Posts by Dev Anand
Expo Hotel Valencia, Sold by Grupo Selenta To The Swiss Funds of Pictet
Main Photo: The Expo Hotel Valencia Date: October 2022 Name: Expo Hotel Valencia Location: Alameda, Turia Gardens, Valencia, Spain Number of Keys: 377 Seller: Gruppo Selenta – the Mestre family Buyer: Pictet Alternativa Advisors, with €609bn AUM The largest hotel sale in the city of Turia since the pandemic . Funds managed and/or advised by Pictet from…
Read MoreRedevco Enters Hotel Sector With €80m Foray Into Iberian Market
Main Photo: The Le 31 mixed-use development in Lille, with two hotels – Hyatt Centric and Stay KooooK by SV Hotel Date: October 2022 Name: Redevco Location: Spain & Portugal – Lisbon, Bilbao, Seville, Porto, and Malaga Number of Keys: TBA Seller: TBA Buyer: Redevco, who manage 280 assets in 12 countries across various portfolios…
Read MoreAimbridge EMEA Replaces Interstate as Their EMEA Brand
Date: September 2022 Location: Global – Affects EMEA What Did They Say: No longer Interstate…now Aimbridge EMEA Who They: Aimbridge Hospitality, the parent company that acquired Interstate Hotels & Resorts in 2019 Main photo: The Hotel Indigo The Hague, an Interstate managed hotel After spending many years as one of the most well-known global third-party management…
Read MoreIHG Expands European Presence With Five New Hotel Signings With Grape Hospitality In Spain, France & Italy
Main Photo: The Hotel Indigo Florence – envisaged…one for five new IHG hotels for Grape Hospitality Date: September 2022 Names: voco Madrid Centre Retiro, Crowne Plaza Madrid Centre Retiro, Hotel Indigo Florence, Hotel Indigo Bordeaux and Hotel Indigo Barcelona Gran Via Plaza Espana – Opening 2023/24 Locations: Madrid and Barcelona, Spain, Florence, Italy and Bordeaux,…
Read MoreB&B Hotels Launches UK Expansion Aiming For 100 Hotels By 2035
Main Photo: The B&B Hotel at Lisbon Airport Date: September 2022 Name: B&B Hotels Locations: B&B Hotels currently has more than 650 hotels across 14 European countries, with the UK being a new location for them Number of Keys: Currently 59,000! UK with 100 hotels should yield another 9,000 or so Sellers: They are looking…
Read MoreHyatt and Kiraku Unveil New Hospitality Brand JV To Launch Modern Style Ryokans in Japan Under ATONA Brand Name
Main Photo: The new ATONA logo/brand Date: September 2022 Name: ATONA – to be launched 2025 Locations: Across Japan Number of Keys: TBA JV Partners: Hyatt and Kiraku will each own fifty percent of the joint venture to develop this new offering Hyatt Hotels Corporation announced that a Hyatt affiliate and Kiraku, Inc. have entered into a strategic…
Read MoreUAE Gets Own ‘Casino Consortium’ as Wynn Resort Causes Investment Push
Date: September 2022 Location: Ras Al Khaimah, UAE What Did They Say: Gaming getting closer to UAE Who They: A consortium focusing on gaming has been created in the UAE – Carter Hones Associates, WT Partnership and Westar Architects International Main photo: The planned Wynn “mega-resort” planned to open 2026 A consortium focusing on gaming…
Read MoreIHG Signs Deal to Open Dual-Branded Crowne Plaza and Hoilday Inn Express at Stockholm Airport, Sweden
Main Photo: IHG’s Crowne Plaza & Holiday Inn Express Stockholm Arlanda Airport in Sweden. Photo credit: Björnbäckens Fastighets AB/© InterContinental Hotels Group Date: September 2022 Name: Crowne Plaza & Holiday inn Express Arlanda Airport to open 2026 Location: Arlanda Airport, Stockholm, Sweden Number of Keys: 420 – 120 in Crowne Plaza and 300 in Holiday…
Read MoreYorkshire-Based Developers North Star and Countrylarge Acquire Hotel Plot near Manchester’s Piccadilly from Japanese Hotel Group Toyoko For A Room2 Hotel
Main Photo: The site of the proposed new Room2 hotel – imagined; photo credit: Royal Pilgrim Date: September 2022 Name: Room2 Manchester Location: Piccadilly, Manchester, England, UK Number of Keys: 180 Seller: The site has been destined to become a hotel, going back to Yotel in 2013…and more recently Japanese hotel group Toyoko were granted…
Read MoreBuro Ole Scheeren Designs Two Hotels With “Hanging Gardens” for Chinese Resort Sanya For CDF Investment & Development
Main Photo: The two hotels, pushing the boundaries on hotel design Date: September 2022 Name: The Regent Sanya Bay and Hotel Indigo Sanya Bay – Sanya Horizons….due to open 2026 Location: Sanya, Hainan Island, Southern China Number of Keys: TBA Seller: TBA Buyer: CDF Investment & Development Büro Ole Scheeren has unveiled designs for a hotel building made…
