CoStar World News for July 17African hotel franchising gains momentum; UK looks to ban upward-only commercial rent reviews; French logistics leasing rebounds
Outrigger CEO sees hope in Hawaii, AsiaThe state of Hawaii is expected to see a dip in Canadian travelers this summer, but Jeff Wagoner believes overall numbers will be up.
Largest hotel deal in Spanish history, Mare Nostrum Resort Tenerife sells for €430 millionIn the largest single-asset hotel deal in Spanish history, local owner Spring Hotels Group has acquired the 1,037-room Mare Nostrum Resort Tenerife from Brookfield Asset Management. The deal catapults Spain’s 2021 half-year transactions volume to 10% above the same period last year.
Hoteliers at several Greek islands have seen waves of tourism demand but fear declines due to the effects of climate change and another refugee crisis.
Hoteliers at several Greek islands have seen waves of tourism demand but fear declines due to the effects of climate change and another refugee crisis.
The Highland Group's Mark Skinner says performance trends in the segment mirror those seen in the larger hotel industry, reversing trends observed during the pandemic.
The Highland Group's Mark Skinner says performance trends in the segment mirror those seen in the larger hotel industry, reversing trends observed during the pandemic.