All Retail, leisure & hotels articles
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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.
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Whitbread 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.
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Essential retail space propped up by out of town retail market according to Savills research
A quarter of all UK retail floorspace remained open during the lockdown, propped up by the out of town market, according to research from Savills.
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Travelodge’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.
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JR Capital purchases Leeds City Centre asset for £4.35m
JR Capital has purchased a prime high street investment in Leeds City Centre for £4.35m.
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Intu Metrocentre lenders braced for restructuring clash
Intu Metrocentre’s lenders are set to appoint advisers in a potential move to negotiate a financial restructuring with the struggling shopping centre’s owners.
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Ei Group waives rent for 350 tenants after pressure from MPs
Britain’s biggest pub landlord has agreed to waive three months’ worth of rent for 350 tenants, according to The Daily Telegraph.
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MPs call on UK’s biggest pub landlord to offer rent holidays to tenants
A cross party group of 60 MPs has called on Britain’s largest pub landlord to offer a rent holiday for tenants to ensure the survival of the industry.
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Travelodge 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.
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Marriott International hotels begin re-opening
Marriot International is beginning to re-open its hotels globally as demand increases after a nose-dive in room bookings in April, according to Marriott boss Arne Sorenson.
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Three of the Big Four involved in potential Clarks restructuring
Three of the big four accountancy firms have been brought in for a potential restructuring of shoe retailer Clarks.
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Hammerson unveils launch of Next beauty hall
Hammerson has revealed the launch of a new premium beauty retail format in five of its flagship Next stores.
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IHG hotels become coronavirus isolation centres
Three IHG hotels are being turned into isolation centres for people entering the UK with coronavirus symptoms.
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Travelodge offers landlords lease extensions
Travelodge has offered landlords an extension on their leases to make up for future rent losses.
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Intu appoints restructuring officer and prepares action against non-paying tenants
Intu has appointed a chief restructuring officer as it prepares to take “robust action” against certain tenants who are refusing to engage in rent talks.
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Dalata’s Dublin room booking revenues tumble 24%
Dalata’s room booking revenues have plunged 24% in Dublin in Q1 2020 because of Covid-19, according to the hotel chains’ chairman.
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Travelodge landlords come up with alternative proposals
Landlords are coming up with alternatives to Travelodge’s proposed rent payment plan, tipped by Property Week last week .
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UK cities best placed for recovery in hotel sector
Edinburgh, Glasgow and Manchester are among key European cities that are well positioned for a recovery in the hotel sector.
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Landlords of 150 Travelodge hotels unite to organise payment proposal after rent cuts rejected
The owners of around 150 Travelodge hotels have united to come up with a payment proposal after the hotel operator’s call for rent cuts was widely rejected.
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Constellation refinances £340m facility on London’s Connaught and Berkeley hotels
Constellation Hotels has refinanced a ten-year loan on The Connaught and The Berkeley hotels in London.
