Hotels & leisure news
Schroders JV gulps down ‘The Brewery’ for £162m
A Schroders joint venture has acquired The Brewery retail warehouse and leisure scheme in Romford, east London, for £162m.
Former Altrincham House of Fraser to be redeveloped into mixed-use office scheme
The site of the former House of Fraser in Altrincham, Greater Manchester, has been given planning permission to be redeveloped into an office-led mixed-use scheme.
Courie Investments secure loan on Glasgow scheme
Unbranded Finance completed a £2.5m bridging loan on behalf of Courie Investments, secured against a Glasgow City Centre office building with planning permission for a 113-room aparthotel.
Council sells Croydon Park Hotel to Amro and Flemyn
Croydon Council has sold the Croydon Park Hotel to a joint venture between build-to-rent (BTR) developer Amro Partners and family office Flemyn for £25m.
Kervan Kitchen joins Colchester’s Northern Gateway Leisure Park
Turnstone Estates has added Kervan Kitchen Restaurant Group to the line-up of operators at its £65m leisure development in Colchester.
Scottish hotel investment activity beats pre-Covid level
Scottish hotel investment volumes hit £185m last year, according to research from Savills. This represents a 166% increase on the £70m transacted in 2020 and is 12% up on the £165m recorded in 2019.
Hotel investment volumes surge 84% in 2021
Total 2021 UK hotel investment volumes hit £4.14bn, an 84.3% jump on 2020 volumes and just shy of the 15-year average of £4.22bn.
