Scandic to Divest One Hotel in Lahti

Scandic has signed an agreement to divest the hotel operations of Scandic Lahti to GreenStar Hotel Oy. The buyer will take over the operations of the hotel, which has 139 rooms, on August 1, 2019.
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Emaar Hospitality Group to Open 5 New Hotels in Dubai This Year

Two hotels will open under Address Hotels + Resorts – both in Downtown Dubai: Address Fountain Views and Address Sky View. The new hotels to open under Vida Hotels and Resorts are Vida The Hills and Vida Harbour Point. The new Rove Hotels property is Rove At The Park. All the hotels have commenced online booking.
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Colliers International 2019 Canadian Hotel Investment Report (PDF Download)

Sustained investor interest and strong fundamentals kept the hotel real estate market active in 2018 with total transaction volume of $1.5 billion. Investment activity shifted toward secondary/tertiary locations with a variety of well-capitalized buyers and a broader pool of lenders active in the market
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