Experienced finance expert Arie Hubers, ING’s head of real estate sector Benelux, draws some parallels between the current downturn and the GFC in 2008, and identifies a ‘triple whammy’ for developers looking for funding this year.
Irish hotel operator Dalata Hotel Group has purchased the Apex Hotel London Wall for £53.4 mln (€62.1 mln) from Apex Hotels Limited, the owner of the long leasehold interest, with 107 years remaining.
