Hotels & leisure news – Page 17
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Hammerson strikes bowling deal for Birmingham’s Bullring
Tenpin bowling operator Lane7 Group has agreed to take 28,000 sq ft at property giant Hammerson’s Link Street, Birmingham, which connects the Bullring and Grand Central shopping centres.
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GWM’s Credo Fund provides €58.4m refinancing for Dublin’s Hampton by Hilton hotel
London-based asset manager GWM Group has provided a €58.4m senior loan and refinanced a construction loan on a newly built Dublin hotel.
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Oxygen appoints agents to advise on expansion plans
Family activity group Oxygen has appointed real estate advisory firm Stärka to support the brand’s expansion throughout the UK.
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LXi strikes Travelodge leasing deals
LXi REIT has agreed a lease re-gear deal with Travelodge on all of the 122 hotels in its Secure Income REIT portfolio.
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Travelodge to double London hotel portfolio to 206
Travelodge has kick-started an ambitious London expansion programme with the opening of a hotel in Wimbledon.
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Hotel trading exceeds expectations but pace of recovery set to slow, report finds
The UK hotel market has continued its recovery, delivering a strong trading performance, according to the latest UK Hotel Trading Performance Review 2022 by Knight Frank, in partnership with HotStats.
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Planning submitted for ‘surf wellness’ resort in Dover
Planning has been submitted to Dover District Council for the creation of The Seahive, a surf wellness resort on the site of a former colliery spoil tip in Betteshanger Country Park, Kent.
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Travelodge expects development to return to ‘more normal levels’ in 2023
Hotel chain Travelodge has told investors it expects new hotel openings to “return towards more normal levels next year”, after development was hit by the Covid-19 pandemic.
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Grosvenor pre-lets 21,000 sq ft Ice Factory
Marketing and trading company Javelin Global Commodities has signed a pre-let to fully occupy Grosvenor’s 21,473 sq ft Ice Factory office space near London’s Victoria coach station.
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LXi bucks property sector trend as NAV nudges up in first half
LXi REIT has posted a rise in net asset value during the first half of its financial year, bucking the industry’s downward trend due to softening yields.
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Glazers contemplate sale of Manchester United
The owners of Manchester United FC, the Glazer family, have said they are considering selling the football club, as the board authorised a “thorough evaluation of strategic alternatives”.
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Bonnejean inducted to leading hospitality group
Christie & Co’s Carine Bonnejean has been inducted into the International Society of Hospitality Consultants (ISHC).
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Ruby Group launches £100m Edinburgh hotel development
German hotel firm Ruby Group and real estate investment group Hunter REIM are to spend £100m developing an Edinburgh hotel with 300 rooms across seven floors.
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Industry backs hotel use for asylum seekers
The use of hotels to house refugees and asylum seekers is temporary but necessary, hotel sector experts have insisted, after the High Court ruled the Home Office had a statutory duty to provide accommodation for destitute asylum seekers who would otherwise be homeless.
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AXIS-RE and Cervidae get green light for Chester hotel
Developer AXIS-RE and real estate investor Cervidae have secured planning consent from Cheshire West & Chester Council for a 162-bedroom hotel in Chester city centre.
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Oxygen extends trampoline portfolio with RedKangaroo acquisition
Indoor family activity brand, Oxygen, has acquired regional trampoline operator, RedKangaroo.
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Grosvenor appoints Chris Jukes as new Liverpool ONE lead
Property giant Grosvenor has appointed Chris Jukes as director of Liverpool ONE, the city’s 1.65m sq ft retail and entertainment destination.
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Travelodge secures £19.4m for west London hotel
Travelodge has secured £19.4m for a 113-bedroom development in Chiswick, west London, from RTP Global Real Estate Investments.
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F1 Arcade revs up Birmingham for second venue
F1 Arcade, the developer of a Formula 1-licensed leisure concept, has chosen Birmingham for the site of its second UK venue.
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Knight Frank puts £20m price tag on former Earl’s Court hostel
Barkston & Courtfield Gardens hotel, a former hostel in Earl’s Court, west London, has been put up for sale for £20m by consultants Knight Frank on behalf of LPA (fixed charge) receivers.