Credit Suisse Real Estate Fund Hospitality (CS REF Hospitality) has signed an agreement to invest CHF 155 mln (EUR 119 mln) in the development of a five-star hotel and residences project in Davos which will be operated by the Inter Continental Hotel chain.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
