InterContinental Hotels Group (IHG) said on Thursday it had signed a deal with Turkish property investor ORA Istanbul Real Estate Investment and Development to open two new hotels in Istanbul, one of which will be Turkey's first Holiday Inn Express. The deal will take the total number of IHG hotels in the country to 11, with seven in Istanbul.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
