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Sale of two MGallery hotels under a €44 mln sale & variable lease-back agreement (DE/NL)

As part of its asset management strategy, Accor announces a sale and lease back agreement concerning the MGallery Mondial Am Dom in Cologne (207 rooms) for €20.5 million and the MGallery Convent Hote ...

SEB Asset Management lets entire London property after successful repositioning (UK)

SEB Asset Management has let the entire 1, Threadneedle Street property in London's financial district to Nationwide Building Society. The lease runs for 20 years. The property, part of the portfolio ...

Iconic Delano brand expands to Russia in 2015 (US/RU)

Morgans Hotel Group announces plans to extend its signature luxury brand into Russia with the opening of Delano Moscow, the third international Delano-branded property, following the opening of Delano ...

KSL Capital Partners acquired The Belfry resort (UK)

KSL Capital Partners and its wholly owned subsidiary successfully acquired the world famous The Belfry resort located in the West Midlands near Birmingham, United Kingdom.George Nicholas, Executive Vi ...

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 ...

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