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    Madrid skyscrapers

    Spain ‘secure’ investor option

    Foncière des Murs, has completed the acquisition of a portfolio of 19 hotels from Merlin Properties, located primarily in Barcelona and Madrid. The deal came as CaixaBank sold EUR700m in hotel assets to Apollo, as international investors showed a rising interest in the market. At FdM, a 49%-owned subsidiary of Foncière des Régions, the group [...]
    Bank Of England

    London continues to absorb supply

    Revpar in London was expected to be flat to down this year, delegates at the New Year Hotel Investment Summit, held in London and hosted by Whitebridge Hospitality, were told. The drop was attributed to increased supply and “the biggest demerger in UK history” as the country negotiated to leave the European Union. Philip Camble, [...]
    Colliers and Vision

    Colliers adds Vision

    Colliers International has acquired Vision Asset Management for an undisclosed fee, integrating the group into its existing hotel property services operation. The deal, which will see the group target asset management in Europe, comes as property brokerages are increasing their scope from transaction into a full-service model for owners and investors. Founded in 2001, Vision [...]
    hostel

    TPG banks budget, Germany

    TPG Real Estate has completed the acquisition of European hostel operator A&O for an undisclosed fee. The deal sees TPG taking on 31 leased and owned properties with over 20,000 beds, largely in Germany. The move aims to allow A&O to expand its brand and become one of Europe’s leading budget hotel groups, as the [...]
    holiday-parks-uk

    Staycations drive holiday park sales

    Park Resorts and Parkdean have both been sold as investors look to capitalise on the rise in staycations as a result of the falling pound. The deals came as travel trends continues to buck expectations, with outbound travel rising despite the increased cost. At Parkdean, the 73-site company has been bought by Canadian private equity [...]
    grosvenorhousemarriott

    Reubens bail out Grosvenor House

    The Reuben Brothers have taken the Grosvenor House Hotel out of administration. The deal is another twist in Sahara Group’s attempts to sell the hotel, along with the Plaza and Dream Downtown hotels in New York in order to bail its founder of jail. The Reuben Brothers purchased the loans secured on the three sites [...]

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