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    grosvenorhousemarriott

    Europe to rise as UK rattles investor nerves

    Germany saw its transactions volume increase on the year in the first quarter, while deals in the UK fell, according to JLL. The company said that concerns over Brexit had fuelled the drop and pointed to an increase in cross-border investment looking to Europe in the search for yields. The findings came as the UK [...]
    melia

    StarCap sells in hot Spain market

    A joint venture between Starwood Capital and Melia Hotels International has sold a portfolio of four branded hotels in Spain for an undisclosed fee. The sale comes as Spain grows in strength as a destination, while restrictions on new supply see an increasing pool of buyers looking for assets. The Starwood Capital and Melia Hotels [...]
    Airport Departure and Arrival sign at Heathrow, London

    Arora makes runway proposal

    The Arora Group has put forward a rival proposal for a new terminal and runway at Heathrow Airport that it said could save up to GBP6.7bn when compared to the airport’s own plans. Virgin Atlantic and IAG both backed the plan, with the latter describing it as “fresh thinking”, while the Department for Transport reaffirmed its [...]
    Macau, China

    Dalian Wanda goes asset light

    Dalian Wanda has announced plans to sell a USD9.3bn package of hotels and theme parks to Sunac China, to give full scope to its “business strength”. The company will keep the Wanda branding on the properties, amid concerns that it is looking to cut debt after catching the eye of China’s banking authorities. Under the [...]
    VacationsbyMarriott

    Hotels best served in a package

    Thirty-seven per cent of UK holidaymakers plan to book their holiday accommodation directly with hoteliers this year, up from 10 years ago when 17% booked direct, according to a study by Barclays. The report was released as Easyjet said that it was prioritising its holiday business, as appealing to the packaged market comes onto the [...]
    Bikes on the bridge in Amsterdam Netherlands

    First Sponsor goes Dutch

    QMH announced the sale of the 17-strong Bilderberg Hotels in the Netherlands, to a consortium led by Singapore’s First Sponsor Group and Germany’s Event Hotels, for an undisclosed fee. The pair plan to further expand the Bilderberg brand in the Dutch market, as Asia’s investors continued to show faith in Europe’s hotels. First Sponsor has [...]

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