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2015 marks record year for European hotels sector
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The European Hotel market has eclipsed the €20bn threshold of investment predicted in 2015 by €2.8bn (totalling €22.8bn), an increase of 79% year-on-year. The fourth quarter saw 31% ...

Russia and CIS markets to see 7,400 new branded hotel rooms in 2016
hotel lobby

According to JLL, 2015 saw the quality hotel supply of Russia, CIS and Georgia increase by 6,000 rooms, slightly more than a half (3,300) of which was in Russia. More than 8,900 rooms were scheduled ...

AccorHotels enters into negotiations for the sale of €504m portfolio
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Accorhotels has announced that it has entered into exclusive negotiations with a new hotel investment company for the sale of 85 owned and leased hotels that it currently operates. The majority of ...

Jumbo buys La Place (NL)
|© LA PLACE

Jumbo Groep Holding has reached agreement with the trustees of La Place on the acquisition of La Place restaurants for an undisclosed sum.   Jumbo will take over all assets, service and the ...

Internos acquires €45m hotel in central Madrid (ES)
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Internos Global Investors (Internos) has completed the €45m acquisition of the Suecia Hotel from Explotadora de Hoteles EDTL S.L as part of its Hotel Real Value Plus ‘Value Add’ ...

ECE sells Düsseldorf 25hours Hotel project to Patrizia (DE)
25hours hotel duesseldorf

ECE has sold the 25hours Hotel currently under development in the Düsseldorf Le Quartier Central quarter to Patrizia Immobilien AG. The hotel is being developed by ECE and will be operated by ...

pbb provides €32m loan for Hamburg hotel project (DE)
tower

pbb Deutsche Pfandbriefbank has provided the financing for the construction of a new hotel building in Hamburg's City Nord. The approximate €32m loan was provided to a property company managed ...

PATRIZIA sells Melia Hotel building in Manchester (UK)
first street

PATRIZIA Immobilien AG has sold its Melia Hotel building in Manchester for approximately £30m (€39.5m) to a privately owned UK group. The sale of the 208-room 4-star hotel has been agreed ...

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