Innkeepers USA Trust, a US hotel REIT, has announced it is to be bought by Apollo Investment in a deal valued at $1.5bn (£755m). The Times
Apollo is to pay $17.75 a share in cash and take on Innkeepers’ debt.
A number of leading property agencies have reopened their offices, with others preparing to do so in the coming days.
Premier Inn owner Whitbread has secured planning permission to rebuild its Cribbs Causeway property after a fire in July 2019 damaged the 177-bedroom hotel and restaurant.
UK industrial take-up for 2020 could slump by as much as 47% compared to 2019 if business circumstances are not back to normal by the end of the year.
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