Terror attacks cause sharp dive in Brussels hotel profit (BE)

According to HotStats, y-o-y profit per room at Brussels hotels plummeted by 44.5% for the month, to €30.09 from €54.25 during the same period in 2015, as the city felt the impact of the ...

TUI Group sells Hotelbeds Group for €1.2bn

TUI Group has reached an agreement with UK investor Cinven Capital Management and Canada Pension Plan Investment Board to sell Hotelbeds Group for around €1.2bn. The transaction, which is ...

Hilton expands European capital city presence to Belgrade (RS)

Hilton Worldwide are set to enter the Serbian market with the signing of a management agreement with Belaga Management Company, paving the way for an upscale Hilton hotel in Serbia’s capital ...

LondonMetric sells Odeon multiplex cinema in Taunton for £9.1m (UK)

LondonMetric Property has exchanged on the sale of its freehold Odeon Multiplex Cinema in Taunton for £9.1m, to Asda Pension Fund reflecting a net initial yield of 5.5%. The property will form ...

Union Investment acquires 4-star Meliá in Aachen (DE)

Following the acquisition of the Meliá Berlin, Union Investment has secured another high-yield hotel property by Spanish hotel brand Meliá for one of its institutional funds.   The ...

Two new Pullman and Ibis Styles Hotels open at Paris-Charles De Gaulle Airport (FR)

Foncière des Régions and Crédit Agricole Assurances, together with AccorHotels, have opened two new 3 and 4-star hotels in the heart of the Roissy air transport hub.   In ...

Accorhotels acquires luxury home rental company onefinestay

AccorHotels has acquired onefinestay, a high-end hospitality pioneer specializing in luxury serviced home rental in key worldwide gateways, for €148m and has made a further commitment of ...

Anbang Insurance Group withdraws $14bn Starwood Hotels bid

China’s Anbang Insurance Group Co has announced they have abandoned their $14bn bid to acquire Starwoods Hotels & Resorts Worldwide Inc, clearing the way for Marriott International Inc to ...

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