International
Hard Rock Unveils $2.3B European Resort Plans
Set to be one of the largest such destinations on the continent, the development will house a combination of hotel, convention, entertainment, dining and shopping areas across eight million square feet.
Ashkenazy Buys Iconic London Hotel
The sale of The Grosvenor House represents the most significant single-asset hotel deal in U.K. history and reflects the new owner’s plans to expand its global footprint.
Shanska Sells Oslo Office Building Shares
Entra purchased Skanska’s 50 percent shares in a 103,000-square-foot office building in Oslo, Norway. The property changed hands for roughly $95 million.
Prologis to Buy Out Brazilian JV Partner for $362M
Upon closing, during the second half of the year, the company will own a full interest in 20 industrial properties, with an average occupancy of 90 percent.
W Hotels Expands Asia Footprint
W Hotels Worldwide continues its global growth with the opening of W Shanghai – The Bund, a 374-key hotel situated in the heart of Shanghai. Sinar Mas Group owns the asset.
Fairmont Hotels Expands in Saint Lucia
Fairmont continues to expand globally, with a 120-key hotel planned for the southwest coast of Saint Lucia. The project is slated for completion in 2019.
Mandarin Oriental to Open First Property in Australia Tower
The hotel and residences will be located in a $227 million, mixed-use tower designed by Zaha Hadid Architects, in Melbourne. The property will feature 196 keys and 148 luxury apartments.
Skanska Plans $84M Hotel in Stockholm
The 503-key hotel will be adjacent to the Arlanda Airport in Stockholm, Sweden. The company will kick off construction in August and the property is expected to come online by the end of 2019.
Starlight Acquires Two Office Buildings in Canada
The company entered a joint venture with a European investor to purchase two value-add buildings in Mississauga, Ont., totaling 200,000 square feet.
World’s First Panda-Shaped Solar Farm Begins Operations
The 50-megawatt solar farm is the first phase of a 100-megawatt solar facility and was recently connected to the grid.