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The Limerick Strand Hotel Unveils Results Of €200,000 Investment hospitalityireland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalityireland.com Daily Mail and Mail on Sunday newspapers.
Proprium sells 35% stake in Motel One to One Hotels, Morgan Stanley and Quinspark acquire Pullman Paris Tour Eiffel from Amundi, Gruppo Statuto acquires Hotel de Rome in Berlin from GIC and Caleus, Nrep acquires Comfort Hotel Karl Johan in Oslo from CBRE IM, PGIM and Sonae Sierra JV acquires hotel in Porto, City Hotels Company Holding acquires three hotels in Italy, Lopesan acquires AC Hotel Iberia Las Palmas in Spain’s Canary Islands, Extendam acquires Hilton Garden Inn Sevilla from Aliseda Inmobiliaria, MV Investment acquires Hotel Jugoslavija in Belgrade from Danube Riverside, MHL Hotel Collection acquires former Park Inn by Radisson Belfast from May Street. ....
Europe Hotel Transactions Bulletin - Week Ending 7 May 2021 share this article Advertisements Turm am Mailänder Platz hotel development in Stuttgart, Germany from Austrian developer STRABAG Real Estate for €137 million. The forward sale includes 429 rooms across two new-build hotels, collectively €320,000 per room, being a 169-room Adina Aparthotel and a 260-room Premier Inn. The development, which is scheduled to complete in December 2021, is located in Stuttgart s Europa district close to the new main railway station. The acquisition, which will be added to the buyer s open-ended real estate fund Unilmmo: Deutschland, follows a six month hiatus from the buyer on any new hotel investments on account of coronavirus. ....
Updated / Friday, 7 May 2021 08:56 The Moxy Dublin will be The MHL Hotel Collection s third Marriot branded hotel CBRE has confirmed that following an off-market process, Midwest Holding has sold The Moxy Dublin City Hotel to The MHL Hotel Collection for about €35m. CBRE said that while this was an off-market sale, it attracted strong interest from a significant number of established domestic and international property investors, hotel funds and private equity companies. The estate agents also said the sale highlighted the fact that the level of international interest remains robust for Dublin as an attractive location for hotel investment. The Moxy Dublin City, which opened in October 2019, has 157 bedrooms as well as bar and restaurant space on the ground floor. ....
The 157-bed Moxy Dublin City hotel has been sold for â¬35 million in what is the first major Dublin hotel sale of the year, and the first since the start of the pandemic. The hotel on Sackville Place just off OâConnell Street was sold by the Spitzer familyâs Midwest Holding group to the MHL Hotel Collection, whose properties also include The Westin, The Intercontinental and the Powerscourt Resort in Co Wicklow. Prior to the pandemic Dublinâs hotel sector was thriving. At the start of 2020, approximately 99 hotels, aparthotels or other forms of guest accommodation were either the subject of a planning application or under development across Dublinâs four local authority areas. ....