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Hospitality news

French manager Corum adds six Finnish hotels for fund

Paris-based real estate asset manager Corum has acquired a portfolio of six hotels across Finland from CapMan Hotels RE for around €70m, acting on behalf of its fund Corum Convictions (...)

Accor to sell Polish Orbis plus €1.18bn real estate, buy its contracts business for €286m

Just months after boosting its stake in Poland's Orbis hotels, Paris hotel giant Accor is to sell its €1.18bn in real estate, buy its (...)

Paris to pedestrianise Eiffel Tower area, installing parks, green areas for €72m

Paris is to close the area around the iconic Eiffel Tower to traffic, including the adjacent Seine bridge through to the Trocadero district, planting (...)

Dutch Student Hotel's Italy investment climbs to €375m with 2nd Florence project

The Amsterdam-based co-living and co-working hospitality group, The Student Hotel, is starting its second project in Florence, taking Italy investments to date to €375m.  The (...)

Goldman Sachs nears €2bn purchase of economy hotel chain B&B

Goldman Sachs, becoming more active as a principle real estate investor in Europe, is nearing a €2bn purchase of France-based economy hotel chain B&B. Bloomberg (...)

France in 2018 sets record for foreign tourists, up 3% at 90m

France in 2018 set a new foreign tourist record at nearly 90m, up 3%yy, despite the impact at year end of the Yellow Vests' (...)

Opportunities abound aboard the Grand Paris Express

"Grand Paris Express is an exceptional investment opportunity, as the public authorities are investing €40bn to develop it, but also a very strong sign (...)