Posts by Dev Anand
Weave Living Acquires Third Hotel In Hong Kong for HK$900m
Main Photo: The Grand City Hong Kong Date: May 2022 Name: Weave Living Location: Queen’s Road West, Sai Ying Pun, Western district, Hong Kong Island Number of Keys: 214 Seller: Magnificent Hotel Investments, a property firm controlled by William Cheng, the son-in-law of Henderson Land Development founder Lee Shau Ke. Buyer: Weave Living, headed up…
Read MoreVacant Property Prime Area Dublin For Sale With Planning Consent For 72 Keys
Location: Heart of Dublin, walking distance of Abbey Street and the IFSC – International Finance Services Centre, Dublin 1, Ireland Name: TBA Guide Price: €7m plus construction costs Guide Price per Key: N/A No. of Keys: Currently VP on 32 units – Planning Consent to convert to 72 room hotel, or aparthotel The Opportunity: This…
Read MoreFour-Star Branded Beachfront 67-Key Hotel For Sale, Nation Island, Indian Ocean, East Africa
Location: Close to the capital of this national state, East Coast Africa – Indian Ocean Name: TBA Guide Price: US$5.5m Guide Price per Key: US$82k No. of Keys: 67 rooms and bungalows The Opportunity: To acquire this fine property, in this idyllic archipelago off Africa’s east coast. The island is a volcanic archipelago, in the…
Read MoreHilton to Open First Hotel in San Sebastián, Spain – a Curio Collection by Hilton
Main Photo: The new Curio by Hilton in San Senastian – to open 2024 Date: May 2022 Name: Palacio Bellas Artes Hotel San Sebastian, Curio Collection by Hilton Location: Amara district, San Sebastian, Spain Number of Keys: 82 Seller: The hotel will be located within the former Fine Arts Theatre, in the Amara district of…
Read MoreBaring Private Equity Buy Hilton Sydney from Bright Ruby for Record AUD530m
Main Photo: The Hilton Sydney Date: May 2022 Name: Hilton Sydney Location: Close to Hyde Park CBD, Sydney, NSW, Australia Number of Keys: 587 Seller: Bright Ruby Resources Buyer: Baring Private Equity Asia – BPEA, which is in the process of being acquired by Swedish private equity firm EQT, has been active in acquiring hospitality…
Read MoreUK Commercial Property REIT Acquires Leeds Hotel and Long-Stay Development Opportunity For £62.7m To Be Operated Under Lease By Interstate Hotels & Resorts as a Duel-Branded Hyatt Place & Hyatt House
Main Photo: The proposed new development Date: May 2022 Name: Hyatt Place and Hyatt House – to open 2024 Location: Soverign Square, Central Leeds, Yorkshire, England, UK Number of Keys: Split between the two brands: 305 Seller: Leeds City Council owns the site; The development was acquired from Marrico (Sovereign Square) Ltd, a joint venture…
Read MoreSynergy Global Housing Adds Munich To It’s Global Portfolio – First in Germany
Main Photo: The new Synergy@1487 in Munich Date: May 2022 Name: Synergy@1487 Location: Westend Borough, Munich, Germany Number of Keys: TBA…Two-bedroom apartments Seller: TBA Buyer: TBA Synergy Global Housing, a leader in serviced accommodation programme management, announced the launch of its newest professionally managed property, its first in Germany, Synergy@1487. Located in the heart of Munich,…
Read MoreThe Hoxton Opens In Barcelona
Main Photo: The bar at the newest trendy spot in Barcelona Date: May 2022 Name: The Hoxton Barcelona Location: Poblenou, walking distance to the beach, Barcelona, Spain Number of Keys: 240 Seller: TBA Buyer: Located in walking distance of the beach and set to be a pillar of the community, The Hoxton Barcelona offers 240 rooms; a…
Read MoreAccor’s Jo&Joe Plans Chinese Growth With More Than 1,000 Hotels Across China
Main Photo: The funk bedroom style from Jo&Joe Date: May 2022 Name: Jo&Joe – Ennismore Location: Across China Number of Keys: 1,000 hotels! – Keys: TBA Partner: Chinese group Country Garden Brand: Ennismore’s Jo&Joe Ennismore, Accor’s lifestyle division, has signed a partnership agreement that could see more than 1,000 Jo&Joe branded hotels pop up across…
Read MoreBrookfield To Acquire Watermark Lodging Trust in US $3.8-billion – 25 Hotel Properties, Including Five Ritz-Carlton Hotels
Main Photo: Ritz-Carlton Philadelphia, one of the 25 hotels acquired by Brookfield in the Watermark Lodging Trust deal Date: May 2022 Name: Watermark Lodging Trust Locations: Across 14 US States Number of Keys: 8,100 Seller: Watermark Lodging Trust, a non-traded REIT led by Mike Medzigian Buyer: Toronto-based Brookfield Asset Management, possibly on of the largest investor fund…
