All Retail, leisure & hotels articles
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NewsBeaumont Properties gets green light for Knightsbridge hotel
The royal borough of Kensington and Chelsea has granted Beaumont Properties planning permission for its 120-bedroom hotel in Knightsbridge.
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News
Performance of unlisted retail funds took a nosedive in 2019
British Land’s Hercules Unit Trust is worst performer in MSCI/AREF index with a return of -34.3% last year.
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Online
Schroders raises €300m in first close of debut hotel fund
Schroders has raised €300m (£255m) in the first closing of its debut hotel fund, the Schroder European Operating Hotel Fund I.
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Online
Sidra poised to buy the Ritz from Barclay brothers
Sidra Capital is close to buying the Ritz hotel in London from the Barclay Brothers, according to the Financial Times .
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News
Kings Mall hailed as a ‘great location’ for small IKEA store
Deteriorating state of retail market has not put IKEA sister company Ingka off buying Hammersmith centre.
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Online
Proptech VTS launches retail leasing and asset management platform
Leasing and asset management proptech platform VTS has launched a new platform tailored to the needs of the retail sector.
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Insight
Hotels can learn from co-living sector
Editor: With Savills predicting an increase in UK hotel market activity this year , perceived stability in the market and the continued growth of the international tourist and staycation market, hotels are not alone in recognising the opportunities current market conditions offer.
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Online
Rogue City Hotels acquires third asset with Glasgow buy
Rogue City Hotels has purchased Wellington House in Glasgow for an undisclosed sum for conversion into a 98-bedroom luxury boutique hotel.
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News
Jigsaw demands a 30% rent reduction from its landlords
Fashion retailer Jigsaw has demanded a 30% rent reduction from its landlords and asked to delay rent payments in a bid to avoid becoming the latest casualty on the high street, Property Week can reveal.
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Online
Investment into London hotels set to reach record levels in 2020
Investment into London hotels could reach around £1.5bn in the first quarter of 2020, according to research from Savills.
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News
Trilogy prepares hotel application for TfL HQ
Trilogy Real Estate is preparing to submit plans to convert Transport for London’s (TfL’s) headquarters overlooking St James’s Park into a 500-room hotel.
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Online
Dalata ‘in line with expectations’ as Irish hotel group targets Liverpool opening
Ireland’s largest hotel operator Dalata has said earnings for the year will be “in line with market expectations” despite “tougher than anticipated market conditions in Dublin” during the second half of the year.
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Online
Number of UK pubs increases for first time in a decade
The number of pubs in the UK has risen for the first time in a decade, according to the most recent figures from the Office for National Statistics (ONS).
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Online
M&G sells assets from its frozen property fund
M G has sold six Travelodge hotels from its M G Property Portfolio, the fund that suspended trading last week after almost £1bn of withdrawals in less than a year.
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News
Hotel sector must follow lead of co-working business model
The hotel sector needs to follow the trend seen in the office market and offer more flexible-style co-working spaces on their premises to remain relevant, according to a new report.
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Online
NewRiver adds to pub portfolio with £18m Bravo Inns deal
NewRiver REIT has paid £17.9m for Bravo Inns to add to its burgeoning pub portfolio.
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News
Investment in UK hotel sector substantially down on 2018
Investment in the UK hotel sector reached just 52% of 2018’s full-year figures by the end of Q3 2019 and is likely to remain significantly adrift by the year-end, reveals the latest LSH hotels report.
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Online
Three Mike Ashley brands sign at Cascades Shopping Centre
Pension fund RPMI Railpen has signed three new retailers to its Cascades Shopping Centre in Portsmouth.
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Online
The Ability Group buy Cambridge hotel for over £55m
The Ability Group has bought The Tamburlaine Hotel Cambridge for a price in excess of £55m.
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Online
NAV and profit slumps at Landsec as retail woes continue to bite
Landsec has swung to a £147m loss and reported a 3.2% fall in net assets per share as the group’s retail portfolio continued to lose value following a raft of insolvencies and store chain collapses in the first half of the year.
