Hotels & leisure news
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The London Eye to remain on South Bank as permanent fixture
The decision was made during a council Planning Applications Committee meeting earlier this week.
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Landsec sells hotel portfolio to Ares for £400m
The 21-asset Novotel and Ibis hotel portfolio is fully let to AccorInvest.
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Revolution Bars Group starts takeover talks with potential buyers
The group has decided a formal sales process could deliver a “better outcome for stakeholders” than a mooted restructuring.
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Godwin Developments gets green light for Wisbech Gateway scheme
The scheme will include 60,000 sq ft of industrial space, a hotel and petrol station.
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KKR and Amante Capital acquire 132-bed central London hotel in debut deal
Buyers plan to refurbish and relaunch the property as a Marriott-run boutique hotel.
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Heineken to invest £39m reopening pubs and refurbishing portfolio
The company will acquire 62 “long-term closed locals” this year, building on its 2,400-pub estate.
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Southern Grove to keep PBSA portfolio and launch own hotel brand
The developer seeks to retain and grow Future Generation and to enter a new sector.
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Ebbsfleet United secures greenlight on new stadium and 3,500 homes
The 50-acre Kent scheme by the River Thames is connected to Northfleet’s harbour and will include 3,500 homes.
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Industry heavyweights Hyman and Hopkins target £500m listing for new investment group
Industry veterans including Primary Health Properties founder Harry Hyman and former Workspace head Jamie Hopkins launch venture.
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The Crown Estate secures Sael and Claro West End restaurant deals
Sael will open at 1 Carlton Street while Claro will take 12 Waterloo Place.
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RICS unveils Great George Street HQ revamp with new members’ lounge and bar
The planned RICS members’ lounge will include meeting rooms and workspaces.
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Premier Inn owner Whitbread to close loss-making restaurants and expand hotel business
Whitbread plans to sell 126 branded restaurants over the next 24 months and convert 112 into hotel rooms.
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Punch Pubs swoops for 24-site Milton Three portfolio as it eyes further expansion
The acquisition takes Punch Pubs’ portfolio to 1,300 properties.
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The Gym Group appoints Savills to advise on 50-site expansion plan
The operator is looking for urban spaces from 10,000 sq ft to 20,000 sq ft.
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Escape room firm signs for Gateshead’s Metrocentre
The Escapologist will occupy a 4,367 sq ft space in Metrocentre’s Lower Yellow Mall.
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Students are part of the magic mix
Editor: Your recent ‘Solving the student housing shortfall’ roundtable raised some interesting points, with Greystar’s Michela Hancock saying “mixed tenure should be encouraged”.
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PPHE Hotel Group reports 11.9% leap in Q1 revenue spurred by higher demand
The firm’s Q1 trading updated also reported that its £300m development pipeline is nearing completion.
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Tech helps to put occupiers first
The pandemic and the rise of digital management have turbocharged a ‘hotelification’ of real estate.
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Apex Hotels snaps up 13th-century rural Scottish hotel
The hotel is Apex’s 10th location as the brand diversifies its portfolio with rural sites.
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Irish golf and country club up for sale
Agent CBRE is confident of achieving a price in the region of €35m (£30.1m).