• Issue 1067

Redefine Edinburgh buy

 

Redefine International has paid GBP25.27m for the Hilton DoubleTree hotel in central Edinburgh. The planned deal was set up, but did not complete until the No vote in the Scottish independence referendum was confirmed.

 

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Marseille signing

 

Spanish hotel group NH has signed to add a hotel in Marseille to its luxury NH Collection. The 176 room hotel developed by investor ATEMI will open its doors in 2017.

 

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Nigerian growth

 

Nigerian hotel group Transcorp will add two new luxury hotel, funded by proceeds of a USD49m public share offering. A 300 room Lagos hotel and 250 room property in Port Harcourt are planned, reports Bloomberg.

 

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NH London sale

 

The NH Harrington Hall hotel in London has been sold for EUR112m. The property has been bought by a Middle Eastern investor from previous owner Carey Property.

 

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