Thursday, 5 January 2017

COLLIERS INTERNATIONAL UK ACQUIRES MARKET LEADING HOSPITALITY ASSET MANAGEMENT FIRM

 TORONTO, Jan 5 (Bernama-GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI), a global leader in commercial real estate services, today announced the acquisition of Vision Asset Management Co. (“Vision”), one of Europe’s leading hospitality asset management companies. The business will be rebranded as Colliers International and integrated into the existing Hotel Property Services operation increasing its scale and capabilities throughout the UK. The details of the transaction were not disclosed.

Founded in 2001, Vision provides a complete range of asset management advisory and consultancy services in the hospitality sector. The firm advises clients in the UK and across EMEA and has managed more than 100 assets that range from individual properties to larger portfolios. Colliers’ combined Hotels Property Services team will now total more than 35 professionals offering agency, valuation advisory, as well as asset management services. Marc Finney Colliers’ Head of Hotels & Resorts Consulting will lead the team working with new directors Ben Godon and Allan Davidson.

http://mrem.bernama.com/viewsm.php?idm=28228

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