Hospitality

Proprium sells stakes in Motel One for €1.25bn

Proprium has exited its 35% stake in the European hotel business to its co-owner, 17 years after making its original investment.

London’s BT Tower to swap telecoms for tourism

US hotel owner-operator MCR Hotels has agreed to purchase the telecommunications tower from BT Group for a reported £275m.

Real estate investors are unfazed by Japan’s historic rate hike

However, investor preferences and strategies have been changing as the country’s negative interest rate era comes to an end.

Selling the legacy of Hollywood’s Golden Age

Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.

Noble hires Fifth Wall’s head of capital formation for new role

Angela Johnson will focus on cultivating new investment opportunities emerging in the US hospitality sector.

Blackstone is ready to talk about its Embassy REIT exit

With support from some of India’s biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.

Deep Dive: Why 2024 looks bright for the sector-specialists

While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.

KSL Capital Partners on why the leisure travel sector holds elasticity

Uncertainty slowed transactions, says KSL Capital Partners’ chief executive and co-founder Eric Resnick, but the leisure travel sector was open to those with dry powder.

Pro-invest launches co-living platform in Australia

The firm will focus on converting existing hospitality assets into co-living properties in the country through a value-add strategy.

DOWNLOAD: Investor appetite for private real estate remains robust for 2024

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.