The purchase price was not disclosed. However, we already know that it was the largest deal in the hotel market Frankfurt in 2015.
JLL acted as Advisor Kildare European Partners in the transaction for the sale of Le Méridien Parkhotel Frankfurt for 297 rooms German real estate investor Invest Real Estate Art.
The prestigious Le Méridien Parkhotel Frankfurt, which opened in 1905 and extended in 1970, now has 297 rooms of different categories, a restaurant, bar, conference facilities, fitness, Spa area and Parking. The facility is located in immediate proximity from the main train station of Frankfurt and the river main; easy access to business and exhibition centers of the city and the airport. Continue reading
Dubai’s conglomerate Dubai World has sold and Emirati state Fund Investment Corp of Dubai (ICD) has acquired Dubai’s iconic Atlantis the Palm. located on the Crescent of alluvial miracle of the Palm Jumeirah.
The amount of the transaction that was saved for the asset the Dubai conglomerate Dubai World, were not disclosed.
Since 2008 the hotel was owned by a subsidiary of the conglomerate Dubai’s – Istithmar World and Kerzner International company. With the latter he came under the full control of in 2012. It should be noted that the ICD is owned by Emirates airline, one of the main developers Emaar Properties and Emirates NBD Bank. “Our acquisition of The Atlantis The Palm hotel. one of the main tourist attractions of Dubai, fits into our strategy to support long-term development and sustainable growth of Dubai,” said Khalifa al Dabous, Deputy Chairman of the ICD.
A five-star resort Atlantis The Palm is situated on its own 800-metre beach island palm Jumeirah in Dubai. From its Windows offer stunning views of the Arabian Gulf. It features an underwater aquarium, Dolphin swim, as well as a large aquapark. Continue reading
The hotel is located in a historic XIV century, previously owned by the family of the rulers of Verona Scaligeri. In recent years, was carried out an intensive renovation of the building, which were renovated and refurbished rooms and other rooms. With distinctive style and sophisticated elegance, the hotel enjoys a deserved international fame due to the good service and the beauty of the interior. As it was for centuries, the hotel Due Torri Hotel Baglioni continues to serve as a second home for many well-known figures of culture, politics, art.
In 1674 the building was first used as a house for guests, and in 1882 was established here at Grand Hotel Imperiale. In my time here lived such famous people as Mozart, Goethe, the Austrian Archduke Maximilian, king of Naples Ferdinand IV, king of Spain, Charles IV, the Emperor of Austria Franz I, Giuseppe Garibaldi. There were important historical events: the coronation for the French throne who was in exile of Louis XVII, Vilafrancada the signing of the peace Treaty between Napoleon III and king Victor-Emmanuel II, Archduke Ranieri of Austria and the Marshal was about to fall. Continue reading