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Marriott to sell three EDITION hotels for $800 million

Marriott International, Inc. has recently entered into a non-binding letter of intent for the sale of three EDITION hotels subject to long-term management agreements. The three hotels (located in Lond ...

Generator acquires new properties in Paris and Rome and secures €150 mln additional investment (FR/IT)

Generator, the award-winning group of urban design hostels, has acquired two further sites in Paris and Rome as part of its on-going European rollout. The Paris site will be the brand’s largest to d ...

Balfour Beatty awarded £30 million citizenM London hotel scheme (UK)

Balfour Beatty, the international infrastructure group, today announces the award of the £30 million (approx. €34.9 million) London hotel scheme for the citizenM hotel group. The nine storey hot ...

Carlton Group closes Westin Valencia Hotel sale in Spain (US/ES)

Carlton Group has successfully sold 100% of Hotel Alameda Valencia, SLU (Westin Valencia, Spain) on behalf of one of Spain’s biggest financial institutions, Bankia Group. This was a very challenging ...

DoubleTree by Hilton makes Polish debut with latest opening in Lodz (PL)

Hilton Worldwide is opening Poland’s first DoubleTree by Hilton, part of Hilton Worldwide’s upscale brand which features more than 350 hotels globally. Opening at the site of the Lodz Film Stud ...

Hermes Real Estate announces off market acquisition in Whitechapel (UK)

Hermes Real Estate Investment Management Limited (HREIML) announced the completion of the acquisition of Cityside House and Challenger House in Whitechapel. Cityside House is a 54,000 ft² (approx. ...

Gecina sells its four Club Med holiday villages as part of its realignment strategy (FR)

Gecina has sold four holiday villages operated under the Club Méditerranée brand (Val d’Isère, La Plagne, Peisey Vallandry and Opio sites) to Assurances du Crédit Mutuel. The sales price came ...

Warimpex sells Palace Hotel in Prague (CZ)

Warimpex Finanz- und Beteiligungs AG announces the successful sale of the five-star Palace Hotel in Prague to a Czech investor. The transaction closed yesterday, and the parties agreed that the purch ...

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