All Hotels articles
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NewsHotel deals tipped to bounce back from dip in 2022
Hotel deal activity is predicted to pick up pace in 2023 as the sector continues to recover, according to reports from Savills and Knight Frank.
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News
London Resort to scale back £2.5bn theme park plans as boss quits
Proposals for multi-million pound Kent theme park the London Resort have been “significantly” scaled back after a “tumultuous year” for the troubled project, according to Steve Norris, chairman of developer London Resort Company Holdings (LRCH).
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Online
Dilly Hotel sale completes
The Fattal Group has completed its purchase of London’s The Dilly Hotel from Archer Hotel Capital.
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News
Watergate Bay Hotel owner checks in to Sands Resort
The family firm that owns the Watergate Bay Hotel has acquired a 72-room hotel, the Sands Resort, one mile from its hotel in Cornwall, for an undisclosed amount.
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News
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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Online
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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Online
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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Online
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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Online
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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Insight
Jansons Property’s Tom Jansons on the hotel industry re-emerging as a growth sector
Hotels are recovering quickly from the impact of Covid-19 with occupancy rates proving promising for the remainder of 2022, as events and travel resume and approach pre-pandemic levels.
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Online
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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Online
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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Online
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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News
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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News
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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News
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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News
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.
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News
Whitbread appoints Jill Anderson to property acquisition team
Whitbread, parent company to Premier Inn, has appointed Jill Anderson as a director of its property acquisition team to help reach its target of 125,000 UK and Ireland bedrooms.
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Online
PPHE Hotels beats pre-pandemic revenue
PPHE Hotel Group has told investors it achieved a sharp rise in revenue during the third quarter.
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Online
Fattal Group buys Dilly Hotel in London’s West End
Leonardo Hotels has acquired the Dilly Hotel in London and plans to invest £90m to upgrade the property.
