The rapidly expanding Surya Hotels group has swelled its portfolio by a further four hotels after announcing the acquisition of a multi-million pound line up of Dragonfly Hotels. RBS appointed Colliers International’s Hotel Agency Team to sell the Dragonfly portfolio in July 2015. The chain, which operates in five key locations across East Anglia, has an estimated joint … [Read more...]
Demand for hotel acquisitions prompts early exit by investors
Strong demand for hotel acquisitions prompting private equity investors to sell their assets ahead of the usual investment time-frame, continued consolidation amongst the branded hotel chains, and the impact of recent terrorist activities are the key issues facing the European hotel sector into 2016, according to global hotel consultancy HVS. Demand to continue Looking … [Read more...]
Irish hotel sales top record €1bn in 2015
The value of hotel sales in Ireland topped a record €1bn in 2015 according to property consultants, Savills Ireland. In its upcoming report on the hotel sector, Savills notes that demand for hotel assets was consistently strong in 2015 due a wide range of positive factors, such as the 14% growth in overseas visitors, Dublin hotel RevPAR (revenue per available room) growth of … [Read more...]
Rocco Forte Hotels announces brand wide spa proposition
Rocco Forte Hotels has announced Rocco Forte Spas, which has launched for January 2016. The new offering is born from the desire to find wellbeing in all the environments that surround us, not only creating an unforgettable experience during a stay at Rocco Forte properties, but also creating new habits that can be continued at home. At all Rocco Forte Hotels, the new spa … [Read more...]
Roomspace opens Vertex House, Croydon
Roomspace, headquartered in Wimbledon, S.W. London, the UK’s longest established and leading serviced apartment provider, have announced the opening of their second apartment building in the commuter town of Croydon, Vertex House. These brand new apartments are in the heart of Croydon and are perfectly placed to meet the increasing needs of this busy commuter hub. With … [Read more...]