CBRE Hotels Dublin has announced that an affiliate of Blackstone Real Estate Partners Europe III has agreed the purchase of the Burlington Hotel Dublin – for €67m. The sale of the Burlington has been negotiated on behalf of Mr Paul McCann of Grant Thornton, Receiver of the Burhotel Trading Company Limited. The 4 star Burlington Hotel – one of Europe’s biggest city centre … [Read more...]
Search Results for: hotel acquisition
Starboard Hotels acquires Liverpool site for ‘luxury’ hostel
On behalf of Quintain, Davis Coffer Lyons and joint agent Ockleston Bailey have completed the sale of the former Kansas Buildings, 50/54 Stanley Street in Liverpool’s Cavern Quarter, to Starboard Hotels. 240-bed ‘Smart City’ hostel Starboard Hotels will trade the seven-storey, 21,550 sq ft property, which was in former use as retail premises, as a 240-bed hostel, which … [Read more...]
Deloitte survey predicts lean years for UK hotel sector – though London offers a silver lining
Deloitte has released results of a survey undertaken in conjunction with TNS of almost 100 senior hospitality figures, conducted ahead of the 24th Deloitte European Hotel Investment Conference, taking place in London 13-14 November. The survey reveals that 41% expect regional UK hotel top-line performance could take up to five more years to return to its previous peak. … [Read more...]
Regent Hotels and Resorts signs Strategic Alliance Agreement with Rezidor
Regent Hotels and Resorts (RHR), wholly owned by Formosa International Hotels Corporation (FIHC), has signed a long-term Strategic Alliance Agreement for the Regent brand with Rezidor Hotel Group AB, one of the fastest growing hotel groups worldwide. Effective immediately, RHR and Rezidor will jointly develop and operate new Regent hotels in Europe, the Middle East and … [Read more...]
London drives 2012 European hotel investment market
Hotel investment activity in EMEA slightly weakened in the first 6 months of 2012 when compared to the same period in 2011 according to Jones Lang LaSalle Hotels. Hotel investment volumes totaled €3.7 billion, a 12% decline compared to sales volumes in the first half of 2011. The majority of transactions were single asset sales, accounting for 64% of total EMEA transaction … [Read more...]