City hotel with old and stuffy rooms doomed for demolition birminghammail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from birminghammail.co.uk Daily Mail and Mail on Sunday newspapers.
The proposed sale of the assets in South Korea marks the property group's fourth hotel divestment of the Millennium & Copthorne Hotels Limited portfolio.. Read more at straitstimes.com.
Europe Hotel Transactions Bulletin - Week Ending 18 December 2020
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AEVIS VICTORIA SA has acquired the 95-room
Hotel Schweizerhof, Zermatt, on a sale and manage-back basis from operating and real estate companies indirectly owned by
Michel Reybier for a reported
CHF 63.2 million (€58.6 million representing €617,000 per room). Michel Reybier will continue to manage the hotel and received CHF 38.7 million worth of AEVIS shares. AEVIS now owns over 300 luxury hotel rooms in the Zermatt market, including the Mont Cervin, Petit Cervin, Monte Rosa, and the Schweizerhof.
Casacuberta family acquires Beau-Rivage Geneva from Mayer Family
The Barcelonan
Beau-Rivage Geneva from the
CDL to sell Penang hotel as part of portfolio review amid COVID-19 Toggle share menu
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Copthorne Orchid Hotel & Resort Penang in Malaysia. (Photo: City Developments Limited)
14 Dec 2020 02:49PM (Updated:
14 Dec 2020 02:50PM) Share this content
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SINGAPORE: City Developments Limited (CDL) said on Monday (Dec 14) its hotel arm has agreed to sell a Penang hotel for about RM75 million (S$25 million), as part of moves to streamline its portfolio amid the COVID-19 pandemic.
This will be the third non-core hotel asset that Millennium & Copthorne Hotels (M&C) has agreed to sell since the start of the year. The three assets have a combined sales value of more than S$100 million.