Surrey Hills Hotel in Sydney was Sold for AUD30 Million, GIC and APG Jointly Acquire Major Stake in The Student Hotel, Melbourne’s St Kilda Road Office to Redevelop into an AUD300 Million Hotel Mixed-use, Major New Mixed-Use Centre, Parc 1 is Opened in Seoul.
Accor to sell 10.8% stake in Ennismore to Qatari Investors, GIC joins APG, Aermont and Charlie McGregor as investors in The Student Hotel group, Invesco acquires three hotels in Spain and the Netherlands, Aviva Investors acquire hotel in Dublin, Abrdn acquires Motel One Antwerp Site in Belgium from CORES Development, AG Hotel acquires Best Western Pinewood on Wilmslow Hotel in Manchester, UK.
The Student Hotel (TSH), APG, Aermont Capital, Charlie MacGregor and GIC have reached an agreement as part of which GIC and APG will acquire a substantial stake in TSH and commit to invest to fuel further expansion for the hybrid hospitality leader, subject to customary regulatory approvals. The transaction values The Student Hotel, including assets currently under development, at €2.1 billion.
Pictet acquires Kimpton Aysla Mallorca, Spain, Aermont acquires NH Milano Palazzo Moscova in Italy, from Allianz, Leonardo Hotels acquires Hotel Florida in Fuengirola, Spain, from ML Hotels, JPI Hospitality acquires Hotel Tres Playas in Mallorca, Spain.