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Steigenberger to check in at Schiphol (DE/NL)

The Frankfurt-based Steigenberger Hotel Group will be adding Amsterdam to its list of locations. At the beginning of September 2012 the company takes over a Four Star Superior Hotel boasting 440 rooms ...

Ascott to acquire prime property In London for £159 million (SG/UK)

CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has signed an agreement to acquire a prime hotel operating in London for £158.8 million (approx. €200 million ...

Cornerstone provides £83 million loan to Derwent London, secured on £172 million of assets (UK)

Cornerstone Real Estate Advisers, one of the world's 10 largest real estate investment advisers, has completed an £83 million (approx. €105 million) refinancing for Derwent London plc secured agains ...

IPD: European hotels deliver stable returns in the latest IPD results (EU)

The European hotel sector continued to move from an 'alternative' asset class to a mainstream sector, with the IPD sample now reaching a total capital value of €10.2 bln as of December 2011. Graham C ...

Hotel market in Poland lives up to Euro 2012 expectations (PL)

In line with expectations, Euro 2012 has stimulated the hotel market in Poland albeit the positive signs were already evident in the second half of 2011 when Poland assumed the EU Presidency, accordin ...

Internos announces first closing of Internos Hotel Real Estate Fund (DE/NL)

Internos has announced the first closing of the Internos Hotel Real Estate Fund with initial equity of €75 million from four German institutional investors.Internos has also exchanged contracts for t ...

Development Securities announces achievement of milestones at its £110 million mixed-use scheme (UK)

Development Securities PLC, in partnership with Cathedral Group plc, announces that it has completed the acquisition of the 2.2-acre site in Greenwich town center for £16 million (approx. €20 millio ...

Savills instructed to sell Cork International Airport Hotel (IE)

International real estate advisor Savills has been instructed by receiver Grant Thornton to sell the 145-room Cork International Airport Hotel. The four-star hotel, located at Cork International Airpo ...

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