Keyword: Colliers International
A report on business rates in the U.K. described the system as “broken” and called for the government to be “creative” in looking at other options.
The property is located a little over 30 miles northwest of Santa Fe, N.M., and less than 2 miles from the Los Alamos Airport.
The fund is investing into a $300 million hotel portfolio established by the Russell Group and private investment company Lockwood Property Group.
Capitalizing on a tourist boom, global investment interest in the island country among key factors moving the needle on the 236-room resort.
Alexandria reported a 10 percent growth in occupancy and 27 percent growth in average daily rate for Q1.
Colliers expects major Egyptian markets to see an average year-over-year RevPAR growth of 13 percent for 2019.
More than 40 new hotels have been built across Australia during the past three years, and an additional 272 new hotels are in the pipeline.
Occupancy in Cairo and Giza grew 11 percent last year, and resorts in Hurghada and Sharm El Sheikh are set for RevPAR growth of 13 percent and 12 percent, respectively.
Hotel occupancy in Alexandria, Egypt, reached 98 percent over the New Year's holiday.
As the country emerges from its recent challenges, nations and private businesses alike are eyeing investment opportunities for the coming months.