All Retail, leisure & hotels articles – Page 12
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Insight
Retail needs a lifeline to survive
It’s hard to imagine how the past three months could have been any tougher for the retail property sector.
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Online
John Lewis to follow Primark and reject job retention bonus
John Lewis is set to follow Primark and reject the chancellor’s job retention bonus scheme.
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Online
Itsu explores restructuring options
Sushi chain Itsu has become the latest restaurant chain to explore restructuring options.
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Online
Boots to close 48 optician stores, axing 4,000 jobs
High street pharmacy chain Boots is set to close 48 optician stores, cutting 4,000 jobs.
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Online
Town Centre Securities collects 83% rent since March
Town Centre Securities has collected 83% of rent due since March 2020.
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News
Whitbread sales slump 79% amid hotel reopenings
Hotel operator Whitbread’s total sales in the UK have slumped 79.5% due to the mass closure of hotels in March.
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Online
Shiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
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Online
Smart Spaces to deliver Manchester’s first smart building
A leading smart-building operating system provider has been appointed to deliver Manchester’s first smart building.
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Online
LondonMetric completes £73m of acquisitions
LondonMetric has completed acquisitions worth £73m after its £120m equity placing in May.
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News
Legacy Hotels to take over historic Liverpool hotel
Legacy Hotels is to take over from Signature Living as the operator at 30 James Street hotel in Liverpool, reopening late next month.
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Online
Travelodge CVA approved
Travelodge’s creditors have voted to approve the proposed company voluntary arrangement (CVA).
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Online
Government extends ban on tenant evictions and releases code of conduct
The government has extended its ban on evicting commercial tenants and issued a code of practice for rental arrangements as the retail and hospitality sectors continue to suffer from the Covid-19 lockdown.
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Online
AllSaints enters CVA and proposes turnover-based rents
Fashion brand AllSaints is entering a CVA and proposing a move to turnover-based rents.
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Online
Travelodge CVA vote hinges on detail
The majority of Travelodge landlords will vote to approve the operator’s CVA, conditional on detailed documentation being provided by the operator.
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Online
Savills sells Forest Hill store for £19.1m
Savills has sold a 48,808 sq ft food store in Forest Hill, south London, to a private client of Wilton Estates.
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News
RPMI Railpen acquires Gatwick hotel ground rent
Investment manager RPMI Railpen has acquired the commercial ground rent secured against a hotel next to Gatwick Airport.
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Online
Whitbread raises £922m in share placing
Whitbread has received a 91.4% take-up in its share placing announced at the end of May, raising £922m.
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News
Frankie & Benny’s owner will permanently close up to 120 sites
Frankie Benny’s owner will not re-open up to 120 restaurants after the coronavirus lockdown has eased.
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News
Hotel owner operators must pick whether to stick or twist
Hobbled by rising debt and tumbling revenues, hoteliers now face the choice between repurposing and refurbishing.