Hotels & leisure news
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News
RICS launches consultation on valuation of licensed premises
The institution published its last ’Valuation of Licensed Leisure Property including Public Houses, Bars, Nightclubs and Restaurants’ in 2010.
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Travelodge to grow new hotel openings after identifying 300 target locations
The budget hotel operator expects openings to return to more normal levels of development as market conditions improve.
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Planning policy holding back Westminster development, report finds
The Delivering Good Growth in Westminster report claims an additional 14m sq ft of commercial space could be delivered.
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Plans for £35m refurbishment of The Caledonian hotel unveiled
The project will expand the Waldorf Astoria Edinburgh to more than 300 rooms.
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London hotel development site valued at £250m up for sale
Savills and Cushman & Wakefield have been jointly appointed to conduct the sale.
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Jacob Rees-Mogg’s childhood mansion up for sale
Ston Easton Park Estate ceased trading as a hotel in 2021.
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Northampton shopping centre to be transformed into entertainment hub
The project to redevelop the Market Walk Shopping Centre site will cost over £12m.
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Alder King partner Stretton takes board advisory role at Soul Padel
The UK padel operator, Soul Padel has appointed partner and head of investment at Alder King, Oliver Stretton will be a board adviser for the business.
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Aprirose agrees ground rent acquisition on trio of hotels
The company has acquired the ground rents of Oulton Hall in Leeds, Slaley Hall in Northumberland and Crewe Hall in Cheshire from Lloyds Pension Fund.
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Rocket Padel to open courts at Battersea Power Station
The racket game is “the world’s fastest-growing sport”.
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Schroders Capital secures £100m for UK Operating Hotels launch
The Schroders Capital UK Operating Hotels strategy will extend the firm’s presence in the UK market.
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Liverpool’s Lock & Key Hotel on sale for more than £3m
The Sunday Times’ Top 100 British Hotels.
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Price Bailey data reveals pub closures at highest point in over a decade
The number of UK pubs fell from 41,015 to 38,175 in the 10 years to the end of 2023, recently released data shows.
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The Gym Group targets 50 new sites over next three years
The firm announced its new strategy as it reported full-year figures for 2023.
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A&o Hostels seeks office and retail properties for £427.5m expansion drive
The UK in included as firm seeks wide range of properties for pan-European expansion plan.
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Westminster rejects Criterion’s Pimlico hotel conversion to prevent loss of office space
The plans were put forward by Eccleston Square London, an investment vehicle for Asif Aziz’s Criterion Capital.
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Rapidly-growing NUMA Group enters UK hotels market with London acquisition
NUMA Group is now present in 15 European countries and 33 European cities with more than 5,850 hotel rooms.
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Savills appointed to market The Virgin Hotel Glasgow
The 165-room hotel closed just four months after opening last August.
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Network Rail and Lambeth Council unveil plans to transform Waterloo Station
Third-busiest UK transport hub to be remodelled to include new concourses with retail, leisure and office space.
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GLA seeks development partner for 4.3m sq ft Royal Albert Dock scheme
Around £5bn of investment is planned for the east London area over the next 20 years.