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Hospitality 05/11/2019

China's Huazhu group in €700m takeover of Germany's Steigenberger Hotels

In a further sign of strong demand from Asia for European real estate, the Chinese hotel group Huazhu is paying around €700m to take over Germany's Steigenberger Hotels. A (...)

Hospitality 01/10/2019

Germany's Union Investment eyes road ahead for hotel real estate in Europe

Business Immo: What role do hotels play in Union Investment's activity? Andreas Löcher: About 40 years ago, Union Investment was one of the first institutional investors to (...)

Hospitality 02/07/2019

“Covivio has acquired a stake in 32 Accor hotels with significant value creation potential”

Business Immo: What does Covivio Hotels unit represent today? Dominique Ozanne: Today, Covivio's hotel business represents €6bn in assets, representing around 15% of our revenues. This activity (...)

Hospitality 27/11/2018

France's AccorHotels in €442m bid for remaining 47% in Poland's Orbis

Paris-based global hospitality giant AccorHotels has launched a takeover bid for the 47.31% stake in Polish hotel firm Orbis that it does not already (...)

Hospitality 26/07/2018

AccorHotels drops Air France plan; Colony offers for 7% more in AccorInvest

Europe's largest hotelier AccorHotels reported a 4.2% rise in first half operating profit to €266m but has dropped plans to buy a stake in (...)

Hospitality 14/06/2018

Swedish listed Balder enters Germany, paying €58m for seven hotels

Swedish listed real estate group Balder has made its first investment in Germany, paying €58m for seven hotels, two of which in Berlin, and says the (...)

Hospitality 11/06/2018

France’s AccorHotels signs partnership to boost budget segment

Just days after ceding control of a €4.6bn portfolio, the Paris-based global hospitality group AccorHotels has announced a strategic partnership with budget hotel firm Dalmata Hospitality to bolster (...)

Hospitality 28/02/2018

French Accor agrees to sell 55% stake in hotel investment unit for €4.4bn

Giant Paris-based AccorHotels has agreed to sell 55% in its AccorInvest investment unit to institutions including Saudi Arabia's Public Investment Fund, Singapore's GIC, France's Credit Agricole Assurances and Amundi, and Colony NorthStar. (...)