Hilton Prague Old Town Hotel Sold

JLL’s Hotels & Hospitality group has advised Blackstone on the sale of the Hilton Prague Old Town and the adjacent 6,900 sq m mixed use commercial building – Gestin Centrum – to Singapore based M&L Hospitality Trust.
Source: New feed

Rotana to Add 4,360 More Keys To UAE by 2020

2 new Rotana properties – including 6 five-star hotels – to open in Dubai, Abu Dhabi and Ras Al Khaimah within the next four years – USD 1.7 billion estimated total value of new hotels under its management
Source: New feed

AccorHotels Restructures Major Lease Portfolio in Australia

AccorHotels announced that it has successfully reached agreement with a wholly-owned subsidiary of the Abu Dhabi Investment Authority to restructure a portfolio of 31 hotels (4,097 rooms) in Australia.
Source: New feed

Second Hyatt Place Hotel Opens In the United Kingdom

CHICAGO (December 21, 2016) – Hyatt Place London Heathrow Airport opens today, marking the second Hyatt Place hotel in London and the fifth Hyatt branded hotel in the United Kingdom. The hotel…

Source: New feed