Read MoreSaudi Arabia’s NEOM Backs US $350m 5-Star Hot Air Balloon Hotel Project – Nimbus
Main Photo: The outline plan! Date: September 2022 Name: Nimbus Location: UAE/Saudi Arabia – can move freely! Number of Keys: TBA Seller: Dreamed up by 4 students at Cornell – much beer involved! Buyer: Saudi Arabia’s NEOM Tech & Digital Company, rebranded this week as Tonomus looking to back the concept A proposed US$350 million…
Read MoreGreek Sani/Ikos Group Enters Strategic Partnership Agreement with GIC Valuing the Business at €2.3bn
Main Photo: The Blau Porto Petro, an Ikos acquisition in September 2021 Date: September 2022 Name: Sani Resorts and Ikos Resorts – SIG Locations: Spain and Greece Number of Keys: 11 hotels between the two brands…Keys TBA Seller: GIC will be buying the stakes from investors that include Oaktree Capital Management, Goldman Sachs Asset Management,…
Read MoreSaudi Arabia to Bid US$40bn for FIFA 2030 World Cup
Main Photo: What the FIFA World Cup Fanzone might look like! Date: September 2022 Name: FIFA 2030 World Cup Location: It is understood the Saudis will make a joint bid, with Egypt and Greece as co-hosts Number of Keys: in 2022: The World Cup is expected to attract more than one million visitors, but by…
Read MorePandox Acquires DoubleTree By Hilton Bath, UK Hotel for £40m
Main Photo: The DoubleTree by Hilton Bath Date: September 2022 Name: DoubleTree by Hilton Bath Location: Pulteney Bridge, Bath, England, UK Number of Keys: 176 Seller: Starwood Capital, who acquired the hotel in a seven-strong Hilton deal in 2018, for £135m from Park Hotels Buyer: Pandox Swedish property operator, Pandox, has acquired The DoubleTree by Hilton Bath for £40m.…
Read MoreFabege Signs Loan Deal with Nordska Investeringsbanken for SEK 432.5m for Scandinavia’s First Zero-Energy Hotel in Solna
Main Photo: The Arenastaden Hotel, Solna Date: September 2022 Name: Nationalarenan 3 Location: Arenastaden, Solna, just outside Stockholm, Sweden Number of Keys: 336 rooms, 88 long-stay apartments and Nordic Choice Hotel’s Swedish headquarters Owner: Fabege, the owners of Solna Business Park Lender: Nordiska Investeringsbanken (NIB) Nordiska Investeringsbanken (NIB) and Fabege have agreed on a 10-year…
Read MorePandox to Sell InterContinental Montreal for CAN $80m
Main Photo: The InterContinental Montreal Date: September 2022 Name: The InterContinental Montreal Location: Saint Antoine Ouest, Montreal, Quebec, Canada Number of Keys: 337 Seller: Sweden’s Pandox, who acquired the hotel in 2007 for CAN$49m, from a JV of InterContinental Hotels Group and Cadim, a division of the Caisse de dépôt et placement du Québec Buyer:…
Read MoreRotana Announces Two New Dubai Hotels: Arabian Park & Damac Hills 2
Main Photo: The Damac Hills 2 Hotel – imagined Date: September 2022 Names: Arabian Park Hotel and Damac Hills 2 Hotel – opening October and November 2022 Locations: Arabian Park will be located in Al Jaddaf; Damac Hills 2 hotel is located in the Akoya Oxygen community…both in Dubai, UAE Number of Keys: 328 and…
Read MoreBain Capital and Omnam Group JV To Rebrand The Hotel Britannia Excelsior at Lake Como, Italy to Lake Como Edition
Main Photo: Marriott’s sister Lake Como hotel – The Sheraton Date: September 2022 Name: Hotel Britannia Excelsior to rebrand as the Lake Como Edition – to reopen 2025 Location: Lake Como, Italy Number of Keys: 285 to become 145 luxury rooms to include two penthouse suites Seller: Private family company, Doros Holdings: Whieldon Ross Stacey…
Read MoreAman Group Explores US$600m Sale of NYC’s Most Expensive Hotel
Location: The Crown Building at 57th Street and Fifth Avenue, New York’s Manhattan, NY, USA Name: Aman New York – just opened August 2022 Guide Price: US$600m Guide Price per Key: A staggering $7.2m at 83 suites – or $5.7m if one includes the Residences No. of Keys: 83 suites and 22 residences The Opportunity:…
Read MoreAleph Hospitality Expands Middle East Footprint With New Management Agreement for La Maison Doha
Main Photo: The Doha hotel skyline including the Aleph Doha Residences, Curio Collection by Hilton Date: September 2022 Name: La Maison – to open in time for the FIFA World Cup November, 2022 Location: Doha’s Ben Mahmoud area, Qatar Number of Keys: 448 guestrooms and serviced apartments spread over three towers Seller: TBA Buyer/Owner: TBA Earlier…
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