Drum Property’s Prime Four business park, Aberdeen has announced that it has signed De Vere up for Phase 2 of the development, to assume its tenancy by mid-2014 (subject to planning). The four star Village Urban Resort for De Vere, will be the hotel group’s first Village Resort in Scotland and will cover an area of approximately 101,000 sq ft. De Vere has leased the site … [Read more...]
Ramada Birmingham Solihull hotel acquired by overseas investor
The Ramada Birmingham Solihull, brought to the market earlier this year by Christie + Co on behalf of the joint administrators of Ailsa Solihull Limited, has been sold. The 145-room hotel, located in the centre of Solihull, has been acquired by SGS Hotels (UK) Ltd, which is looking to build a small hotel group. SGS Hotels is a subsidiary of Indian company Subhash Gulati … [Read more...]
Accor UK development pipeline
Hotel operator Accor is reported by Property Week to have acquired 4 sites for hotel development – one in London and as many as three in Edinburgh. The London site is at Marsh Street in Canary Wharf and is set to be a 310 room Novotel which will open in 2015. Edinburgh starts with a 103 room Ibis Styles in St Andrews Square, opening in later 2013. The other two properties … [Read more...]
Whitbread outperforms as it expands
Whitbread PLC has reported its trading performance for the third quarter to 29 November 2012, showing total sales up 14.4%, and like for like sales up across all parts of the business. Whitbread has outlined five-year growth milestones (to 2015/16) to increase the number of Premier Inn UK rooms to at least 65,000, to add 80-100 new Restaurants and to nearly double the size … [Read more...]
Kensington – Earl’s Court is 50th Hotel Indigo
Hotel Indigo, IHG’s upscale boutique brand, will reach 50 properties with the opening of hotels in London and New Orleans, two cities renowned for their rich history and culture, making them important markets for boutique hotels. Hotel Indigo has grown rapidly since its launch in 2004, and the openings of Hotel Indigo London Kensington-Earl’s Court and Hotel Indigo New … [Read more...]