AccorHotels has announced the signing of an agreement with the Qatar Investment Authority (QIA), Kingdom Holding Company (KHC) of Saudi Arabia and Oxford Properties, an Ontario Municipal Employees Retirement System (OMERS) company for the acquisition of FRHI Holdings Ltd (FRHI), parent of Fairmont, Raffles, and Swissôtel. Outstanding opportunity Sébastien Bazin, Chairman … [Read more...]
Ennismore acquires Wedge House for The Hoxton, Southwark
Derwent London has sold Wedge House, 40 Blackfriars Road SE1, a 38,700 sq ft vacant freehold office building, for £33.5m before costs to Ennismore. Derwent London, in collaboration with Ennismore, obtained planning permission from the London Borough of Southwark this summer for a 110,000 sq ft hotel and office scheme. Ennismore will now undertake the development and operate The … [Read more...]
Highgate Holdings gains planning for Shoreditch Highgate Hotel
The London Borough of Hackney has granted planning consent for Shoreditch Highgate Hotel, located at 201-207 Shoreditch High Street, East London. The project is being developed by owner Highgate Holdings and designed by Gensler. Highgate Shoreditch Hotel is a 319,000 sq ft commercial building that comprises a 200-room hotel, as well as 127,724 sq ft of commercial space, … [Read more...]
easyHotel reports total system sales and profit before tax up 15% and 38%
easyHotel is an owner, developer, operator and franchisor of branded hotels. Its strategy is to target the "super budget" segment of the hotel industry and currently has three owned hotels in Old Street (London), Glasgow, and Croydon comprising 390 rooms, and a further 18 franchised hotels across Europe with 1,490 rooms. It has reported sales up 15% and profit up 38% for the … [Read more...]
Hand Picked Hotels to sell The Priest House to focus on expansion
Hand Picked Hotels has exchanged contracts to sell The Priest House Hotel, Derbyshire, as the group focuses on larger hotels for the award-winning collection. The Priest House Hotel is being sold to Derbyshire businessman Stuart Garner, CEO of Norton Motorcycles, based near the hotel in Castle Donington. The purchase is a personal acquisition by Stuart Garner. The hotel is … [Read more...]