Spanish property group Inmobiliaria Colonial has acquired an additional 13.3% stake in local peer Axiare Patrimonio and launched a bid for the remaining 71.4% of the shares in a transaction valued at €1.2 bn.
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.
