Acting on behalf of Princeton Hotels and Investments Limited, Christie + Co has sold the 90-bedroom Allesley Hotel, near Coventry, to Talash Hotels Limited, for an undisclosed sum. Set within a five-acre site, the hotel, which is situated approximately two miles from Coventry city centre and near Birmingham Airport and the NEC, also features a 90-cover restaurant, an … [Read more...]
Travelodge acquires 52 Innkeeper’s Lodges
Travelodge, the UK’s fastest growing budget hotel chain, today announced the biggest transaction in the hotel sector since 2008, by acquiring the leases of 52 Innkeeper’s Lodges (1994 rooms) from restaurant and pub operator Mitchells & Butlers. This deal will boost Travelodge’s estate to 452 hotels and increase its room stock to 30,504 across the UK, Ireland and … [Read more...]
Syon Park’s Waldorf Astoria hotel to open in November
This is the first look at a £60m luxury hotel – complete with its own butterfly house in the lobby – which is due to open in Syon Park in November. Visitors to the Waldorf Astoria will be able to enjoy trout fishing, an ice-cream parlour and a celebrity plastic surgeon will even be on hand if guests would like a discreet nip and tuck. Hilton Worldwide announced on … [Read more...]
Money Never Sleeps
How to manage revenue in an age of instant information By Jean Francois Mourier, CEO of REVPAR GURU A highly anticipated movie coming out later this summer (the Wall Street sequel) contains a great truth in its title: Money Never Sleeps. That is a lesson that financial firms learned long ago, but one that hotels have been slow to internalize. In the age of 24-hour … [Read more...]
IHG expands Hotel Indigo network in London
InterContinental Hotels Group (IHG) is growing its boutique hotel portfolio opening a new Hotel Indigo in London today, situated moments from the city's iconic Tower Bridge. Located on Minories in the City of London, between Aldgate and the Tower of London, Hotel Indigo London Tower Hill has 44 bedrooms and two suites. The converted office building will offer guests … [Read more...]