Topic: Mediterranean Investment
On the Beach Group said that there was “an unprecedented opportunity to take market share in the beach travel market” following collapse of TCG.
Radisson Hotel Group is planning to open three more hotels in Turkey this year, with two in Istanbul and one in İzmir.
CVC Capital Partners is to buy the Greek, Croatian and the UAE businesses of D-Marin, an operator of marinas in the Mediterranean and UAE.
Orfanos will moderate a panel during the Mediterranean Resort & Hotel Real Estate Forum sponsored by Questex, parent company of Hotel Management.
Alcide Leali of Lefay Resorts shares his insights on how to manage a wellness-focused hotel.
Helena Murano, director of tourism at Barcelona-based CaixaBank, says that lenders have a healthy appetite for hotels in the region.
The partnership follows a similar alliance between the companies that began in 2011 when the two established a similar model to open three resorts in the Dominican Republic.
Investors in the Mediterranean region should renovate existing hotels rather than develop new sites, insiders at IHIF said.
Catalonia's want for independence has not yet tripped up Spain's economy, but there is mounting concern that the country's economic resurgence could still be disrupted.
Martin Ratchford, finance director for the hotel fund at Thomas Cook Group, said that his company is opening new hotels in Greece and Croatia.