International
Wyndham Closes $1.3B Sale of European Vacation Business
Private equity firm Platinum Equity acquired the concern, which is the largest manager of holiday rentals in the region. The deal comprises more than 110,000 units in 25 countries.
Multiplex to Build Major Sydney Office Tower
Winten Property Group selected the Sydney-based contractor to develop a 640,000-square-foot building within the North Sydney CBD. The project is scheduled for completion in 2020.
Blackstone Sells Iconic London Office for $335M
The 286,600-square-foot Cannon Bridge House property, consisting of two linked buildings atop a rail station, has changed owners after a successful renovation and repositioning.
JV Makes Oceanfront Resort Purchase in Mexico
Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP teamed up to acquire the 375-key Hilton Los Cabos Beach & Golf Resort.
Skanska Sells Romanian Office Asset
Campus 6.1 is the first phase of a four-building office development in Bucharest. CA Immo purchased the property for $60 million.
Marriott International Debuts in Mali
Close to the Modibo Keita International Airport, the hotel features 27 Sheraton Club rooms and 32 suites. The opening of Sheraton Bamako Hotel marks Marriott’s first property opened in Mali.
New World Plans $2.5B Mixed-Use Project in Hong Kong
The property will encompass 3.8 million square feet of retail, entertainment and office accommodations at Skycity, a 60-acre commercial development at Hong Kong International Airport.
Thor Equities, Meyer Bergman to Sell London Retail Asset for $407M
Considered a landmark since its completion in 1819 as Britain’s first shopping arcade, Burlington Arcade features 37,000 square feet of space and attracts more than 4 million visitors a year.
First Rule in Investment: Don’t Fall in Love With an Asset
Jeff Holzmann, managing director of iintoo, lays out the basics when it comes to international investment and offers a glimpse of what the business will look like in the future.
Starwood Capital Group to Sell 14 UK Hotels for $1B
Foncière des Régions will acquire the 2,638-key portfolio, which consists of four- and five-star properties in major cities in England, Scotland and Wales.