International
Cross-Border Buyer for Carlson Hotels
Carlson Hospitality just revealed that it has signed on the dotted line to sell Carlson Hotels to this Beijing-based global conglomerate.
Scandic Hotels Takes Over Hotel in Finland, Plans Expansion
Scandic Hotels will open a new hotel in Vaasa, the largest economic center in Finland’s Österbotten region.
Spacer, Costockage Team Up to Expand Services in Asia
Australia’s “Airbnb of storage,’’ Spacer, and European firm Costockage will jointly launch their business in Asia’s growing self-storage market.
Malaysia’s Tallest Tower Project Launches Under New Name
The 118-story tower is part of a 19-acre, multi-phase development set between some of Kuala Lumpur’s iconic historical landmarks.
Economic Headwinds and Canadian REITs
By Salmaan Alvi, Partner, BDO Canada: The impact of economic and other trends on Canadian REITs.
Sheraton Centre Toronto Hotel Completes $120M Renovation
The 1,372-key hotel underwent a full makeover of its guestrooms and meeting space.
MSCI: Big Year for Global Property Funds
The latest IPD Global Quarterly Property Fund Index measured an increase to 13.5 percent in fourth quarter 2015, the highest since 2011.
Third Trump Property to Open in India
The Trump Organization is teaming up with IREO and Foster + Partners to develop a luxury office tower in Gurgaon, India.
Ritz-Carlton Enters Hungary Market
The 200-key luxury hotel has opened its doors to guests in Budapest.
JLL to Market 48-Asset Portfolio for Swedish Investment Fund
JLL has been retained by Sweden’s largest pension fund to market a global office, retail, multifamily and industrial portfolio.