• Issue 992

German buys for Internos

 

Internos Global Investors has purchased two German hotels for a total of EUR75m. The Maritim in Dresden was bought from Axa Investment Managers, and the Mercure City Hotel Berlin bought from ActivumSG. 

 

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Turkish delight for IHG

 

IHG has signed the Holiday Inn Express Istanbul – Halkali. The 110 room hotel is scheduled to open this year, and will be close to the city’s international airport and exhibition centre.

 

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Hilton scores in Qatar

 

Hilton has agreed to open a Hilton Hotels & Resorts branded property within the Salwa Beach development in Qatar. The 362 room hotel and villas will form the centrepiece of the development, creating the largest hotel of its kind in the region.

 

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W adds in China

 

Starwood has signed to open a W branded hotel in Shenyang in north east China. Local partner Shenyang Huaqiang Jinlang City Square Properties aims to have the property ready to open in the city’s central business district in 2019.

 

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Shangri-La for the Palm

 

Shangri-La has signed a letter of intent to open a 290 room tower hotel on the Palm Jumeirah in Dubai. Developer Nakheel is constructing the 52 storey Palm Tower, of which the hotel will occupy 18 floors.  

 

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