International investment giant Hines has acquired Out of The Blue Capsis Elite Resort in Crete’s Agia Pelagia for €125.2 million.
Greece is now among the top 10 European countries attracting the interest of investors seeking to tap into the hospitality market, according to a survey released last week by property brokers Tranio.
Langham Hospitality Group says they intend to acquire hotels in Miami, New York, San Francisco, and and other cities internationally. The Hong Kong based company announced they have set aside up to $1.5 billion for the expansions.
News from the Russia & CIS Hotel Investment Conference (RHIC) taking place October 21st – 23rd at the Radisson Blu Resort & Congress Hotel in Sochi, Russia, also heralds the coming of the much anticipated 2014 Olympic Winter Games there. The news from Bench Events and Questex Media Group LLC, the co-organizers of the event, promises yet another premier hotel investment event.
Not so many people in the world of business in India know of a man named Ratan Tata, but for entrepreneurial spirit, they certainly should. News today about his Tata Group and his Indian Hotels Co. Ltd., reveal one reason Tata has been so successful. News of an Orient-Express acquisition bid signal a bell ringing play by the famous businessman.