More alpine sales are taking place at lower price points as the resilience of the ultra-prime markets start to ripple down the market price ladder.
According to the European Cities Hotel Forecast for 2014 from PwC, London's hotel sector is set to lead the European hospitality marketplace.
The Fairmont St. Andrews Hotel and Golf Resort based in Scotland has been sold for approximately £32.4m.
The European hotel development pipeline comprises 925 hotels totaling 149,866 rooms.
Irish hotel operator Dalata has raised €265 million ($369 million) from an initial public offering, higher that the company's target.
The total European hotel transaction volume in 2013 reached the market's highest point since 2007.
For its tenth year as a standalone company, InterContinental Hotels Group announced a 10 percent annual profit in 2013. The Denham, England-based company said operating profit before exceptional items and tax reached $668 million in 2013.
Meliá Hotels International will open its first location in Austria, in the country's tallest skyscraper. The Meliá Vienna will take up 17 of the 58 floors in the 722-foot-tall DC Tower I, according to a company announcement.
U.S. billionaire Donald Trump has purchased a golf resort in County Clare, Ireland, marking the first Trump Hotel Collection property in Ireland. The property mogul's organization completed the purchase of the oceanfront Doonbeg Golf Club.
Hotel transaction volumes in Europe, Middle East and Africa increased by 17 percent in 2013 to $13.2 billion, led by the core markets of U.K., France and Germany. In 2014, hotel transactions are expected to grow by more than 20 percent to $16 billion.
The first berths at Marina Port Vell, Barcelona's new super yacht marina, are due to be delivered this spring according to owners Salamanca Group. By the end of 2014 Port Vell should provide 167 fully serviced berths and be Europe's first city centre super yacht marina.
U.S.-based private equity firm NCH Capital Inc. gained permission from the Greek government to build a resort on the island of Corfu, Bloomberg reports. The firm will spend 23 million euros ($32 million) for the leasehold and invest approximately 75 million euros.