JLL sells London’s Ace Hotel in Shoreditch for an asking price of €207 mln (UK)

JLL’s Hotels & Hospitality Group confirmed the sale of the Ace Hotel London Shoreditch on behalf of Starwood Capital Group, for an asking price of £150 mln (approx. €207 mln) or £580,000 pe ...

Kungsleden leases 4,200 m² to Svensk Cater (SE)

Kungsleden AB has signed a 15 year lease agreement with Svensk Cater for 4,200 m² in the property Vargen 3 in Uddevalla, Sweden. The property has a strategic location next to highway 44 an ...

Savills reports hotel transaction volumes rise of up to 94% in Europe’s smaller cities (EU)

Savills has reported a major increase in hotel transaction volumes in Europe’s smaller cities, with totals rising by as much as 94% in Dublin to €234 mln and 39% in Berlin to €411 mln in 2014. T ...

IHG signs multiple development agreement for 10 hotels in Germany (DE)

InterContinental Hotels Group, one of the world’s leading hotel companies, has announced the signing of its latest multiple development agreement to develop 10 hotels in Germany by 2019 with first t ...

INTERNOS acquires the Triforum hotel and office complex in Cologne (DE)

INTERNOS Global Investors, the pan-European owner-managed real estate fund manager with €3.6 bln AUM, has completed the €53 mln acquisition of the Triforum complex in Cologne as part of its Hotel ...

Union Hanover submits €136.5 mln plans for an Adagio and Boutique Hotel scheme in Stratford (UK)

Union Hanover Securities has submitted its planning application for a £100 mln (approx. €136.5 mln) plus dual hotel scheme at Stratford City, East Village E20. The New York-based Grzywin ...

Accor signs sale and management-back agreement of the Zurich MGallery for €55 mln (CH)

Accor announces the signing of a sale and management-back agreement for the Zurich MGallery with a private investor, already an Accor franchisee, for a total of €55 million. This amount inclu ...

European hotel investment reaches €16.8 bln in 2014 (EU)

Hotel investment volumes across Europe and the Middle East reached €16.8 bln for 2014, according to the latest data from CBRE Hotels. 2014 saw a 30% uplift on 2013 and reflects the strength in hotel ...