Regions International
W Hotels Debuts in Europe with W Istanbul
May 6, 2008

W Hotels Worldwide will mark its entry into Europe today with the grand opening of W Istanbul. Owned by Akaretler Otel Isletmeciligi ve Turizm A.S., W Istanbul features 134  guest rooms, including 26 suites, Chef Jean-Georges Vongerichten’s Spice Market restaurant, and a signature spa. Located in the Besiktas district of Istanbul the property is in close proximity to the Bosphorus Strait and Nisantasi, the SoHo of Istanbul. The project complex in which W Istanbul is located also includes a retail component.



 
Recent International Headlines
H&R Sells 11 in Canada
H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on sale.
7CI Unveils Raffles Resort, Praslin Island at Raffles Dubai
7CI, the global investment specialist, is unveiling Raffles Estates on Praslin Island, Seychelles in Raffles Dubai. The Raffles Estate, Seychelles is located on the northeast tip of Praslin Island.
CBRE Wins Leasing Role For Polish Shopping Center
CB Richard Ellis Inc. has won the role of sole leasing agent for the Galeria Victoria shopping center in Walbrzych, Poland, its developer, Keen Property Partners, has reported.
Work Beginning at $1.5B Gaming Resort in Kazakhstan
After a year of planning, work on a seven-phase, $1.5 billion hotel, casino and recreational complex at a 2,500-acre resort area in Kazakhstan is getting under way with the first part of the project due to come online in about two years.
Credit Suisse Sells $1B Property Loans to GE
GE Real Estate bought a $1 billion portfolio of 10 loans from Credit Suisse, Reuters reported. The properties are located in Germany, Switzerland, Spain and Britain.