Hilton International plans to open up to 40 new hotels in Germany over the next two to three years as part of its European expansion strategy. The hotel group is looking at 15-20 locations for its upmarket Garden Inn format and a similar number for its lower-budget Hampton accommodations, senior vice-president of development in Europe Patrick Fitzgibbon told an investors' forum in Frankfurt onThursday.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
