Powerful players: yes; new ideas: no eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
An independent property in Beverly Hills, Calif.; a Luxury Collection property in Savannah, Ga.; and two hotels in Bethany Beach, Del., have been sold.
Europe Hotel Transactions Bulletin - Week Ending 28 May 2021
share this article Advertisements
Tenuta di Castelfalfi Estate in Tuscany to the family of
S P Lohia. Located equal distance from Florence, Pisa and Siena, the 1,100 hectare estate includes two hotels, six restaurants and bars, a 1,000 sqm spa, a 27-hole golf course and significant residential development potential. Acquired by TUI in 2007, the estate has been sustainably developed into a luxury resort during TUI´s ownership. The new owner plans to continue developing the estate and create one of the premier destinations in Tuscany.
HVS Hodges Ward Elliott represented the seller in the transaction
Hotel Sector Has Weathered the Pandemic Storm but Financing Remains Tough as Lenders Become Cautious
share this article
1 min
Hotels have weathered the pandemic storm well with support from lenders, with a bounce back of trade expected, although for some this may take three to four years to achieve. Advertisements
This was one of the key conclusions heard at a webinar on hotel financing held yesterday [11 May 2021] attended by over 400 senior industry executives organised by global hotel consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners.
The webinar, moderated by Bird & Bird’s James Salford, kicked off by polling the audience, finding that most expected a 0.5% to 1% increase in debt pricing compared with pre-covid levels. Debt funds were anticipated to become the most active lenders in 2021/22 and most respondents expected resort hotels, aparthotels and limited service hotels t