The future of sale-and-leaseback (S&LB) deals is safe despite new international lease accounting changes, according to CBRE, which predicts S&LB will survive and continue to offer major benefits to many corporate occupiers.
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.
