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European hotel investment outperforms other commercial property asset classes in Q1 2015 (EU)

European hotel investment volumes have reached €3.74 bln in the first quarter of 2015, more than double Q1 2014 volumes of €1.73 bln, according to the latest data from global real estate advisor ...

Deka Immobilien invests in US with €240 mln acquisition of Marriot Hotel in New York City(US)

Deka Immobilien GmbH has acquired the Marriott East Side Hotel in New York City under a joint venture with Ashkenazy Acquisitions Corporation (AAC) for around USD270 mln (€241 mln). The seller of th ...

Union Hanover Securities gets consent for landmark urban Villa Hotel (SCO)

Union Hanover Securities has been given Minded to Grant planning permission for a £35 mln (approx. €47 mln) Urban Villa boutique hotel by the Union Canal Basin in Edinburgh. The 180-room ...

DoubleTree by Hilton expands its portfolio in the Netherlands (NL)

DoubleTree by Hilton announces the opening of its latest hotel in Amsterdam – DoubleTree by Hilton Amsterdam – NDSM Wharf located on the banks of IJ. The new contemporary hotel offers 8 ...

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 ...

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