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Hotels & leisure news – Page 2
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NewsPremier Inn owner Whitbread strengthens property team
Premier Inn owner Whitbread has strengthened its construction and property acquisition teams with four new appointments.
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NewsWimbledon tennis expansion plans agreed in face of opposition
Merton Council has approved controversial plans to expand the Wimbledon tennis championship site in south west London despite local opposition branding it an “aggressive, inappropriate commercial development”.
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OnlinePizza Express considers bid to gatecrash £506m TRG deal with Apollo
Pizza Express is considering a bid for The Restaurant Group (TRG), the listed company that owns Wagamama, Sky News has reported.
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NewsPPHE Hotel Group close to completing £300m pipeline
PPHE Hotel Group, which develops, owns and operates hotels and resorts, is nearing completion of its £300m pipeline, according to its Q3 update.
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OnlineZ Hotels secures lending for new London property
Z Hotels has secured a £23m loan from OakNorth and ASK Partners for the acquisition and refurbishment of a mixed-use building on Charing Cross Road in central London.
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NewsFrogmore and C1 seek development partner to double size of Hilton London Olympia Hotel
Frogmore Real Estate Partners and C1 Capital are seeking a partner to redevelop and ultimately own the Hilton London Olympia Hotel in Kensington, West London, after redevelopment plans were approved last night (19 October) to more than double the size of the property from 404 to 905 bedrooms.
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NewsBelfast’s ETAP Hotel on market for offers in excess of £7.2m
Belfast city centre’s budget ETAP Hotel has hit the market with agent CBRE Northern Ireland inviting offers of over £7.17m on behalf of the unnamed vendor.
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NewsTown Centre Securities to ramp up development pipeline
Town Centre Securities is looking to step up investment in its development pipeline, which has an estimated gross development value of over £400m, according to its results for the year to the end of June.
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NewsPremier Inn owner targets ambitious expansion on back of strong results
Premier Inn owner Whitbread is set to boost expansion spending by £100m as it takes advantage of strong profits to target 125,000 rooms across the UK and Ireland.
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NewsJD Sports poised to take House of Fraser space at Cwmbran Centre in South Wales
JD Sports is believed to have agreed a deal to take over the former House of Fraser department store in the Cwmbran Centre in Torfaen, South Wales.
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NewsCohort Capital refinances Covent Garden hotel with £73m loan
Specialist lender Cohort Capital has provided a loan worth £73m to a Qatari-based group for the refinancing of the five-star NoMad Hotel in London’s Convent Garden.
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NewsLeonardo Hotel in Newcastle hits the market for £31.8m
Knight Frank has been appointed to sell the 274-bedroom Leonardo Hotel in St James’ Gate, Newcastle, for £31.8m on behalf of an unnamed UK investment fund.
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NewsClearbell’s Amber Portfolio proceeds reach £174m after sports complex sale
Clearbell Property Partners II LP has sold the final asset in its mixed-use Amber portfolio for £8.40m to Manchester-based property company Elstar.
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NewsLXi REIT cheered by ‘green shoots’ despite reporting valuation fall in trading update
LXi REIT pointed to “green shoots emerging” as it reported a fall in the value of its property portfolio from £3.36bn on 31 March to £3.19bn on 30 September.
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OnlineDalata buys Edinburgh office site for £48m hotel conversion
Ireland’s largest hotel owner and operator, the Dalata Hotel Group, is spending £48m to buy and convert an Edinburgh office building from Aviva Life & Pensions UK.
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NewsASK Partners provides £25m loan to support Bristol airport Hilton Hotel extension
Hilton Hotels will add a 50-bedroom extension to its 201-bed Hampton by Hilton property at Bristol airport after the property’s landlord, Ability Group, agreed a £24.6m, 36-month loan facility with ASK Partners.
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NewsWhitbread adds 100-room Dublin hotel to Premier Inn portfolio
Whitbread has secured its eighth location in Ireland for its Premier Inn hotel brand at Usher’s Quay, in the Dublin 8 district.
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NewsWarner Leisure Hotels snaps up two hotels in £100m investment
Bourne Leisure subsidiary Warner Leisure Hotels is to spend £100m acquiring and renovating Dalmahoy Hotel and Country Club near Edinburgh and Forest of Arden Country Club near Birmingham.
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NewsBBC considers extending lease at Birmingham’s Mailbox
Mailbox REIT said the BBC is likely to stay for up to another two years at the mixed-use Birmingham scheme when its lease expires in 2026.
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NewsPureGym completes £805m refinancing in ‘huge vote of confidence’
The chief executive of the UK’s largest gym chain PureGym has heralded a “huge vote of confidence” in its expansion plans after its holding company Pinnacle Bidco completed a refinancing deal worth £805m.
