Hospitality

Historic Manhattan hotel with checkered past changes hands

Acquired in August by the Qatar Investment Authority, the Park Lane Hotel in New York was once embroiled in an embezzlement scandal.

Climate risk ushers in a new science for real estate investing

As more managers integrate transition and physical risk into their market analysis, the implications for capital flows should be substantial.

Fitwel certification launched to standardize real estate’s social impact

The Certified Metrics tool, which is being piloted by managers including PGIM Real Estate, will be the first to benchmark the ‘S’ in ESG.

AEW estimates the cost of climate-related transition to European real estate

The investment manager believes the impact on returns of energy-efficiency upgrades will be more ‘manageable’ than previously feared.

Real estate investors unfazed about potential rate hike in Japan

But those deploying capital in the country would still benefit from risk mitigation, members heard at the PERE Network Tokyo Forum 2023.

Germany teeters on the edge of significant distress

Historical trading activity and higher-than-average investor allocations have brewed a ‘perfect storm’ in the country’s real estate market.

Meridia targets €400m for its largest value-added fund

The Barcelona-headquartered has already completed a first closing and outlays for the fifth in its value-add fund series.

The historic Scottish hotel getting a makeover by Henderson Park

Henderson Park Capital Partners acquired the Waldorf Astoria Edinburgh – The Caledonian for £85m in July, the biggest UK hotel deal this year. The iconic hotel’s guests have included Queen Elizabeth II, President Barack Obama and Charlie Chaplin.

Crosstree raises the largest UK-focused fund of the year

The London-based manager makes both equity and debt investments out of its special situations fund series.

Income Analytics: Rising bankruptcy levels put income at risk

At a time of dislocation in the capital markets, landlords should be focused on identifying tenants that have a higher probability of default, says Simon Mallinson, chief operating officer at Income Analytics.