Singapore-based serviced residences group The Ascott Limited is acquiring the Cavendish Hotel in London for £158.8 mln (EUR 200 mln). Ascott said it will transform the 230-room hotel in a luxurious serviced residence under the premier Ascott The Residence brand when it takes over management of the asset in the fourth quarter of 2012.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
