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Hotels & leisure news – Page 5
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NewsThird Space to open trio of London health clubs
Luxury health and fitness club operator Third Space has acquired three new locations in London and is set to open clubs in Clapham Junction, Richmond and at The Whiteley in west London.
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NewsMercure Glasgow acquired by S Hotels & Resorts for £7.5m
S Hotels & Resorts has bought the freehold of Mercure Glasgow City Hotel on Ingram Street from Alternative Income REIT for £7.5m.
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NewsCLAS acquires London and Dublin hotels for £300m to ‘capitalise on travel recovery’
Singaporean real estate investment manager CapitaLand Ascott Trust (CLAS) has acquired The Cavendish London hotel and Temple Bar Hotel in Dublin, and a serviced residence in Jakarta for a combined price of S$530.8m (£306.5m).
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NewsCBRE appointed to sell UK cinema portfolio
CBRE has been appointed to sell a portfolio of eight cinemas comprising two luxury boutique Tivoli cinemas, five multiplex cinemas and one standalone cinema.
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News‘National scandal’ of The Crooked House pub fire rages on
Confusion and anger continue to surround The Crooked House in Staffordshire after the popular historic pub was gutted by fire and later demolished, sparking a national debate about the protection of heritage buildings.
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NewsBrookfield urges Center Parcs bidders to form consortium to buy business
The owner of the Center Parcs UK holiday villages is negotiating with the three remaining bidders for the business – GIC, Antin Infrastructure Partners and KSL Capital Partners – in the hope they will form a consortium to buy it after no formal offers were made by the second-round bid ...
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NewsPark Lane Mews Estate gains approval for 82-room boutique hotel
Bain Capital Special Situations and Orka Investments have received planning permission to redevelop a site in Mayfair to create a luxury lifestyle boutique hotel and prime residential building.
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NewsCineworld suspends listing on London Stock Exchange
Cineworld has suspended its listing on the London Stock Exchange and applied to the High Court to be put under administration amid its restructuring process.
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NewsManchester City wins approval for £300m stadium expansion and entertainment district
The £300m expansion of Manchester City Football Club’s Etihad Stadium has been given unanimous approval by planners.
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OnlineBrookfield pockets £392m payout from Center Parcs as it seeks £4bn sale of upmarket resort
Private equity giant Brookfield has scooped a a £392m dividend following strong performance from its Center Parcs UK holiday village business as the group seeks a £4bn to £5bn sale of the business.
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NewsRLAM sells Preston retail and leisure park for £51.5m
Royal London Asset Management (RLAM), on behalf of The Royal London UK Real Estate Fund, has sold the Capitol Retail and Leisure Park in Preston, Lancashire, to British Land for £51.5m.
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NewsCushman & Wakefield promotes Bouvet
Cushman & Wakefield has appointed Dominic Bouvet as regional managing partner for London and the South East.
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OnlineLXi finance chief quits role
Freddie Brooks has resigned from his role as chief financial officer at LXi REIT to pursue other opportunities.
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OnlineSpecialists and family offices lead UK hotel investment but volumes tumble 60%
Hotel transaction volumes totalled around £860m for the first six months of 2023, 60% below investment volumes for the same period a year earlier.
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NewsPrezzo landlords swallow £32m loss in High Court restructuring plan ruling
Prezzo landlords have been forced to swallow a £32.2m loss after a High Court judge approved a restructuring plan following the closure of 47 loss-making restaurants in April.
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NewsMandarin Oriental and Sampson House plan South Bank hotel and branded residences
Mandarin Oriental Hotel Group has signed a pre-development hotel management agreement with Sampson House (SHL) for a new luxury hotel and branded residences at Bankside Yards on London’s South Bank.
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NewsGateshead Council approves 12,500-capacity arena and conference centre plans
Plans for a 12,500-capacity arena and international conference centre and hotel in Gateshead, Tyne and Wear, have been approved.
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NewsPrivate investors increase hotel market share amid macro-economic uncertainty
Private investors have dominated hotel transactions this year, being less reliant on debt and more focused on wealth preservation and the inflation hedge hotels can offer, research from Savills shows.
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NewsEmpire Cinemas enters administration as six sites are closed
Empire Cinemas has entered administration with 150 jobs lost as almost half of its 14 sites closed last Friday (7 July).
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NewsMajestic Bingo falls into administration
Majestic Bingo, the independent operator of eight bingo clubs across England and Wales, has fallen into administration.
