CapitaLand Ascott Trust (CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, United States of America (USA). The earnings before interest, taxes, depreciation and amortisation (EBITDA) yield on total development cost is expected to be approximately 7%. This is higher than the 6.2% EBITDA yield that was projected in 2021 on the basis that the property has achieved stable performance. The acquisition is funded by proceeds from CLAS’ earlier divestments.
Residence Inn by Marriott debuts in Colombia
The new longer stay property features 131 suites in the city center, inspiring connectivity with the comforts of home.
Sofitel Calablanca: Accor brings a new level of luxury to Barú
Opening in 2021, Sofitel Calablanca will be the largest luxury hotel on the island, blending a touch of modern French elegance with the very best of Barú;s local culture.
Laureles Suites opens in Columbia
International real estate and investment company debuts uniquely furnished ultra-modern apartments with access to parks, dining and nightlife, and remarkably affordable rates for visitors of Medellín, the city of eternal spring
Booking.com sustainable tourism grant recipients announced
Digital travel platform Booking.com announced the sustainable tourism startups receiving scaling grants as part of its 2019 Booking Booster accelerator program.
Exe Cites Reforma and Exe Santafé Boutique Hotel join Grupo Hotusa
Grupo Hotusa aims to continue growth in Latin America, opening the Eurostars Bacatá 5* macro-project with 323 rooms in 2016.
First Holiday Inn opens in Cúcuta, Colombia
The new build, 98-room hotel is IHG’s first property in the city of Cúcuta and the fourth Holiday Inn hotel in Colombia.
New Hampton Inn by Hilton Opens in Yopal, Columbia
The new 100-room hotel offers amenities such as a business center, a meeting room for up to 50 people, and an 8th floor terrace with fitness center and a whirlpool tub.
Four Seasons announces plans to open two Bogota hotels
The historic Hotel Casa Medina Bogota will re-open as Four Seasons Hotel Casa Medina Bogota and the Hotel Charleston Bogota will welcome guests as Four Seasons Hotel Bogota.
