All Hotels articles – Page 16
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InsightView from the top: Abdullah bin Hamad Al-Attiyah, Qatari Diar CEO
The Qatari Diar CEO tells Property Week about the company’s ambitious plans to transform the former US embassy on Grosvenor Square into a luxury hotel and why he remains bullish about the UK’s prospects.
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NewsDalata eyes more hotel sites despite a 68% fall in revenue
Incoming CEO Dermot Crowley says he is confident of a strong rebound in hotel occupancy rates this year.
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OnlineDalata hotels insists it’s ready for recovery as pandemic destroys profit
Covid-19 devastated revenue at Dalata Hotel Group with the lockdowns slashing income by 68% and leading to the Dublin-based group swinging to a €111.5m (£96.4m) pre-tax loss for the year to the end of 2020.
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NewsUK hotel investment activity nosedives 58%
Investment in the UK hotels market nosedived 58% in 2020 compared to 2019, data from Cushman Wakefield has revealed.
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OnlineBrewDog cheers first English hotel
BrewDog’s first hotel in England has been given the go ahead by Manchester City Council.
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NewsQatari Diar unveils its plans for embassy site
The former US embassy is to be converted into a luxury 139-bed Rosewood hotel.
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OnlineIHG opens voco hotels in Scotland
IHG Hotels Resorts has announced the debut of its voco hotels product into the Scottish market, with openings in Glasgow and Edinburgh.
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OnlineSoho House plots £2.12bn float
Private members’ club chain Soho House is poised to float the company on the New York stock exchange with a valuation of as much as $3bn (£2.12bn).
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OnlinePremier Inn to open five seaside hotels
Whitbread is set to open five new Premier Inn hotels over the course of this spring and summer to capitalise on consumers pent up demand for domestic holidays.
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OnlinePent up demand will lead to hotel bounce, says JLL
Anticipated investor interest and pent up demand for a return to travel should lead to a bounce back in demand for hotels, new research has found.
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NewsIbis budget opens at London Heathrow T5
A new ibis budget hotel has opened at London Heathrow T5, having previously operated as a Travelodge.
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OnlineTopland’s 221-bedroom Brighton hotel greenlit
Topland has secured planning permission from Brighton Hove Council to develop a 221-bedroom hotel, Property Week can reveal.
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InsightWill lenders check out of hotels?
Companies in the travel and tourism industry have been among the worst casualties of the pandemic. According to PwC, the 2020 figure for revenue per available room (RevPAR) was the worst since benchmarking began, while UK hotel occupancy rates in 2021 are forecast to be 55%.
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OnlinePremier Inn set to open at 40 Eastbourne Terrace
Invesco Real Estate and YardNine have signed a lease with Whitbread for a 366-bedroom Premier Inn hotel as part of its mixed-use development at 40 Eastbourne Terrace.
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OnlineCallisonRTKL appoints hospitality practice lead for post pandemic recovery
Global architecture practice CallisonRTKL has appointed industry veteran Ramsay Ritchie as associate principal and hospitality practice lead, Property Week can reveal.
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NewsDistress sales to drive hotel investment activity in 2021
Hotel transaction volumes plummeted last year but ‘staycation’ and ‘aparthotel’ assets offer glimmer of hope
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InsightHotels have to adapt to survive
Hotels are experiencing pressures like never before and while the vaccination rollout gives cause for hope, cases remain high and we are still in a strict lockdown – some distance from a total fix.
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OnlineAGO Hotels buys former Travelodge hotel
AGO Hotels has acquired a former Travelodge hotel in Scotland.
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OnlineStarwood Capital and Alliance Property Group buy Renaissance Manchester site
Starwood Capital and Property Alliance Group have bought the Renaissance Manchester site from Urban Civic for a £200m mixed-use scheme.
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NewsLoan agreed for London aparthotel
Cain International has agreed a £74m development loan with Canary Wharf Group and hospitality firm edyn for an aparthotel in east London.
