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Hotels & leisure news – Page 3
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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.
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NewsLondon spy tunnels to be turned into tourist attraction in ambitious £220m plans
A mile-long network of secret tunnels 40m underground is set to become a unique tourist attraction under £220m proposals for an ambitious commercial development underneath London.
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NewsWhitbread snaps up New London House in £56.5m deal for hotel conversion
Hospitality group Whitbread has acquired the freehold interest in New London House in the City of London from unnamed clients of Orchard Street Investment Management for £56.5m..
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NewsLeisure assets prove popular in Acuitus’ £31m September sale
An Odeon cinema in Hastings was snapped up for £250,000 above its guide price just before the start of Acuitus’s latest auction on 21 September, which raised £31.39m, with 85% of the lots offered sold.
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NewsReally Local Group named anchor tenant for phase two of £68m Nuneaton regeneration
Nuneaton and Bedworth Borough Council has named developer Really Local Group as the anchor tenant for a 14,000 sq ft mixed-use town centre scheme in Nuneaton, Warwickshire.
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NewsThird Space gains £88.5m funding to support opening of new clubs
London-based luxury health and fitness brand Third Space has secured £88.5m of funding from OakNorth and Searchlight Capital Partners to support its business plan and the opening of additional clubs.
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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.
