Hotels & leisure news – Page 5
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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%.
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Zia Lucia signs lease for first restaurant outside London
Italian pizza chain Zia Lucia has signed a lease for its first restaurant outside London as it begins expansion into the rest of the UK.
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DLUHC announces £25m levelling-up funding to support over 70 pubs, theatres and museums
The Department for Levelling Up, Housing and Communities (DLUHC) has announced £25m of levelling-up funding to support over 70 pubs, cinemas and museums across the UK.
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Landsec submits second planning application for £45m Gunwharf Quays investment
Landsec has pushed forward its £45m investment programme in Gunwharf Quays in Portsmouth after submitting its second planning application of the year.
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Waverley Castle Hotel in Scotland snapped up by Leisureplex Hotel Group
Waverley Castle Hotel in Melrose, Scotland, has been sold to Leisureplex Hotel Group in an undisclosed deal.
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Universal Studios buys Bedford site as it plans first UK theme park
Universal Studios has purchased a 480-acre site in Bedford and is exploring plans for its first UK theme park.
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Scottish Budget brings little cheer for hospitality or housing
Scottish property experts said yesterday’s Scottish Budget provided little help to support struggling retail and hospitality businesses or to address the housing crisis north of the border.
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Lunson Mitchenall strengthens lease advisory team
Independent retail and leisure agency Lunson Mitchenall (LM) has announced the promotion of Nick Klein to head its lease advisory team and the appointment of BNP Paribas’ Mark Capanda as an associate director.