International
Avison Young Expands in Eastern Europe
This is the Canadian company’s first office in Romania, tenth in Europe and 80th globally. David Canta, managing director & principal, will lead local efforts.
IHG to Open Second Holiday Inn Express in Melbourne
IHG and its partner Pro-Invest announced plans for a new 299-key hotel, marking the second Holiday Inn Express in Melbourne. Holiday Inn Express Melbourne Little Collins is slated to open in 2020.
JV to Acquire and Manage Intertur Hotels
The joint venture aims to reposition and modernize the portfolio of 1,119 guestrooms through an investment program. Alua will manage the hotels and market them under its brand in 2018.
Massive 600MW Offshore Wind Farm Opens in North Sea
The Gemini Offshore Wind Park is a collaboration between Northland Power, Siemens Wind Power, Van Oord and HVC. It has a generating capacity of 600 megawatts and will power 785,000 households.
IHG Names New CEO
Upon joining the company in 2000, Keith Barr has held numerous positions across the Americas, Asia, Middle East and Africa, and Greater China regions.
Comfort Targets Ambitious Growth in 2017
The brand, owned by Choice Hotels International, is planning to expand with the opening of 56 properties all around the country.
Gramercy Europe, AXA Trade $1.1B Portfolio
The industrial, retail and office assets are primarily located in Germany and the Netherlands, with smaller footprints in France, Poland and the United Kingdom.
Equinix Wraps Up $3.6B Data Center Deal
The company now owns more than 175 International Business Exchange assets totaling roughly 17 million square feet across 44 markets in the Americas, EMEA and Asia-Pacific.
Mitsubishi Affiliate Launches First US Development Fund
Diamond Realty will use a total equity of $51 million to finance two multifamily projects in Texas and Colorado, as well as a logistics building in California.
New JV Plans $870M Hotel Complex in Dubai
Schon Properties and Al Hamad Group are developing iSuites, a mixed-use project featuring a 2,550-key hotel, to support the Dubai government’s goal of attracting 20 million visitors to the city by 2020.