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Hotels & leisure news – Page 6
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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.
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OnlineStärka recruits Gavaghan from Bruntwood
Leisure real estate adviser Stärka has appointed Lauren Gavaghan as acquisitions and development consultant.
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OnlineHeartwood secures new funding for ‘pubs with rooms’ rollout
Hospitality and pub group Heartwood Collection has secured additional funding to support its roll-out into freehold pubs and the ’pubs with rooms’ market offering accommodation.
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OnlineHenderson Park buys iconic Edinburgh hotel ‘The Caley’ for rumoured £85m
Investment group Henderson Park has acquired one of Edinburgh’s most famous hotels, the Waldorf Astoria Edinburgh - The Caledonian.
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NewsHigh Court approves Fitness First restructuring plan
The High Court has approved a controversial restructuring plan proposed by gym operator Fitness First, which will see rents slashed at dozens of its UK sites.
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OnlineHammerson to transform car parks with daredevil circuses over summer
Hammerson is set to roll out pop-up circus and a range of entertainment across its retail centre car park space in what will be a first in the property sector.
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OnlineTDR Capital considers £2bn sale of David Lloyd Leisure
TDR Capital is reported to be considering a £2bn sale of upmarket gym chain David Lloyd Leisure.
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OnlinePPHE Hotels raises full-year forecasts after strong first half performance
PPHE Hotel Group has told investors it has maintained its “positive trading momentum” ahead of the end of its financial half-year on Friday.
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NewsUrban Splash selected to lead regeneration of Sheffield’s historic Cole Brothers building
Regeneration specialist Urban Splash has been selected as the preferred bidder to transform the former Cole Brothers building in Sheffield city centre into a mixed-use development.
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OnlineCineworld falls into administration in UK, but screens will remain open
Struggling cinema chain Cineworld has filed for administration in the UK as part of a restructuring plan that will see shares in the world’s second-largest cinema chain being suspended.
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OnlineOakNorth lends £22m to for Hilton hotel at Edinburgh Airport
OakNorth Bank has agreed a £22m loan to Ability Hotels to fund the extension of a hotel at Edinburgh Airport.
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NewsAres agrees £300m refinancing of central London assets
Ares Management Corporation’s European real estate debt team has provided a £300m senior loan to refinance two high-profile central London assets: Burberry’s global flagship store at 21-23 New Bond Street, and the 601-room, four-star Hilton London Kensington hotel.
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NewsTown centre plans approved at 1,500-home Hertfordshire garden village
Planning approval has been granted for a £500m town-centre scheme with 250 homes in Cheshunt, Hertfordshire, to sit alongside a proposed 1,250-home garden village.
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OnlineNuveen to sell Soho Wharf
Global investment manager Nuveen has appointed CBRE to sell Soho Wharf, its mixed use scheme on London’s South Bank.
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NewsEurope’s largest indoor baseball site swings into Brent Cross Town
Related Argent and Barnet Council have signed Europe’s largest indoor baseball and softball hub for its Brent Cross Town development in north London.
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OnlineAermont joins race for Center Parcs
Pinewood film studios owner Aermont is reported to have joined the list of bidders for upmarket holiday village group Center Parcs.
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NewsCrown Estate puts historic Windsor hotel up for sale
The Crown Estate has put the Harte & Garter Hotel and Spa in Windsor up for sale as a prime hospitality development opportunity, seeking offers in excess of £13.25m.
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NewsCineworld close to appointing administrators
Troubled cinema operator Cineworld is believed to be close to appointing administrators as part of the ongoing restructuring of the debt-laden firm.
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NewsShaftesbury reports “strong operational progress” after merger
At a pre-AGM trading update today (14 June), Shaftesbury Capital said the integration of its business and team was “progressing well” following March’s completion of the £3.5bn all-share merger between Capital and Counties Properties (Capco) and Shaftesbury.
