The hospitality arm of Far East Orchard Limited, Far East Hospitality has announced having acquired 50% interests in a portfolio of property companies that own 4 Europe hotels.
Last week an all new boutique stay opened up in Berlin. Das Stue in the Tiergarten neighborhood, is an 80 room luxury affair just perfect as a home away from home while visiting Germany’s capital.
For those of you out there wanting to squeeze the most out of Fall vacation plans recent stats from Hotwire’s Travel Savings Indicator show 20 of Europe’s most popular destinations as spectacular deals. Hotel price drops across Europe range from 7% to 37% compared to a year ago, with some price cuts in excess of 50% year on year. If you ever wanted to visit Europe, there may never have been a better time.
Internos Real Investors is reportedly raising between €200 million and €250 million for their first hotel fund for selected European countries. According to the news, the company is targeting mid-market hotel projects in Germany, France, and in the Netherlands.