CoStar World News for July 3Singapore gets first Raffles hotel since 1887; UK defense spending hike could boost industrial demand; Blackstone ramps up French investments
Largest hotel deal in Spanish history, Mare Nostrum Resort Tenerife sells for €430 millionIn the largest single-asset hotel deal in Spanish history, local owner Spring Hotels Group has acquired the 1,037-room Mare Nostrum Resort Tenerife from Brookfield Asset Management. The deal catapults Spain’s 2021 half-year transactions volume to 10% above the same period last year.