Extendam has announced the off-market acquisition of a hotel combo combining the Ibis and the Novotel Marne-la-Vallée Noisy-le-Grand. Acquired under "favourable conditions", these 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 (...)
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 (...)
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 (...)
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 (...)
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 (...)
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 (...)
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 (...)
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. (...)
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