Montenegrin company Briv Construction has allocated €41 mln for the reconstruction of the former Teuta Hotel, transforming it into the Mövenpick Teuta Kotor Bay.
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Hotel Investment Partners (HIP) has opened its first hotel on Spain's Costa del Sol under the brand Mett, managed by Dubai-based Sunset Hospitality Group (SGH).
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Falkensteiner Michaeler Tourism Group (FMTG) is investing €140 mln in the Falkensteiner Park Resort Lake Garda project in Salò, Italy.
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Swedish hotel property company Pandox AB has bought the Hilton Belfast in central Belfast, UK, from an affiliate of Starwood Capital Group for £40 mln (€46 mln).
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The London borough of Tower Hamlets has given permission for the development of a state-of-the-art commercial health and life sciences building at the North Quay site, adjacent to the Crossrail Station and new Elizabeth Line at Canary Wharf, London.
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Short-stay apartment operator Bob W is making further inroads into the European short-term rental market with the opening of its first properties in Greece.
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Nordic student house developer Studentbostäder i Norden (SBS) has signed a non-binding letter of intent for the sale of a SEK 2.1 bn (€182 mln) property portfolio.
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Transactional activity in the Irish hotel sector picked up in the second quarter of the year following a slow Q1, according to new data from CBRE Ireland.
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Nordic community builder Peab has won a SEK 346 mln (€29 mln) turnkey contract from AB Stångåstaden for the Jägarsoldaten 1 mixed-use property in the new city borough of Djurgården, Linköping.
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Following an exclusivity agreement signed in March, Primonial REIM has managed to close the first phase of the acquisition of 64% of Icade's stake in Icade Santé for €1.4 bn.
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Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 47,000 m2 site in Altusried in the Allgäu region of Germany.
