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Union Investment establishes new institutional fund for hotel real estate (EU)

Union Investment launched a new real estate fund for institutional investors, UII Hotel Nr. 1. The fund is aimed at institutional investors with a long-term investment horizon, such as banks, occupati ...

CBRE acquires Travelodge, Farrington Hotel, WC1 London (UK)

CBRE Global Investors has acquired, on behalf of an institutional client, 10-41 Kings Cross Road, London, a hotel let to Travelodge, for in excess of £20,000,000 (approx. €23.6 million) representin ...

The MGallery Carlton Lyon raises the curtain (FR)

The legendary Carlton Lyon is reopening its doors as an MGallery Collection hotel after a 10-month revamp. This imposing Haussmann building in a class of its own treats its guests to an artistic and e ...

SEB Asset Management sells three properties in Berlin for €300 mln (DE)

SEB Asset Management has sold three properties in Berlin for a total of about €300 million for its open-ended real estate fund, SEB ImmoInvest. The transfer of ownership took place on payment of the ...

Interserve and Tiger form joint venture for Edinburgh's Haymarket development (UK)

Interserve, the international support services and construction group, has today, through a joint venture company, exchanged contracts to develop the Haymarket area of Edinburgh into a mixed-use site ...

Invesco Real Estate closes second hotel fund with €200 mln of equity (EU)

Invesco Real Estate (IRE), the global real estate investment manager, announces the final closing of its second hotel fund with ca. €200 million of equity. Simon Redman, Managing Director – Clien ...

IHG announces sale of InterContinental London Park Lane for £301.5 mln (UK)

InterContinental Hotels Group PLC today announces it has agreed to sell InterContinental London Park Lane to Constellation Hotel (Opco) UK S.A., which is an affiliate of Constellation Hotels Holding L ...

Multi, Bouwinvest and Accor Hotels sign agreement for four-star Novotel in Forum Rotterdam (NL)

Multi has signed an agreement with Bouwinvest, on behalf of Bouwinvest Dutch Institutional Hotel Fund NV, for the sale of Accor Hotels’ four-star Novotel. Accor Hotels and Bouwinvest also signed the ...

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