LXi seals contract for £210m sale of 66 Travelodge hotels
LXi REIT has exchanged contracts unconditionally on the sale of 66 Travelodge branded hotels to the Travelodge group for £210 million.
As announced on 22 November...
UK hotel transactions reach £2bn in 2023
In 2023, UK hotel transactions reached £2 billion, according to global property adviser Knight Frank.
Notably, the sector saw its pinnacle in Q4, securing...
Canadian company unveils €450m hotel development plans across Portugal
Mercan Group, headquartered in Montreal, Canada, has revealed plans for a number of hotel developments to begin construction this year, signalling its significant investment...
Archer Hotel Capital buys two hotels in London for £215m
Archer Hotel Capital has acquired the 210-key Hoxton Shoreditch and the 220-key Hoxton Holborn hotels in London from Norlake Hospitality for £215 million.
The...
Radisson to open hotel in Paris’ Triangle project
URW and AXA IM Alts have signed an agreement with Radisson Hotel Group for the opening of a hotel in the Triangle project in...
UK hotel market achieves robust growth despite challenging climate
The latest findings from Knight Frank's UK Hotel Trading Performance Review 2023, in partnership with HotStats, reveal a resilient UK hotel sector that has...
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...
Vail to acquire Crans-Montana ski resort in Switzerland
Vail Resorts, the New York Stock Exchange-listed mountain resort company, has agreed to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group.
Vail Resorts is...
LXi REIT to sell £210m Travelodge hotel portfolio
LXI REIT, a real estate investment trust incorporated in England and Wales, has responded to recent press speculation regarding the potential sale of 66 Travelodge hotels.
The company...
Veld Capital provides €63m loan for refinancing of Dutch hospitality assets
Veld Capital, a private credit and real estate specialist investor, has provided a €63m senior secured loan for the refinancing of hospitality assets to...
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...
Singapore’s GIC invests in Blackstone’s hotel investment platform
GIC, a global institutional investor, is investing in Hotel Investment Partners (HIP), a resort hotel group in Southern Europe.
HIP was founded in 2015 and...