Read MoreLXi and Secure Income Agree Merger To Hold 346 Properties – Travelodge & Merlin Entertainments Valued at £3.9bn
Main Photo: The Travelodge Swindon, one of some 150 Travelodge hotels under the new merged REIT Date: May 2022 Names: LXi Reit (LXI) and Secure Income REIT (SIR) Location: Mainly UK Number of Keys: TBA LXi Reit (LXI) and Secure Income Reit (SIR) have agreed to merge in a deal which would create a real…
Read More40-Key Country House Hotel Set In 250 Acres, 18-Hole Golf in Berkshire…Scope To Add Another 25 Rooms
Location: Newbury, Berkshire, England, UK – 90 minutes from Central London by great rail and road connections Name: Donnington Grove Hotel & Golf Club Guide Price: £10m Guide Price per Key: £250k No. of Keys: 40, with lapsed planning for a further 26 rooms The Opportunity: Donnington Grove is a beautiful, former 18th Century House,…
Read MoreHilton Plans to More Than Double Lifestyle Portfolio Over Next Decade
Main Photo: The new Motto by Hilton Sao Paolo Ibirapuera – imagined Date: May 2022 Names: Hilton – brands such as Canopy by Hilton, Tempo by Hilton and Motto by Hilton hotels Locations: Global Number of Keys: TBA Buyers: Various The pipeline of properties in Hilton’s lifestyle category is expected to more than double over…
Read MoreDevelopment Capital Required For New Four-Star Branded Hotel Chain in Bangladesh
Location: Sylhet, North East Bangladesh Name: Sylhet Hotel Group Guide Price: Initial investment required – £20m No. of Keys: 150 – 200 The Opportunity: Start-up business Sylhet Hotel Group is looking for partners to finance construction of a chain of four-star branded hotels in parts of Bangladesh starting with Sylhet – the scenic heart of…
Read MoreYOTEL To Open Lisbon World Trade Centre in 2024
Main Photo: The new YOTEL Lisbon WTC to open 2024 Date: May 2022 Name: YOTEL Lisbon WTC – opening 2024 Location: World Trade Centre Lisbon, Monsanto, outside of Lisbon towards Cascais, Portugal Number of Keys: 127 Seller: TBA Buyer: The new property will form part of the Foz Vintage Group’s spectacular World Trade Center development…
Read MoreWyndham to Launch Extended-Stay Economy Brand
Main Photo: The look and feel of the new Wyndham brand, as yet unnamed Date: May 2022 Name: TBA Location: Global Number of Keys: TBA Owner: As usual individual franchise partners Brand Owner: Wyndham Hotels & Resorts Wyndham Hotels & Resorts is on track to launch it’s first extended-stay brand for the economy segment later this…
Read MoreBNP Paribas Buys Club Med Alpe d’Huez
Main Photo: The Club Med Alpe d’Huez Date: May 2022 Name: Club Med Alpe d’Huez Location: French Alps, Huez, Grands Rousses Massif, Isere, France at 1,860 metres Number of Keys: 442 Seller: Lagune, an investment vehicle managed by Luxembourg-based Batipart, created by Charles Ruggieri in 1988 Buyer: BNP Paribas, the asset will sit in its…
Read MoreMarriott International Signs Agreement to Debut JW Marriott Brand in Tokyo in 2025
Main Photo: A rendering of what the new hotel’s bedrooms will look like Date: May 2022 Name: JW Marriott Hotel Tokyo – to open 2025 Location: Between Shinagawa and Tamachi Stations, as part of JR East’s extensive redevelopment project of the former JR Shinagawa Depot Railway Yard, Tokyo, Japan Number of Keys: 200 rooms and…
Read MoreAccor Adds Legendary Queen Elizabeth 2 To It’s Dubai Portfolio
Main Photo: The most famous ship on the water – The Queen Elizabeth 2 – QE2, iamgined after the refit Date: May 2022 Name: Queen Elizabeth 2 to become branded under Accor’s MGallery Hotel Collection – MGallery Queen Elizabeth 2 Location: Port Rashid, Dubai, UAE Number of Keys: 447 Owner: The Ports, Customs and Free…
Read MoreIreland’s Press Up Group to Open The Dean Birmingham in the Former Central Methodist Hall, Birmingham
Main Photo: The new Dean Hotel – imagined Date: May 2022 Name: Currently the Central Methodist Hall – to be rebranded The Dean Birmingham Location: Corporation Street, Birmingham, England, UK Number of Keys: 150 Seller: The property was in Administration – originally built by local architects in 1904…run by the Methodist Church until 1991…put on…
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