Hotels & leisure news – Page 5
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PPHE delivers positive trading update
PPHE Hotels expects revenue to beat previous expectations of £400m.
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Northern Ireland Investment Fund provides £28m loan on Belfast hotel
JMK Group lands development finance for Titanic Quarter hotel scheme.
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London’s deputy mayor to decide on controversial Wimbledon expansion
Mayor of London’s office takes charge of Wimbledon All England Lawn Tennis Club’s controversial plans.
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Burger brand Fat Phill’s signs UK franchise agreement
Franchisee Freshly Baked has said it aims to open 100 locations over the next 10 years.
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Savills expects ‘strong interest’ in Selsdon Park Estate
The property agency is advising on the sale of the hotel in south London.
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Charles Irvine wins £100m backing to build 60 EV service stations
Joint venture (JV) between Charles Irvine and Meadow Partners plans 60 sites across the UK.
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London Tunnels plans London Stock Exchange flotation
Tourist attraction developer intends to undertake first IPO of 2024
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UK’s largest nightclub owner set to enter administration
Rekom has revealed it plans to appoint administrators as it struggles with higher bills.
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Archie’s roller rink restaurant signs at Trafford Palazzo
American-style burger chain to launch leisure concept at the Manchester shopping centre.
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Starwood Capital acquires London portfolio of Radisson Blu Edwardian hotels
Edwardian Hotels London has sold all 10 of its Radisson Blu Edwardian hotels in the capital to Starwood Capital Group.
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Real estate transaction volumes down 20% in 2023, report finds
Inflation and high interest rates suppressed real estate transaction volumes in 2023, a new report by specialist business property adviser Christie & Co has concluded.
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‘Economic risks’ cause Sainsbury’s and FEC to drop 950-home east London scheme
Sainsbury’s has abandoned plans to redevelop a supermarket in Whitechapel, east London, where it also intended to build almost 1,000 homes and a hotel.
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Retail sees biggest drop in carbon emissions across industry
The UK retail sector saw the biggest percentage drop in carbon emissions per real estate unit last year, at 17.6%, according to a new report.
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‘Europe’s largest indoor climbing wall’ to be built on Manchester industrial estate
Yorkshire Climbing Company has secured 50,864 sq ft at Southmoor Industrial Estate in Wythenshawe, Greater Manchester, for what it said will be Europe’s largest indoor climbing wall.
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Archer Hotel Capital pays £215m for two Hoxton-branded London hotels
Archer Hotel Capital has acquired two London hotels from Norlake Hospitality in a £215m deal.
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Travelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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SWG3 submits plans for Glasgow ‘music lovers’ hotel
Cultural venue SWG3 has submitted plans for a new hotel adjacent to it cultural campus on Glasgow’s Clydeside.
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UK hotel investment falls 37% to £2bn in 2023
The UK hotels market attracted £2bn of investment in 2023 but was down by more than a third on 2022’s figures, according to a new report.
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Vue to move headquarters to Westfield London
Cinema operator Vue has chosen Westfield London as the location for its new headquarters.
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Meridian Leisure Park in Leicester sold for £25m
Greenridge Opportunities has acquired Meridian Leisure Park in Leicester for £25m reflecting a yield of 8.50%.