All Hotels articles – Page 6
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OnlineSpecialists 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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OnlineHeartwood 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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OnlineHenderson 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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OnlinePPHE 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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OnlineOakNorth 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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NewsAres 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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NewsCrown 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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NewsTravelodge 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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NewsMelford 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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NewsKOP 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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OnlineNet 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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NewsB&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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OnlineGodwin 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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OnlineDominus 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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NewsLeumi 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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OnlinePPHE 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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OnlineFiera 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.
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NewsNot going for a song
Hosting this year’s Eurovision Song Contest boosts Liverpool holiday rents
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NewsCBRE appoints Auger as head of hotels in UK
Global real estate adviser CBRE has appointed Miles Auger as head of hotels to drive performance and execute its UK strategy across its business lines including valuations, advisory, and capital markets.
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InsightBurges Salmon’s Jack Mitchell on the rise of sustainable finance in the hotel sector
Given the built environment’s contribution both to greenhouse gas emissions and climate change, lenders that fund real estate projects have found themselves under pressure from governing bodies to show evidence that they are paving the way to a sustainable way of living.
