Covivio group with the main shareholder Delfin di Leonardo Del Vecchio confirms the recovery of the sector already emerged at the end of the 2021 financial statements. 160% of flexible rents in France. The collection percentage of fixed fees amounts to 100%. Furthermore, the last unpaid revenues of 2021 were fully recovered during the 1st...Read More

Israeli hotel group Fattal Hotel Group, listed on the Tel Aviv Stock Exchange, recently reported that it raised 315 million euros from Israeli institutional investors led by Harel Insurance Investments and Financial Services and Menorah Mivtachim Group in order to expand its hotel portfolio in Europe. The amount raised could increase to 400 million euros...Read More

The luxury hotel brand of the IHG group is planning 65 hotel openings, covering 15,181 rooms and suites. China is the destination with the highest number of new InterContinental hotel projects, with the United States ranking second in number of brand openings in the coming years. In particular, of these 65 pipeline projects, 23 are...Read More

Some more details on the Aeroviaggi – Blackstone joint venture. First of all, the name of the startup: “Insulae”. The Italian group was previously awarded the six structures of the Mangia’s brand included in the partnership: the Cala Blu and the Marmorata of Santa Teresa Gallura and the Agrustos of Budoni, in Sardinia, as well...Read More

Ennismore and ActivumSG Capital Management have signed a long-term management contract to bring Ennismore’s SLS lifestyle brand to Europe. The project is a 490-room hotel on Barcelona’s waterfront for the second half of 2024. The facility will develop on 31,326 square meters, and will overlook the marina on the north-east side of the 22° district...Read More

A&O Hostels, a well-known German hostel chain, has recently bought another property in Berlin, adding a property structure to the portfolio of the chain and its first hotel investment after two years of pandemic. The A&O Berlin Hauptbahnhof (330 keys, 1,000 beds), fourth complex in the German capital, had been rented by the group since...Read More

Foruminvest Italia recently announced the purchase of a land of 11,500 square meters for a new hotel development. The lot is located adjacent to the international terminal of Milan Malpensa airport inside the Mxp business park and next to the Vodafone automotive headquarters. The first Tribe d’Italia, a brand from the Ennismore portfolio (by Accor),...Read More

Although many Western hotel chains have put their development plans in Russia on hold due to the conflict with Ukraine, some hotels branded by these same chains have recently opened and others are in the process of opening. Russian media recently announced the opening of new hotels under the Hyatt Hotels Corporation and IHG Hotels...Read More

Vib, was a high-end and mid-range boutique brand owned by Best Western Hotels & Resorts, which was created in late 2014, and this year will be relaunched. As of early 2022, only three Vib properties were open. Although initially thought of as a North American urban brand (New York or Chicago), the original location target...Read More

After the inauguration of the YellowSquare Milan, near Porta Romana and equipped with 98 beds in mixed dormitories and 29 private rooms, the Florence facility was recently inaugurated. The complex has more than 250 beds in dormitories (for 4 and 8 people) and 12 private rooms and over 5 thousand square meters of common areas....Read More