Hotel & Leisure

At the end of March, Belgrade's Hotel Jugoslavija was sold to MV Investment for 3.2 billion dinars (approximately €27 million). The Millennium Team subsidiary won the public auction for the purchase of the bankrupt Danube Riverside legal entity.

French investment manager Extendam has acquired the four-star Hilton Garden Inn Sevilla Hotel from Aliseda Inmobiliaria, a subsidiary of Blackstone for around €15 million. The Continuum Hospitality Group, which already operates six other Spanish hotels for Extendam, is also on board.

According to market information, Gruppo CHC has completed the purchase of three hotels. The Holiday Inn Naples (326 rooms), the Villa Ducale Parma (113 rooms) and the My One in Bologna (98 rooms) were previously part of the Bayview Italia portfolio. The new owner plans to extensively modernise the three 4-star hotels. The dea...

Limehome grew its portfolio by almost 14 percent in the first quarter of 2024. By the end of March, the company signed a total of 800 new apartments, bringing the total European portfolio to 6,800 apartments. The majority of new leases are located in Austria, Portugal, Spain, and Italy, emphasizing the company's status as one...

European commercial real estate markets remained sluggish in the first quarter of 2024 as hopes for aggressive interest rate cuts faded and investors stayed on the sidelines. Even so, a steady flow of smaller deals and even some large-scale transactions pointed to healthy residual appetite, according to the latest Capital Mar...

Marriott International plans to add nearly 100 hotels and more than 12,000 rooms to its European portfolio through conversions and adaptive reuse projects by the end of 2026. The planned conversions represent more than 40 per cent of the company's European development pipeline and are expected to consolidate Marriott's positi...

PGIM Real Estate and Sierra Sonae have formed a joint venture focused on hospitality investments that has acquired its first asset in the centre of Porto. The hotel is expected to open in H2 2024 and will be positioned in the upper upscale hotel segment. The operator of the hotel will be Lisbon-based Iberian Hospitality Solut...

The sale of the Pullman Paris Tour Eiffel has been completed. The transaction joins a series of major hotel deals that demonstrate the attractiveness of the Paris hotel market. Recently, Sono Hospitality secured the Dame des Arts, City Developments Limited the Hilton Opera and Gruppo Statuto the Mandarin Oriental.

The European hotel investment market is set to flourish this year, with 70% of investors planning to increase capital allocation to the sector, according to CBRE’s 2024 European Hotel Investor Intentions Survey. A further 25% of respondents intend to maintain their asset allocation levels.

Travelodge has acquired six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group.

A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements. The joint partnership purchased the hot...

Hilton has acquired a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. Following the acquisition, NoMad will become Hilton's first luxury lifestyle brand and the group is in advanced discussions to open 10 new NoMad ...

According to several media reports, the five-star, 210-room Bauer Hotel in Venice has been acquired by global investment firm King Street Capital Management, one of Signa‘s sponsors. The hotel will be operated by Rosewood Hotels & Resorts. The hotel chain and Signa have signed a management contract for the new landmark in 202...

Red Construction Group is celebrating a major milestone in the creation of the £22m voco Zeal Exeter Science Park, one of the UK's first full life cycle net zero carbon hotels. Being delivered by Red Construction's South West team, it is being constructed with half the embodied carbon of a standard hotel, while generating 100...

IHG Hotels & Resorts (IHG) and Novum Hospitality recently entered into a major partnership that will see IHG double its presence in Germany, expanding its offering to more than 200 hotels in nearly 100 cities.

This year's winner of the „Hotel Design Award“ is The Rome Edition in Rome, Italy. The prize was awarded yesterday at the 196+ forum Milan.

Numa Group is driving its expansion strategy in The Netherlands with a new central property in The Hague. The newest 51-unit property in the country is in partnership with the Dutch investment developer Re:Born.

Mapletree Investments acquired 8,192 operational beds in the UK and Germany and an operating platform from Cuscaden Peak Investments for £1bn.