All Retail, leisure & hotels articles – Page 4
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News
Hotel investment scheme directors disqualified for total 25 years
The directors behind an £8.9m hotel room investment scheme have been disqualified from running companies for a total of 25 years, according to the Insolvency Service.
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Helmsley Group’s York net zero hotel plan approved
City of York Council has approved plans for an 82-bedroom, city-centre hotel that developer and investor Hemsley Group said would be one of the first in the UK to generate net-zero greenhouse gas emissions.
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Pret A Manger secures 4,109 sq ft at The Avenue in the West End
AshbyCapital, the property investment advisory company, has let 4,109 sq ft of space at The Avenue development in London’s West End to Pret A Manger.
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Abrdn markets County Mall for the third time
Crawley shopping centre offered at further discount after failing to sell twice.
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Newbury hotel and golf club put up for sale
Donnington Grove Hotel & Golf Club in Newbury has been put up for sale for £10m by Sandtrend, its owner for the past 17 years.
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UKCM buys Leeds site for £62m hotel development
UK Commercial Property REIT (UKCM) has acquired a hotel development opportunity in Leeds from Marrico (Sovereign Square), a joint venture between Marrico and Helios.
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Has retail turned the corner?
Property Week asks what the post-Covid future of this continuously evolving market holds.
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LaSalle funds £50m Hammersmith Premier Inn development
LaSalle Investment Management has provided funding for the £50m development of a 189-bedroom Premier Inn hotel in Hammersmith, west London.
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Westbury Mayfair Hotel signs £90m redevelopment agreement with Marriott
Westbury Mayfair Hotel’s owner Cola Holdings has signed a management agreement with Marriott International, which will see the building undergo a £90m redevelopment.
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Online
Immersive experiences will drive resurgence in luxury hotels, say design experts
Changing consumer demands and a renewed focus on sustainable tourism has forced designers and developers to adapt their approach, according to global design experts from Perkins&Will and Accor.
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Markets
Hotel sector looks set to bounce back
UK market shows signs of recovery due to rise of staycations and aparthotels.
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Camden ‘lifestyle’ hotel awarded planning permission
Pan-European investor and developer RE Capital has obtained planning consent from Camden Council for its new lifestyle hotel in Camden, London.
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Queer Britain to open first national LGBTQ museum in King’s Cross
Charity Queer Britain has signed an initial two-year lease at 2 Granary Square in King’s Cross, central London, to open the UK’s first national LGBTQ+ museum.
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Online
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.
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Online
London hotel market not expected to recover until 2024
The London hotel market could potentially have a slower recovery from the pandemic than the rest of the country, according to new research from Cushman & Wakefield.
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Online
easyHotel aims to triple in size after securing new funding
Budget hotel chain easyHotel has secured a €50m (£42.6m) commitment from current shareholders Ivanhoé Cambridge and ICAMAP to support its future growth strategy.
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Online
Shaftesbury produces improving figures despite Covid-hit year
Chinatown owner Shaftesbury has posted an increase in net asset value and narrowed losses despite the Covid-19 restrictions having a “material impact” on its full year figures.
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Online
Travelodge set to open four hotels before Christmas
Travelodge is set to open four new hotels in the lead-up to Christmas, two of which open in London today.
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Markets
The decline and fall of malls
Property Week looks at why values have plummeted and asks if they have further to fall.
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Online
Tristan Capital completes first deal in new €500m hotel strategy
Tristan Capital Partners’ EPISO 5 Fund has acquired the first property of its new hotel investment strategy.