Pandox, Eiendomsspar bid €1.27 billion to buy Ireland’s Dalata Hotel GroupA little more than two months since Irish hotel firm Dalata said it was investigating routes to adding value, including a possible sale, the first serious contenders have entered the ring, with Scandinavian duo Pandox AB and Eiendomsspar proposing a €1.3 billion acquisition.
CoStar World News for May 29Hong Kong’s hotels post mixed performance; UK property industry looks for development recovery; French financing rates stabilize as deals rebound
Hotel deals haven't taken off this year as previously expected due to economic uncertainty driving would-be buyers to pull back, which is affecting the bid-ask spread along with stressed sellers motivated to sell.
Hotel deals haven't taken off this year as previously expected due to economic uncertainty driving would-be buyers to pull back, which is affecting the bid-ask spread along with stressed sellers motivated to sell.