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IHG signs Holiday Inn Express Moscow-Sheremetyevo Airport (RU)

InterContinental Hotels Group (IHG®),  has announced the signing of Holiday Inn Express® Moscow-Sheremetyevo Airport. The hotel will operate under a management agreement with Palmira LLC. Holida ...

Balder acquires the hotel property Scandic Opalen in Gothenburg (SE)

Balder acquires the hotel property Scandic Opalen in central Gothenburg. The hotel area is 18 500 m² and consist of, inter alia, 353 hotel rooms. Affixed property value amounts to approximately 550 ...

Invesco Real Estate purchases German Hotel Portfolio for c. €80 million (DE)

Invesco Real Estate (IRE),  announced that it has acquired a portfolio of four mid-market InterCityHotels across Germany on behalf of a new UK institutional mandate. This is the first acquisition IRE ...

Carlson Rezidor to open its first hotel on the island of Crete (GR)

Carlson Rezidor Hotel Group is planning its very first hotel on the Greek island of Crete: The Radisson Blu Beach Resort, Crete Milatos featuring 318 guest rooms is scheduled to open in Q2 2014. Carls ...

Scandic acquires 72 Rica Hotels in Norway and Sweden (NO/SE)

Scandic has entered into an agreement to acquire Rica Hotels. With the addition of 72 Rica hotels to its existing portfolio, Scandic further strengthens its position as the leading hotel chain in the ...

Jermyn Street nominated preferred investor for the sale of Astir Palace Vouliagmeni S.A (GR)

The Board of Directors nominated Jermyn Street Real Estate Fund IV LP, as preferred investor for the sale of Astir Palace Vouliagmeni SA. For the financial closing of the transaction, the approval ...

SEB Asset Management acquires Hotel Alpha One in Yokohama (DE/JP)

SEB Asset Management has announced a second transaction in Japan, only two weeks after purchasing the Primegate office and commercial building in Tokyo. The company has acquired the 14-storey Hotel Al ...

Fair Value REIT-AG sells properties with a total value of around €18 million (DE)

As part of its portfolio refocusing efforts, Fair Value REIT-AG has sold two further properties which were no longer part of its core portfolio. The sale proceeds generated totaled €18.1 million. A ...

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