a joint venture with LaSalle Investment Management, has acquired a portfolio of seven hotels across key UK markets from Ares Real...
Hyatt to open 14 new hotels during the next 24 months in India
Hyatt Hotels Corporation announced that 2019 will mark record growth for Hyatt in India. Expansion plans foresee the addition of over 2,100 guestrooms through...
Hyatt opens its first hotel in Dublin
Hyatt Hotels Corporation announced the opening of the 234-room Hyatt Centric The Liberties Dublin, the first Hyatt branded hotel in Ireland, managed by Hodson Bay Group.
Located in...
CapitaLand’s Ascott opens serviced residence in Osaka
CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott),has opened its first Citadines serviced residence in Osaka, Japan.
Ascott is operating the property...
Service Properties Trust terminates agreements with Marriott for 122 hotels
SVC Terminated Marriott Agreements for Failure to Meet 80% Termination Threshold for Cumulative Owner’s Priority Returns to SVC through August
SVC Plans to Transfer the...
Union Investment enters Irish hotel market
Hamburg-based real estate investment manager Union Investment has entered the Irish hotel market by acquiring the planned Premier Inn hotel in Dublin’s Docklands. The...
