A subsidiary of Europe-focused PPHE Hotel Group has purchased the remaining 50% share in a hotel development site in Hoxton, London, for £35 mln (€40 mln) from the Reuben brothers, joint venture partners in the scheme.
Opportunistic investors KKR and Baupost confirmed the acquisition of a portfolio of 33 Marriott International hotels across the UK from ADIA, while listed property group Covivio completed the purchase of 43 hotel properties in France, Belgium and Germany, in a €800 mln swap deal with AccorInvest.
