The profitability of London chain hotels fell by 16.9% in February, according to the latest HotStats survey by TRI Hospitality Consulting. London hotels generated daily profit - expressed as income before fixed charges (IBFC) - of £47.75 per available room compared to £57.46 the same month a year earlier.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
