Swedish hotel property company Pandox has agreed to purchase the DoubleTree by Hilton Edinburgh City Centre hotel in Edinburgh, UK, from sellers affiliated with Starwood Capital.
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UK-focused social infrastructure real estate investment manager Newcore Capital has acquired the investment long leasehold interest in the Welcome Break motorway service area (MSA) at South Mimms, recognised as the UK’s largest EV Hub, for an undisclosed sum.
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Global parking and urban mobility specialist Indigo Group has completed the acquisition of Apcoa’s Belgian subsidiary, Apcoa Belgium, including a 50% stake in ParcBrux, the remaining 50% being already owned by Indigo, and a 50% stake in Maatschap Parkeren Leuven.
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Spanish hostel and boutique hotel platform, Room00 Group, has acquired local hostel operator TOC Hostels from Ignacio Catalán and Salvador Torrens for approximately €20 mln.
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European hotel transactions reached a five-year high in the first half of 2024, exceeding €11.6 bn, the highest six-month volume since 2019, according to data from Cushman & Wakefield.
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Swedish hotel investor Pandox has purchased three aparthotels, totaling 503 rooms, in central London for £230 mln (€273 mln), from affiliates of Starwood Capital.
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LaSalle Investment Management has acquired a central London hotel from abrdn for £56 mln (€66 mln) on behalf of a UK Custom Account client.
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Travelodge, the UK budget hotel chain, with more than 600 hotels across the UK, Ireland and Spain, has opened its 82nd hotel in London, the 73-key London Bermondsey Travelodge.
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Student housing platform StudentSpace has started construction on its first two projects in Cracow.
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Swedish hotel property company Pandox has announced it is in preliminary talks to acquire a hotel portfolio in London, UK, valued at approximately SEK 3 bn (€260 mln).
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Two long-standing real estate finance professionals have joined forces to launch a new independent debt advisory boutique known as Art Capital.
