International
Blackstone to Buy Stake in $630M UK Firm
BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.
Hines, Henderson Park Enter Hotel Market in Greece
The joint venture paid $37 million to acquire Athens Ledra Hotel, an eight-story, 315-key property at 115 Syngrou Ave. in central Athens.
Hilton Garden Inn Grows With 4 More Hotels
The new lodging destinations, with opening dates in May and June, will add more than 600 guestrooms to the brand’s portfolio in Florida, Michigan, Pennsylvania and New York.
Delta Hotels Unveils Bold Strategy
Marriott International is planning to double the Canadian hospitality brand’s footprint with the opening of new properties in the U.S. and Asia over the next two years.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.
CBRE to Buy Majority Stake in Caledon
Caledon manages some $7 billion of assets for institutional investors through a combination of direct investments and primary funds. Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions.
Foster + Partners Opens Dubai Office
With projects like the Index and two new Apple stores, the company’s new office will provide a regional base for the practice to serve clients in the UAE.
Skanska Invests $49M in Sweden Office Project
Construction is set to start in the second quarter of 2017 and completion of Epic is slotted for the third quarter of 2019.
Hyatt Advances Global Growth Spurt
The chain plans to open in excess of 50 hotels under the Hyatt Place and Hyatt House brands this year, substantially bolstering a worldwide portfolio that consists of about 350 properties and 200 cities.
Hilton Adds Global Head of Full-Service Brands
Prior to joining the company, David Marr worked for Starwood, being responsible for revitalization efforts for the Sheraton flag, as well as for the launch of Tribute Portfolio.