Hotels & leisure news – Page 12
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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.
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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.
