Värde Partners, a leading global alternative investment firm, today announced the successful completion of its previously announced sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand ("Dedica") to Covivio, a European real estate operator, through its subsidiary Covivio Hotels.
The award-winning Dutch hotel and lifestyle brand citizenM has entered into an exciting collaboration with German project developer GBI. citizenM is looking for prime locations for their entry into the German hotel market. True to its philosophy 'affordable luxury for the people', citizenM is offering guests all the luxuries they would expect from a high-end hotel in a prime location, yet without sky-high prices. Since June, citizenM is also offering contactless stays powered by its new app.
Paris - onefinestay , the leading hospitality brand offering the world's finest homes and service, announces the addition of Saint-Tropez to its growing Villa Collection. From super-slick hideaways to classically French retreats, onefinestay has curated 40 exceptional villas in the sunkissed region, all of them personally vetted for their quality, location, elegance and comfort.
Yes, we are open. As travel restrictions begin to ease and many countries gear up to celebrate the Whitsun holiday, the Steigenberger Hotel Herrenhof in Vienna and the Steigenberger Hotel & Spa Krems will both be reopening for leisure travelers on 29 May. They will be followed by the IntercityHotel Vienna and the MAXX by Steigenberger Vienna, which will start receiving guests again on 2 June and 1 July respectively. Some of Deutsche Hospitality's Austrian hotels have been using the break caused by the corona crisis to carry out renovations in their guest rooms and public areas.
Investor confidence in the UK's hotel sector is set to return this year as Brexit uncertainty settles, providing opportunities for both buyers and sellers alike.
Today, Scandic is launching Scandic GO, a new hotel brand that offers a playful, slimmer concept within the growing economy hotel segment. With Scandic GO, the company aims to establish a strong presence in city locations in all of the Nordic markets. Scandic will initially launch five hotels under the new Scandic GO brand - four in Stockholm and Oslo during the fourth quarter 2020 and one in Copenhagen during the second quarter 2021.
In the first quarter of 2020, the Hamburg-based hotel group NOVUM Hospitality has opened not one but two hotels of their young lifestyle brand the niu in Germany: the niu Air in Frankfurt and the niu Crusoe in Bremen. While the niu Air - the largest hotel of the niu brand to date - boasts 344 rooms and is located in close proximity to Frankfurt's former airport near Rebstockpark, the niu Crusoe offers 153 guestrooms and is situated right next to Bremen airport.
On behalf of the Principal Hotel Real Estate Fund II ( "Hotelfund II" ) PRINCIPAL REAL ESTATE EUROPE " PRINCIPAL", confirms the closing of the acquisition of the Ona Hotel Terra in Barcelona for € 40.50 million from a local real estate developer. The 3* hotel has 152 rooms, a restaurant, a bar, 2 meeting rooms as well as a rooftop terrace with swimming pool offering exceptional views over Plaza de España and Palace of Montjuic. As part of the transaction a long-term lease was entered into with Ona Hotels, a family owned Spanish hotel group based in Barcelona which operates 40 hotels in 4 countries (Spain, Andorra, Morocco and Tunisia) with ca. 5,500 rooms.
Celebrating its 50th anniversary this year, Palladium Hotel Group will continue to consolidate its expansion strategy with important openings in 2020.
Radisson Hotel Group, with properties in key locations across Turkey, prepares to open three more hotels in 2020. Two of these hotels will be in Istanbul's touristic and historic locations, and the third in Aliağa, Izmir.
Whitbread, one of the UK's largest hotel businesses, has secured its fourth location in Dublin city centre. The prime site on Gloucester Street in Dublin 2 will be redeveloped into a 108-bedroom Premier Inn hotel, increasing Premier Inn's secured development pipeline in the city to more than 630 bedrooms, and 830 hotel rooms across Ireland.
Hilton (NYSE: HLT) is launching two hotels in Portugal under its Curio Collection by Hilton brand. The collection of remarkable upper upscale hotels and resorts will be joined by The Emerald House Lisbon, which will open in the Portuguese capital in Summer 2020, and Boeira Garden Hotel Porto Gaia in Porto, which will welcome guests in a phased opening in December 2019 with the hotel fully operational in Spring 2020.
Over 400 delegates gathered at the Hilton Athens this week for the 5th Mediterranean Resort & Hotel Real Estate Forum (MR&H). Hosted by Questex Hospitality Group, MR&H 2019 was the largest gathering of hotel and resort investors, owners and operators - making MR&H the industry's premier mixed use resort and real estate forum.
Pan-European operator, developer and investor, The Student Hotel (TSH), has secured €90 million in financing for the development of two new hotels in Madrid and Barcelona, as well as refinancing for its existing assets in Spain. The lending was provided by a syndicate of three banks.
MUNICH, Germany, MCLEAN, Va. - Hilton (NYSE: HLT), today announced the next steps in its strategic expansion across the German market. Having doubled its portfolio since 2016 to reach 31 hotels either currently opened or under development, and with hotels in major German cities, Hilton now plans to expand its portfolio rapidly into secondary markets, including at airports, sporting arenas and exhibition spaces.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Ewart Manchester Properties Limited, a majority owned subsidiary of M&L Hospitality, for Hyatt Regency Manchester Oxford Road and Hyatt House Manchester/Oxford Road, both of which will be located in Manchester, UK. The 212-room Hyatt Regency hotel and the 116-room Hyatt House hotel will both be located in the landmark building "The Lume," and are expected to open in 2020, which would bring the total number of Hyatt-branded hotels in the U.K. to 11 by 2022.
2 innovative concepts, 1 project: a JO&JOE Open House will arrive on the 2 upper floors of the future IKEA furnishing store at Westbahnhof in Vienna (Austria) by 2021. After Paris-Nation, Rome or Rio de Janeiro, it is now the Austrian capital's turn to offer the brand's lifestyle offer! Discover more about this new release.
Wyndham Hotels & Resorts - the world's largest hotel franchising company with approximately 9,200 hotels in more than 80 countries - and Comwell Hotels - an award-winning hotel chain in Denmark - today announced the signing of an exclusive agreement to open multiple hotels under the Dolce Hotels and Resorts by Wyndham brand in Denmark. The collaboration, which marks Wyndham's first entry in the country, will initially include two openings in Copenhagen and Aarhus.
Hard Rock International officially announced the company's participation in the Greek Government's RFP process to issue a license for an integrated resort and casino at the former Hellinikon Airport site in the historic city of Athens, Greece.
Everything is pointing to further growth. Deutsche Hospitality is planning to expand the portfolio of its up-and-coming MAXX by Steigenberger brand by up to twelve hotels before the end of 2022. This will be achieved by entering into a cooperation agreement with the family-owned Brendal Hotel Group. MAXX by Steigenberger is a fresh and charismatic concept which places the focus on the essential. It combines the renowned Steigenberger level of quality with a sense of urban comfort.