Vienna-based developer JP Hospitality has launched a new brand in Pan Am Hotel with a development focus on airport hotels both in Europe and internationally.
Spanish real estate investment trust Azora has finalized its acquisition of Spanish hotel operator Medplaya Hotels, along with six of its owned hotel properties, for an undisclosed price.
German real estate investment firm KanAm Grund Group has joined forces with Balearic Islands-based Barcelo Gestion Hotelera S.L., parent of Barceló Hotel Group, to invest in upscale hotels in northern and western Europe.
MANCHESTER, England — While hotels broadly face challenges in terms of demand and increasing costs, there is significant interest from banks and other lenders to deploy their capital in the space.
Despite macroeconomic headwinds and some concern from investors and analysts, executives at Amsterdam-based PPHE Hotel Group are confident in their business strategy.
Investment firms Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners acquired the 957-room Pullman Montparnasse in Paris for €300 million ($355 million) or €313,480 ($370,477) per room, according to CoStar.
Beaconsfield, Buckinghamshire-based owner-operator Starboard Hotels has submitted plans to add a four-floor, 71-room extension to its 35-room Windermere Manor Hotel in Windermere, Cumbria. The hotel is in a protected national park with sensitive requirements and a legacy of providing a welcome for visually impaired guests.
Japan-based Seibu Prince Hotels Worldwide is buying Ace Group International, parent company of the Ace Hotel brand and in-house creative agency Atelier Ace, for $90 million.
