The Indian conglemerate, which is run by Subrata Roy, paid £470m in cash for the hotel, which RBS took control of in 2003 when Le Meridien, the previous hotel owner, fell into administration. RBS owned the long lease, and the hotel was earmarked for sale in a bid to shrink the bank’s balance sheet. Sahara fought of competition from two other interested parties to secure the … [Read more...]
Monkbar Hotel demonstrates commitment to employee training
A York hotel’s continued commitment to staff development has seen almost half of its 75-strong team being awarded with nationally recognised qualifications. Five Best Western Monkbar Hotel employees were the latest in a long line to be presented with either Apprenticeship or National Vocational Qualification (NVQ) certificates. Picture shows from left... Babcock … [Read more...]
UK Chain Hotels Market Review
One year on and profitability levels in London are still rising - RevPar growth is once again lost in costs in the Provinces London 12 months after London hoteliers recorded a dramatic return to profitability growth the capital continues to thrive, according to the latest Hot- Stats survey from TRI Hospitality Consulting. Following the massive decline in profitability … [Read more...]
Park Inn hotel in St Helens sold
Acting on behalf of F.L Taylor, C.P Dempster and A.J Davison of Ernst & Young, Joint Administrators for W G Mitchell (Guernsey) No.9 Limited, Christie + Co has sold the freehold of the Park Inn St Helens, Linkway West, to Balaji Hotels, for an undisclosed sum, off an asking of £4 million. This 84-bedroom hotel comprises a 40-cover bar; 100-cover restaurant, five … [Read more...]
Stephen Fry helps The Clink restaurant join the SRA
The Clink restaurant at HMP High Down, Sutton has joined the Sustainable Restaurant Association (SRA) with the intention of increasing its own and others environmental awareness levels. Stephen Fry, actor, writer, journalist, comedian, television presenter and film director, kindly offered to cover the joining fee, supporting and believing in the vision of The Clink. He … [Read more...]