European hotel transaction volume totalled €23.7 billion in 2015, a record level and an increase of 66% on the previous year, according to the annual European Hotel Transactions report, published this week by HVS and its brokerage and investment services division HVS Hodges Ward Elliott. The year outperformed pre-downturn levels driven by an extremely active portfolio … [Read more...]
AccorHotels HotelInvest division eyes growth opportunities in the UK
The HotelInvest division of AccorHotels, the world’s leading hotel operator, will open five new hotels in the UK in 2016 and 2017, it has announced. In total HotelInvest will invest over £160m in the five upcoming properties to add to its existing UK portfolio of 97 properties (15,395 rooms). These investments include the flagship Novotel at Canary Wharf, London, which … [Read more...]
Multi award-winning Edinburgh hotel announces £1m refurbishment
Luxury, five-star Edinburgh hotel, The Chester Residence, is undergoing a £1 million refurbishment. This coincides with the property being voted second luxury hotel in the UK in the TripAdvisor Travellers’ Choice Awards for 2016. The refurbishment is being carried out by Aberdeen-based firms Ambiance Interior Design and Bentleys, a bespoke joinery manufacturer and interior … [Read more...]
Coombe Abbey hotel enjoys record year after welcoming more than 65,000 guests
A 12th century Warwickshire hotel has experienced a record year of growth after hosting more than 1,500 events – the most in its 21 year history. More than 65,000 guests have visited Brinklow-based Coombe Abbey for a host of public, private, business and leisure events such as medieval banquets, weddings, conferences and Christmas parties. Afternoon teas recorded the … [Read more...]
AccorHotels launches first UK TV ad campaign
AccorHotels, the world’s leading hotel operator, is launching its first UK TV ad campaign to promote its AccorHotels.com distribution platform. The ad will position AccorHotels as an online hotel company linking its hotels with its online presence and reinforcing that its best prices are guaranteed on the website. Thanks to AccorHotels’ expertise as a true online hotelier, … [Read more...]