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Tall-building proposals lead to planning committee approvals
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Vanilla Islands beach hotel gets facelift and new management company
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<p>Today, after a quarterly review, the Vienna Stock Exchange announces new calculation parameters for Austrian indices. The free float factor of <a href="https://www.wienerborse.at/en/market-data/shares-others/quote/?ISIN=AT0000641352&ID NOTATION=26345&cHash=8fc6b30d76329304dd27020058557f4b" target=" blank" title="Opens new window">CA Immobilien Anlagen AG</a> will decrease from 0.7 to 0.6 following the settlement of a takeover offer from mid-April. In the course of this takeover offer, the company SOF-11 Klimt CAI S.à r.l. from the Starwood Group increased its stake to more than 30%. Furthermore, after the conversion of convertible bonds, the number of CA Immobilien Anlagen AG’s shares increased by 7.6 million shares to now 106.4 million shares. The resulting slight decrease in the company’s weighting in the ATX will take effect on Monday, 21 June 2021. The next scheduled
Hotels, After Tough Year, Are Back In Investors’ Sights
Capital-raising and hotel sales highlight investor optimism for the sector’s recovery
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Blackstone Group and the Starwood Group in March bought hotel operator Extended Stay America for US$6 billion, the largest deal in the U.S. since COVID-19 hit. In Madrid, German investor Commerz Real acquired an office building at city s airport with intentions to convert it into a 280-room hotel branded by Zleep Hotels.
In a recent JLL survey, 70 percent of investors said they will be targeting hotels in Asia Pacific. Global hotel investment is expected to increase up to 35 percent to US$35 billion this year from a year earlier, according to JLL s Global Hotels Investment Outlook Report 2021.
By Chioma Onuegbu, Uyo
Akwa Ibom State government has said that the 146 room Four-Point by Sheraton Hotels located at Ikot Ekpene local government area is 97 percent completed and expected to commence operation before the end of 2021.
The Director of Projects, Akwa Ibom State Ministry of Special Duties, Engr Ephraim Udosen disclosed this yesterday when newsmen went on a facility tour of the hotel following criticisms and speculations that the project has been abandoned.
Udosen said the hotel has become one of the most technologically advanced in the country after modifications and upgrades carried out in the facility including the power installations, water treatment process, fire suppression and fighting systems, cooling system, and ICT, in line with the requirements of the hotel managers.
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