Carlson Rezidor Hotel Group has announced that its Park Inn by Radisson Amsterdam development in the Netherlands has a new owner. A European-Israeli investor group has acquired the building from the German Europe 1 Fund for an undisclosed sum. The 478-room hotel is being developed in a former office complex and construction is due to start this month. The hotel, which will be part of a mixed-use scheme also containing retail and entertainment facilities, is scheduled to open in 2016. “This transaction reflects our pro-active and collaborative approach with our partners and business stakeholders…By providing investment opportunities and business solutions, we endeavour to add value and mitigate risks to all parties involved,” commented Elie Younes, Sr. Vice President and head of group development at Rezidor, and HVS alumnus.
HVS EMEA HOSPITALITY NEWSLETTER.