Park Plaza Hotels, the AIM-listed owner and operator of four-star hotels in Europe and the Middle East, said it has reached a joint venture agreement with Aldersgate Limited, the property vehicle of the Reuben Brothers, to develop a new apart-hotel under the 'art'otel' brand in London’s trendy Hoxton neighbourhood. Park Plaza said a planning application should be submitted later this year.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
