The Company purchased from the current owner the entire equity capital of two entities that together own Castello di Casole, one of the largest private real estate properties in Tuscany. The purchase price, including transaction costs, is approximately 39 million ($48 million) with a possible further 2.85 million ($3.5 million) payable contingent upon certain real estate sales being realized.
Groupe ADP and AccorHotels have signed two building leases, one for the renovation of the current Mercure hotel and one for the construction of a new ibis Styles hotel at Paris-Orly Airport.
Hilton (NYSE: HLT) yesterday announced the signing of a franchise agreement with H.n.h. Hotels & Resorts S.p.a. to open DoubleTree by Hilton Rome Monti, the city's first under the DoubleTree by Hilton brand.
Led by an expert in asset management and business development, Laia Lahoz, who has been named NH Hotel Group's Chief Assets and Development Officer, the new team also incorporates Luis Arsuaga, renowned in the hotel transaction segment, as new Senior Vice-President of Development who will be in charge of the Group's expansion.