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Hotels & leisure news – Page 10
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NewsLondon Resort to scale back £2.5bn theme park plans as boss quits
Proposals for multi-million pound Kent theme park the London Resort have been “significantly” scaled back after a “tumultuous year” for the troubled project, according to Steve Norris, chairman of developer London Resort Company Holdings (LRCH).
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NewsFirst phase of £200m Eckersley Mills plan unveiled
Heaton Group has unveiled plans for the first phase of its £200m transformation of a Grade II-listed mill in Wigan, following approval by Wigan Council.
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NewsCineworld to begin discussions over sale of whole business
Bankrupt UK cinema operator Cineworld Group has confirmed it will begin discussions this month with potential buyers, but only those interested in buying the entire group as it seeks to avoid breaking up the business.
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OnlineDilly Hotel sale completes
The Fattal Group has completed its purchase of London’s The Dilly Hotel from Archer Hotel Capital.
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OnlinePubs raise glass to alcohol duty freeze
The government’s decision to freeze alcohol duty for another six months will allow £180m to be reinvested into the pub and brewery industry, according to the British Beer and Pub Association (BBPA).
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NewsWatergate Bay Hotel owner checks in to Sands Resort
The family firm that owns the Watergate Bay Hotel has acquired a 72-room hotel, the Sands Resort, one mile from its hotel in Cornwall, for an undisclosed amount.
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NewsHammerson strikes bowling deal for Birmingham’s Bullring
Tenpin bowling operator Lane7 Group has agreed to take 28,000 sq ft at property giant Hammerson’s Link Street, Birmingham, which connects the Bullring and Grand Central shopping centres.
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NewsGWM’s Credo Fund provides €58.4m refinancing for Dublin’s Hampton by Hilton hotel
London-based asset manager GWM Group has provided a €58.4m senior loan and refinanced a construction loan on a newly built Dublin hotel.
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OnlineOxygen appoints agents to advise on expansion plans
Family activity group Oxygen has appointed real estate advisory firm Stärka to support the brand’s expansion throughout the UK.
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OnlineLXi strikes Travelodge leasing deals
LXi REIT has agreed a lease re-gear deal with Travelodge on all of the 122 hotels in its Secure Income REIT portfolio.
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OnlineTravelodge to double London hotel portfolio to 206
Travelodge has kick-started an ambitious London expansion programme with the opening of a hotel in Wimbledon.
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OnlineHotel trading exceeds expectations but pace of recovery set to slow, report finds
The UK hotel market has continued its recovery, delivering a strong trading performance, according to the latest UK Hotel Trading Performance Review 2022 by Knight Frank, in partnership with HotStats.
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OnlinePlanning submitted for ‘surf wellness’ resort in Dover
Planning has been submitted to Dover District Council for the creation of The Seahive, a surf wellness resort on the site of a former colliery spoil tip in Betteshanger Country Park, Kent.
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OnlineTravelodge expects development to return to ‘more normal levels’ in 2023
Hotel chain Travelodge has told investors it expects new hotel openings to “return towards more normal levels next year”, after development was hit by the Covid-19 pandemic.
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NewsGrosvenor pre-lets 21,000 sq ft Ice Factory
Marketing and trading company Javelin Global Commodities has signed a pre-let to fully occupy Grosvenor’s 21,473 sq ft Ice Factory office space near London’s Victoria coach station.
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OnlineLXi bucks property sector trend as NAV nudges up in first half
LXi REIT has posted a rise in net asset value during the first half of its financial year, bucking the industry’s downward trend due to softening yields.
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NewsGlazers contemplate sale of Manchester United
The owners of Manchester United FC, the Glazer family, have said they are considering selling the football club, as the board authorised a “thorough evaluation of strategic alternatives”.
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OnlineBonnejean inducted to leading hospitality group
Christie & Co’s Carine Bonnejean has been inducted into the International Society of Hospitality Consultants (ISHC).
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OnlineRuby Group launches £100m Edinburgh hotel development
German hotel firm Ruby Group and real estate investment group Hunter REIM are to spend £100m developing an Edinburgh hotel with 300 rooms across seven floors.
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NewsIndustry backs hotel use for asylum seekers
The use of hotels to house refugees and asylum seekers is temporary but necessary, hotel sector experts have insisted, after the High Court ruled the Home Office had a statutory duty to provide accommodation for destitute asylum seekers who would otherwise be homeless.
