Transaction volumes in the UK hotel real estate market reached c. £732 million in Q3 2024 as investment momentum continued albeit at a slower pace relative to the first and second quarters of the year, according to Cushman & Wakefield.
Mohari Hospitality (“Mohari”) and Omnam Investment Group (“Omnam”), along with Paris-based entrepreneur, musician and philanthropist Pharrell Williams, today announced the acquisition of an iconic historical property situated in the prestigious 1st arrondissement of Paris, on the right bank of The Seine.
ASHG (Alchemy Step Hotel Group) is pleased to announce the acquisition of FLI Group, a portfolio of eight hotels in Belgium. ASHG is an investment partnership between Alchemy Special Opportunities LLP and Step Partners GmbH, dedicated to investing in the European hotel sector.
Hilton (NYSE: HLT) has today announced the signing of two hotels under Hilton’s new premium economy conversion brand, Spark by Hilton, as part of a wider agreement with Verkehrsbuero Hospitality. Spark by Hilton Vienna Donaustadt and Spark by Hilton Vienna Messe Prater will both open later this year.
Hotel & Tourism Investment Forum – HTIF 2024, the most influential hospitality conference in Bulgaria and one of the most visited in Europe will cover a broad range of topics, including sustainable hospitality investments and operations, strategic management, digitalization, revenue management, and human resources.
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that following the successful conclusion of a recent public inquiry it has been granted planning permission for a mixed-use hotel-led development in London’s vibrant South Bank area.
Radisson Hotel Group is proud to announce the addition of seven hotels, including six signings and one opening, in the Turkish market in the first half of the year. These development milestones bring the Group closer to reaching 100 hotels by 2030.
Marks debut of The Unlimited Collection brand and expansion of lyf brand with six new property signings in Europe
The NUMA Group, Europe's leading operator of a fully digitalised hospitality platform, today announces the acquisition of a lifestyle apart hotel brand Native Places (https://nativeplaces.com) from Native Holdings.
Scandic has signed a long-term lease agreement for two new Scandic Go hotels in central Gothenburg and Umeå. The hotels are expected to open in 2026 with a total of 276 rooms, and the project involves converting existing office buildings. This will bring the number of Scandic Go hotels in the company’s pipeline to five with a total of 876 rooms in Sweden and Finland.
Blackstone Real Estate (“Blackstone”) announced on June 26th that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading investor in travel and leisure businesses.
The return of portfolio transactions has bolstered UK hotel investment during the first six months of 2024 with investment totalling £3 billion, up from £990 million over the same period in 2023 and far beyond last year’s full year total (£2 billion), according to Knight Frank.
Hilton (NYSE: HLT) today announced a franchise agreement with Bohemian Hotels ehf. to open Akureyri "Skáld" Hotel, Curio Collection by Hilton, in the northern Icelandic countryside, as well as a stunning new property in Iceland's capital city, Reykjavik.
Marriott International, Inc., announced its plans to expand its portfolio in France with the expected addition of 10 properties with over 1,000 rooms by the end of 2025. The anticipated openings will further strengthen the company’s footprint in France, where it currently has a portfolio of 69 properties with over 12,000 rooms across 16 brands and 29 cities, including Paris, Nice, Cannes, Lyon, Strasbourg, Marseille, Reims, Lille, Bordeaux and Toulouse.
Ruby Hotels proudly announces its second project in the Netherlands, following the success of its flagship in Amsterdam. Located in Rotterdam's vibrant Glashaven district, the new project will offer approx. 225 meticulously designed rooms and lively public areas. Partnering with Foruminvest, a European hotel developer, promises to deliver an unparalleled Lean Luxury experience in one of Rotterdam's most exciting neighborhoods.
Azora, the Madrid-based European real estate investment manager, has completed the acquisition of two hotels and two adjacent buildings to the hotels in central Brussels on behalf of its Azora European Hotel and Lodging Fund (“AEHL” or the “Fund”).
Travelodge, the UK’s first budget hotel brand which operates over 600 hotels across the UK, Ireland and Spain, continues its Spanish expansion and has today announced the opening of five new Travelodge hotels; Alicante Puerto, Barcelona del Valles, Madrid Alcala de Henares, Malaga Aeropuerto and Murcia, totalling 635 rooms.
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces the signing of nine hotels across Portugal, adding 976 rooms to the country’s growing and strong pipeline, as it continues to benefit from rapid growth. The signings cover three IHG brand collections including luxury and lifestyle, with the announcement of Kimpton Lisbon, Hotel Indigo Albufeira and Hotel Indigo Faro - and its Essentials Collection which comprises six signings across the Holiday Inn and Holiday Inn Express brands – including suites offerings.
UK’s largest hotel business seeks an additional 30% more rooms in Ireland as it responds to high demand and an undersupply of branded hotel rooms.
Bob W, the tech-powered hospitality operator, is expanding its London presence in the serviced apartment space with three new openings, taking the brand’s total number of properties in the capital to 13.