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All Retail, leisure & hotels articles – Page 6
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NewsSafestay sells Edinburgh hostel to a&o
Safestay has sold a hostel in Edbinburgh to a o Hotels and Hostels for £16m in a bid to strengthen its balance sheet.
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OnlineWest End businesses back £40m investment in the district
New West End Company has had its mandate renewed for another five years with more than 600 businesses from the London district committing to £40m of investment for the area in that time.
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OnlineSecure Income REIT posts 77% drop in earnings per share
Secure Income REIT has posted a 77% drop in earnings per share (EPS) for the year to 31 December 2020.
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OnlineMarriott International’s Aloft brand opens debut hotel
Marriott International brand Aloft Hotels has debuted in Birmingham with the opening of Aloft Birmingham Eastside.
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OnlineDalata hotels insists it’s ready for recovery as pandemic destroys profit
Covid-19 devastated revenue at Dalata Hotel Group with the lockdowns slashing income by 68% and leading to the Dublin-based group swinging to a €111.5m (£96.4m) pre-tax loss for the year to the end of 2020.
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NewsUK hotel investment activity nosedives 58%
Investment in the UK hotels market nosedived 58% in 2020 compared to 2019, data from Cushman Wakefield has revealed.
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NewsIbis budget opens at London Heathrow T5
A new ibis budget hotel has opened at London Heathrow T5, having previously operated as a Travelodge.
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NewsArc Cinema signs on at Ayr town centre
Boutique operator The Arc Cinema has signed a long-term lease with developer and investor Squarestone Asset Management to become the leisure anchor at the Kyle Centre in Ayr, Scotland.
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NewsGordon Ramsay academy coming to Woking
Celebrity chef Gordon Ramsay is opening a culinary academy this autumn at the Victoria Place development in Woking town centre.
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OnlineGovernment planning to extend commercial moratorium
The government is drawing up plans to extend the commercial property moratorium on evictions, which is due to expire at the end of March.
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NewsOver half of closures in the City were in hospitality and leisure
Last year, 54% of all closures in the City of London were hospitality and leisure units, of which 83% were national chains, according to new data.
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MarketsGet ready for a life of leisure
Are retail-focused high streets about to become a thing of the past?
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InsightWill lenders check out of hotels?
Companies in the travel and tourism industry have been among the worst casualties of the pandemic. According to PwC, the 2020 figure for revenue per available room (RevPAR) was the worst since benchmarking began, while UK hotel occupancy rates in 2021 are forecast to be 55%.
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OnlinePrezzo to close sites in pre-pack deal
Cain International has bought restaurant chain Prezzo out of administration in a pre-pack deal.
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NewsUK retail sheds ‘outperforming’ other retail assets
UK retail warehousing continues to outperform other retail segments despite the rise of online retailing and Covid-19, according to a report by Savills in conjunction with Ediston Property Investment Company.
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NewsAldar Properties enters management agreement with Time Out Group
Real estate developer Aldar Properties has entered into a management agreement with global media business Time Out Group to open new Time Out Market in Abu Dhabi’s Saadiyat Island.
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OnlineLandlords receive highest rent collection since start of pandemic
Landlords have received 65% commercial rent due for the December quarter, according to data from property management platform Re-Leased.
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OnlinePremier Inn set to open at 40 Eastbourne Terrace
Invesco Real Estate and YardNine have signed a lease with Whitbread for a 366-bedroom Premier Inn hotel as part of its mixed-use development at 40 Eastbourne Terrace.
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OnlineBoohoo acquires Debenhams’ brand for £55m
Online fashion retailer Boohoo has acquired the Debenhams brand for £55m and will re-launch it as an online-only brand.
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OnlineASOS emerges as frontrunner for Topshop bid
Online retailer ASOS is the front-runner to buy Topshop, the jewel in the crown of Philip Green’s Arcadia group.
