All Hotels articles – Page 27
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News
Dominvs buys embassy site
Dominvs Group has acquired the Dutch government’s embassy site in Nine Elms with a view to developing a hotel there.
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Online
Catalyst forms £500m hotel JV with Indian investor
Catalyst Capital has formed a £500m joint venture with Hero Enterprise of India, which represents the interests of Sunil Kant Munjal and his family, to invest in and develop hotels and serviced apartments.
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Online
LXi makes £135m of acquisitions
LXi REIT has made a series of six acquisitions totaling £135m following its £200m equity issue earlier this month.
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News
Khan approves Kensington Forum after affordable homes tripled
Mayor of London Sadiq Khan has approved Queensgate Investments and Rockwell Property’s plans to redevelop the Kensington Forum Hotel, after the developers agreed to make all the homes in the scheme affordable.
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Online
WeWork to open second Birmingham office in Louisa Ryland House
WeWork has signed for its second office in Birmingham two weeks after it announced its move to the city.
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News
Alpha acquires De Vere Beaumont Hotel’s £40m ground rent
Asset manager Alpha Real Capital has acquired the ground rent of the De Vere Beaumont Hotel in Old Windsor fro £40m on behalf of its ground rent investment fund vehicle Index Linked Income Fund.
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Online
PPHE Hotel Group joins FTSE 250
PPHE Hotel Group has joined the FTSE 250 and FTSE All Share Indices.
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News
Brighton Metropole set for redevelopment
The owner of the Hilton Brighton Metropole plans to redevelop the iconic seafront hotel and build up to 200 new homes in partnership with developer First Base, Property Week can reveal.
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Online
Cheyne backs Saco aparthotel developments
Cheyne Capital has made its fourth funding partnership with Saco Property Group taking the total development funding provided to €250m (£220m).
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News
£108m Dublin hotel goes up for sale
Dublin hotel The Marker has gone up for sale by private treaty with a guide price of €125m (£108m).
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News
Queensgate appoints Morpeth as group MD
Queensgate Investments, the owner of hostel brand Generator, has appointed Iain Morpeth to the new role of group managing director.
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News
Crowne Plaza Kensington sold for £84.3m to Singaporean consortium
The Crowne Plaza in London Kensington has been sold for £84.3m to a Singaporean consortium.
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Online
Sydell Group to open first NoMad hotel outside of US in London
Sydell Group is to open its first NoMad hotel outside the US in London’s Covent Garden.
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Online
Alpha Real Capital acquires hotel ground rent portfolio
Alpha Real Capital has completed a ground rent transaction over a circa £1bn portfolio of three central London hotels on behalf of its Index Linked Income Fund.
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Online
Puma Property agrees £17.5m loan for Edinburgh hotel development
Puma Property Finance has executed a £17.5m loan used to fund the development of a new hotel at Edinburgh Airport.
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Online
M&G Real Estate forward funds Premier Inn in Milton Keynes
M G Real Estate has forward funded a Premier Inn hotel in Milton Keynes for £23.7m.
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Online
Grosvenor Square Marriott sale relaunched
The long leasehold interest in the Marriott hotel on Grosvenor Square has been relaunched to the market with a £180m guide price.
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News
Activity in hotel sector predicted to slow in 2019
Hotel deal activity in the UK will decrease by 10% to £6bn in 2019, according to a PwC report on the sector.
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Markets
Salisbury Maltings shopping centre revamp plans updated
Novichok poisoning gave ‘new focus’ to plans.
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Online
L&G to fund development of luxury hotel in Cardiff
Legal General has agreed to fund the restoration of the old Post Office building in Cardiff into a luxury hotel in partnership with Welsh Rugby Union and Rightacres Property.