All Hotels articles – Page 5
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News
Manchester City wins approval for £300m stadium expansion and entertainment district
The £300m expansion of Manchester City Football Club’s Etihad Stadium has been given unanimous approval by planners.
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Mandarin Oriental and Sampson House plan South Bank hotel and branded residences
Mandarin Oriental Hotel Group has signed a pre-development hotel management agreement with Sampson House (SHL) for a new luxury hotel and branded residences at Bankside Yards on London’s South Bank.
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Private investors increase hotel market share amid macro-economic uncertainty
Private investors have dominated hotel transactions this year, being less reliant on debt and more focused on wealth preservation and the inflation hedge hotels can offer, research from Savills shows.
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Specialists and family offices lead UK hotel investment but volumes tumble 60%
Hotel transaction volumes totalled around £860m for the first six months of 2023, 60% below investment volumes for the same period a year earlier.
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Heartwood secures new funding for ‘pubs with rooms’ rollout
Hospitality and pub group Heartwood Collection has secured additional funding to support its roll-out into freehold pubs and the ’pubs with rooms’ market offering accommodation.
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Henderson Park buys iconic Edinburgh hotel ‘The Caley’ for rumoured £85m
Investment group Henderson Park has acquired one of Edinburgh’s most famous hotels, the Waldorf Astoria Edinburgh - The Caledonian.
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PPHE Hotels raises full-year forecasts after strong first half performance
PPHE Hotel Group has told investors it has maintained its “positive trading momentum” ahead of the end of its financial half-year on Friday.
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OakNorth lends £22m to for Hilton hotel at Edinburgh Airport
OakNorth Bank has agreed a £22m loan to Ability Hotels to fund the extension of a hotel at Edinburgh Airport.
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Ares agrees £300m refinancing of central London assets
Ares Management Corporation’s European real estate debt team has provided a £300m senior loan to refinance two high-profile central London assets: Burberry’s global flagship store at 21-23 New Bond Street, and the 601-room, four-star Hilton London Kensington hotel.
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Crown Estate puts historic Windsor hotel up for sale
The Crown Estate has put the Harte & Garter Hotel and Spa in Windsor up for sale as a prime hospitality development opportunity, seeking offers in excess of £13.25m.
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Travelodge owner to seek £1.2bn sale
US hedge fund GoldenTree is reported to be planning to sell budget hotel business Travelodge with a price tag of more than £1.2bn.
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Melford Capital snaps up West End hotel development site for £40m
Melford Capital Partners has acquired 5-9 Great Newport Street, a mixed-use development opportunity in London’s West End, from Consolidated Development Limited for £40m.
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KOP Group snaps up Earl’s Court hotel for £35m
Singaporean investor KOP Group has purchased the Burns Hotel in London’s Earl’s Court for a guide price of £35m and plans to transform the site into a luxury boutique hotel.
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Net tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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B&B HOTELS appoints chief executive
Expanding European budget hotel operator B&B HOTELS has announced the appointment of Patrick O’Connell as chief executive of UK operations.
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Godwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
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Dominus hires projects director
Dominus has appointed Will Charlton as its new projects director to help grow the group’s UK pipeline.
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Leumi lends Fattal £43.7m for Brighton Grand purchase and refurb
Fattal Hotel Group has secured a £43.7m loan for the acquisition and refurbishment of The Grand hotel in Brighton from specialist property lender Leumi UK.
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PPHE Hotels posts positive update to investors
PPHE Hotel Group increased its revenue by 115% during the first quarter of 2023 as people returned to travel after the Covid-19 lockdowns.
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Fiera Real Estate launches European Debt Fund
Fiera Real Estate UK has secured £100m in seed funding for a new open-ended pan-European real estate debt fund.