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Hotels & leisure news – Page 7
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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.
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NewsHigh Court postpones decision on contentious Fitness First restructuring plan
A High Court decision on gym operator Fitness First’s restructuring plans has been postponed by two weeks to give landlords fearful of losing out on rent more time to consider their positions.
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NewsTravelodge owner to seek £1.2bn sale
US hedge fund GoldenTree is reported to be planning to sell budget hotel business Travelodge with a price tag of more than £1.2bn.
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NewsMelford Capital snaps up West End hotel development site for £40m
Melford Capital Partners has acquired 5-9 Great Newport Street, a mixed-use development opportunity in London’s West End, from Consolidated Development Limited for £40m.
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NewsFitness First restructuring plan could send ‘disastrous shockwaves across letting market’
Beleaguered health club firm Fitness First’s restructuring plan to close gyms and cut rents on its remaining sites could be “disastrous” and “send shock waves across the retail and leisure letting market”, according to legal experts.
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OnlineNet tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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NewsKOP Group snaps up Earl’s Court hotel for £35m
Singaporean investor KOP Group has purchased the Burns Hotel in London’s Earl’s Court for a guide price of £35m and plans to transform the site into a luxury boutique hotel.
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NewsLincolnshire Co-op and Wykeland Group snap up Waterside Shopping Centre in Lincoln
Lincolnshire Co-op and developer Wykeland Group have acquired the 130,000 sq ft Waterside Shopping Centre in Lincoln from Tesco Pension Fund for an undisclosed price.
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NewsB&B HOTELS appoints chief executive
Expanding European budget hotel operator B&B HOTELS has announced the appointment of Patrick O’Connell as chief executive of UK operations.
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NewsNinja Warrior UK Adventure Park signs lease for 25,000 sq ft Chelmsford unit
Ninja Warrior UK Adventure Park has signed a 15-year lease for a 25,000 sq ft unit at The Meadows Retail Park in Chelmsford.
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NewsAlbert’s Schloss signs Trocadero deal for first London restaurant
The 18,000 sq ft former Rainforest Café Trocadero on London’s Shaftesbury Avenue is to become an alpine cook haus and Bavarian bier palace after Criterion Capital signed Albert’s Schloss on a 25-year lease for its first London restaurant.
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OnlineGodwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
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OnlineDominus hires projects director
Dominus has appointed Will Charlton as its new projects director to help grow the group’s UK pipeline.
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NewsBrookfield puts Center Parcs up for sale for between £4bn and £5bn
Brookfield has placed holiday resort group Center Parcs up for sale and is understood to be seeking between £4bn and £5bn.
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NewsLeumi lends Fattal £43.7m for Brighton Grand purchase and refurb
Fattal Hotel Group has secured a £43.7m loan for the acquisition and refurbishment of The Grand hotel in Brighton from specialist property lender Leumi UK.
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NewsThreat of Brixton Academy closure a ‘wake-up call’ for venue operators
The potential closure of iconic south London music venue Brixton Academy has been called “a stark wake-up call” for all leisure and venue operators, after the Metropolitan Police called for it to lose its licence following a fatal incident.
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NewsCity Corporation gives £73m towards Museum of London relocation
The City of London Corporation has committed £73m of funding towards the plans to relocate the Museum of London from the Barbican to a series of historic buildings at West Smithfield.
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OnlinePPHE Hotels posts positive update to investors
PPHE Hotel Group increased its revenue by 115% during the first quarter of 2023 as people returned to travel after the Covid-19 lockdowns.
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NewsCroydon town centre revival plans to get reboot after URW buys Hammerson out of JV
Multi-billion-pound plans to redevelop the centre of Croydon look set to be reborn following shopping centre giant Unibail-Rodamco-Westfield’s (URW’s) purchase of Hammerson’s 50% stake in the 10ha Croydon Partnership.
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OnlineFiera Real Estate launches European Debt Fund
Fiera Real Estate UK has secured £100m in seed funding for a new open-ended pan-European real estate debt fund.
