Hotels & leisure news
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NewsTherme appoints UK CEO as £250m Manchester development gets approval
Therme Group has appointed Professor David Russell as its first UK chief executive after receiving planning approval for the UK’s first city-based wellbeing resort in Manchester.
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NewsCost of housing migrants in hotels reaches £8m a day
The cost of housing asylum seekers in hotels has hit £8m a day, according to the latest Home Office figures, totalling nearly £3bn a year.
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OnlineWetherspoons places another round of pubs up for sale
JD Wetherspoon has placed another 11 pubs up for sale, appointing CBRE and Savills as joint agents.
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OnlineDalata makes first hotel acquisition in the Netherlands
Dalata Hotel Group has struck its first deal in the Netherlands and second in mainland Europe with the acquisition of a hotel in Amsterdam.
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NewsYoo Capital plans to restore West End theatre for Cirque du Soleil
Real estate investment firm Yoo Capital has announced plans to restore The Saville Theatre in London’s West End and make it the permanent UK home of the Cirque du Soleil Entertainment Group.
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NewsCoffeehouse chain Tim Hortons launches UK franchise model to spur growth
Canadian coffeehouse chain Tim Hortons is launching a new franchise model in the UK to further spur its rapid expansion.
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OnlineNumber of pubs forced to close leaps 50% across England and Wales
The number of pubs being demolished or converted for other uses across England and Wales surged by 50% during the three months to the end of June, according to government statistics.
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NewsBrixton Academy venue allowed to reopen if ‘extensive’ safety conditions are met
Iconic London music venue The O2 Brixton Academy will be permitted to reopen after owner Academy Music Group (AMG) agreed to meet “extensive and robust” safety measures in response to a fatal crush in December.
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NewsRaven Rose and Stonebrook London merge to form new agency
Matter.London, a specialist agency focusing on retail and leisure acquisitions, has launched following the merger of Raven Rose and Stonebrook London.
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NewsWatling racks up £130m of deals in first quarter since launch
Watling Real Estate, launched at the start of June in a management buyout of the real estate restructuring division of Avison Young, achieved £130m of deals in its traditional core markets and alternative sectors during its first ever quarter.
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NewsHearing set to decide future of Brixton Academy music venue
Lambeth Council has said it would support the reopening of Brixton Academy “in principle” if a number of new safety conditions were introduced following a licensing hearing to decide the music venue’s future.
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OnlineTRG sells Frankie & Benny’s and Chiquito to rival
The Restaurant Group (TRG) has agreed to sell its loss-making Frankie & Benny’s and Chiquito brands to rival operator the Big Table Group for a nominal £1, in a deal that will see it pay £7.5m to the buyer.
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NewsPocket Planet leisure attraction signs for Oxford Street
Pocket Planet, an immersive experiential attraction featuring large model UK landmarks and miniature world models, has signed for 30,000 sq ft at the former New Look and Monsoon units on London’s Oxford Street.
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OnlineFour & Co appoints new associate director from GCW
London-based retail and leisure property specialist Four & Co has appointed Holly Kiely as an associate director within the business, where she will be working on a mix of lease advisory and agency instructions.
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NewsAcuitus set for its largest auction in three years
Acuitus is gearing up for its largest auction in three years with a £3.75m restaurant, office and residential investment in Kensington, West London set to be the headline lot.
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NewsBuckingham Group collapse hits string of stadium developments
Construction firm Buckingham Group has formally entered administration after attempts to find a buyer failed, throwing a wrench in the works of a number of major developments involving UK sports stadiums.
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NewsPureGym reports rising profits as its opens more than 40 branches
PureGym has reported rising profits and membership in its half-year results to the end of June, after opening more than 40 new gyms over the past year.
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NewsNotting Hill vegetarian restaurant on the table at Barnard Marcus sale
Barnard Marcus’ next auction on 11 September features a property in the heart of London’s Notting Hill, let for 25 years to a vegetarian restaurant and retail operator.
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NewsPrincess Diana’s preparatory school for sale
Riddlesworth Hall in Norfolk, attended by the late Princess Diana, is on the market with a price tag of £3m-plus.
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NewsGerman investor snaps up Manchester’s 196 Deansgate in £25m office deal
Commercial Estate Group (CEG) has sold the 196 Deansgate office building in Manchester to AM alpha for a figure believed to be close to £25m.
