Britannia Hotels has increased the size of its hotel portfolio to 43 with the acquisition of its second Scottish site - the Waterside Inn in Peterhead. The 105-room Waterside Inn is located in the north of Peterhead some 35 miles from Aberdeen. It has extensive conference and leisure facilities and hosts a leisure club, encompassing a swimming pool, spa, steam room and gym, … [Read more...]
Millennium & Copthorne: good performance, zero gearing
M & C has reported increased revenue per available room (RevPAR), firm control of costs, and strengthened financial position for 2012. Revenue and headline pre-tax profit increased on a like-for-like, constant currency basis, and hotels achieved good operating profit margins. Highlights for the full year 2012 • RevPAR up 3.9% primarily because of higher average room … [Read more...]
Accor: sustained growth and solid results in 2012
Accor, the world's leading hotel operator and market leader in Europe, with nearly 3,500 hotels and 450,000 rooms and an extensive portfolio of hotel brands – Sofitel, Pullman, MGallery, Grand Mercure, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles, ibis budget and hotelF1 – has reported solid results for 2012 at the same time as it begins a period of … [Read more...]
New hotel for Baxter’s Place, Edinburgh
Chris Stewart Group, Edinburgh plans to develop 1-5 Baxter’s Place, Edinburgh into a 200+bedroom 4-star hotel, and is in the process of selecting a hotel operator for it. Baxter’s Place is located at the top of Leith Walk and to the east of St Andrew’s Square. Sitting within the boundary of the World Heritage Site and adjoining the “St James’ Quarter Development Area”, … [Read more...]
Lessons from study into most ‘relevant’ hotel brands
A recent study by Brodeur Partners looked into the heart of what really matters when it comes to online conversation about hotel choice and has come up with intriguing answers. The Key Findings (see below) are worth all hotels considering carefully and applying to their own business. The study reveals that Hilton, Marriott, and Four Seasons (in that order) have the … [Read more...]