All Hotels articles – Page 20
-
OnlineShiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
-
OnlineWork on Sunderland hotel gets the go ahead
Works on a new 120-bed hotel in Sunderland which will stand in the city centre’s Keel Square has received the green light.
-
OnlineSecure Income REIT receives £2.3m in rent arrears from Travelodge
Secure Income REIT has announced it has collected 100% of rent due today including £2.3m in arrears from Travelodge that the hotel operator owed from the previous quarter.
-
NewsLegacy Hotels to take over historic Liverpool hotel
Legacy Hotels is to take over from Signature Living as the operator at 30 James Street hotel in Liverpool, reopening late next month.
-
OnlineTravelodge CVA approved
Travelodge’s creditors have voted to approve the proposed company voluntary arrangement (CVA).
-
OnlineRuby Group secures site for third London hotel
Ruby Group has unveiled plans for its third hotel in London as it sets its sights on further international expansion.
-
OnlineTravelodge CVA vote hinges on detail
The majority of Travelodge landlords will vote to approve the operator’s CVA, conditional on detailed documentation being provided by the operator.
-
OnlineGlasgow City Council gives George Capital green light for 183-bed hotel
George Capital (GCAP) has secured planning permission from Glasgow City Council for a 183-bed hotel in the heart of the city’s Cental Conservation Area.
-
OnlineWhitbread raises £922m in share placing
Whitbread has received a 91.4% take-up in its share placing announced at the end of May, raising £922m.
-
OnlinePPHE raises £180m for art’otel in London
PPHE has raised £180m needed for its art’otel development on Old Street in London, providing further financial liquidity to the group.
-
NewsHotel owner operators must pick whether to stick or twist
Hobbled by rising debt and tumbling revenues, hoteliers now face the choice between repurposing and refurbishing.
-
OnlineHospitality sector braces for new restrictions
The UK hospitality sector will face new restrictions when it reopens.
-
OnlineLandlords ‘baffled’ as Travelodge prepares to launch CVA
Travelodge landlords have voiced their concerns as the operator prepares to to launch a CVA later today in a bid to end its bitter rent dispute.
-
OnlinePuma Property Finance provides £23m GDV development loan for Hampton by Hilton hotel
Puma Property Finance has completed a £23m GDV development facility for a hotel in Buckinghamshire.
-
OnlineSafestay reports revenue increase of 26% for 2019
Hostel operator Safestay saw its revenue jump by 26% last year, but recorded a loss before tax of £0.6m.
-
NewsTravelodge landlords eye up alternatives
A business representing the landlords of almost 400 Travelodge hotels is putting together a list of alternative options for landlords should the hotel operator decide to undertake a CVA.
-
OnlineWhitbread gets green light to rebuild popular Bristol hotel
Premier Inn owner Whitbread has secured planning permission to rebuild its Cribbs Causeway property after a fire in July 2019 damaged the 177-bedroom hotel and restaurant.
-
OnlineUK’s top hotel groups have 44% more debt than during credit crunch
The UK’s top 30 hotel groups have debt levels 44% higher than they had during the credit crunch, making it more challenging for the sector to weather the Covid-19 storm without help from the government, according to law firm Boodle Hatfield.
-
OnlineTravelodge’s biggest landlord offers alternative plan to avoid CVA
One of Travelodge’s biggest landlords is gathering support for an alternative payment plan in an effort to stop the operator going through a CVA process.
-
OnlineTravelodge warns landlords of CVA
Travelodge has told its landlords that if they do not agree to rent cuts of up to 80% for 18 months, the hotel operator will be forced to pursue a CVA.
