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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 (...)

Europe still offers core, value-add opportunities in specific markets, sectors - Savills

Office, standing stock, developments or refurbishments, continues to offer opportunities for core and value-add real estate investors in Europe, says adviser Savills. In value-add (...)

Covivio Hotels targets seven Euro cities, profit over 30%, best use

French REIT/SIIC Covivio has pared hotel holdings to 400 and now targets seven European cities, operating profit of over 30% and cooperation with operators (...)

Henderson Park closes €550m Paris Westin buy with CACIB financing

London-based private equity investor Henderson Park has completed the €550m purchase of the Westin Paris-Vendôme hotel in Paris from Singapore sovereign GIC, securing senior (...)

Expo Real 2018 closes after 6% rise to record 44,536 visitors

Live from Expo Real (Munich) - Munich's Expo Real, the largest real estate trade fair in Europe, ended its annual three-day session Wednesday after (...)

France surges ahead on the global stage

Associated for a long time to rigid labor laws and social immobilism that hindered its economy, France elected 39 years old liberal ex-banker Emmanuel Macron, (...)

Hamburg's Union acquires four economy hotel projects in forward purchase

Hamburg-based Union Investment has acquired a portfolio of four economy hotel projects in a forward purchase agreement. Seller was the developer benchmark REAL Estate (...)