US hotel group Hyatt will buy Apple Leisure Group for $2.7bn (£1.9bn), vastly increasing its share of the luxury resorts market.
To pay for the deal Hyatt said it will add $2bn of assets to an existing programme of hotel real estate sales.
Hyatt aims to generate 80% of its revenue from management fees, as opposed to owning and leasing hotels, by 2024.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
