London Resort Company Holdings and SinoFortone Group have announced an intention for SinoFortone to invest an initial amount of £100 million in the London Paramount Entertainment Resort (London Paramount). This announcement is made following talks in China recently and after an initial Memorandum of Understanding was signed in August 2015. SinoFortone has access to significant … [Read more...]
IHG: continued momentum drives strong Q3 performance
IHG has reported both good momentum and strong performance across its operations. Highlights Global Q3 comparable RevPAR up 4.8%, led by rate up 3.6%. Expanded global scale: net system size of 727k rooms, up 4.3% year on year (2.7% excluding Kimpton); 16k rooms signed into the 218k room pipeline, highest Q3 hotel signings since 2008. Strengthened the position of the … [Read more...]
art’otel Signs Hotel Management Agreement at Battersea Power Station
On behalf of the Battersea Power Station shareholders, Battersea Power Station Development Company (BPSDC) and art’otel are pleased to confirm the signing of a hotel management agreement with lifestyle hotel operator art’otel. The hotel will be developed by Battersea Power Station and managed by PPHE Hotel Group, owner of the art’otel brand. The hotel art’otel london … [Read more...]
Leisure manager for English Lakes Hotels
English Lakes Hotels Resorts & Venues has re-enlisted one of its former general managers, Michael Kay, to take forward its leisure strategy and widen the range of recreational choices on offer for guests across its five venues in Cumbria and North Lancashire. Mr Kay first worked for the group as part of his HND placement, before securing a permanent role in 1993 and … [Read more...]
London hotel performance driven by Rugby World Cup
STR Global’s preliminary September 2015 data for London, England, indicates mostly positive performance in the key performance metrics. increases in supply (+1.7%) and demand (+1.6%); a 0.1% decrease in occupancy to 89.2%; a 6.5% increase in average daily rate to GBP 163.94; and a 6.5% increase in revenue per available room to GBP 146.29. Performance in London was … [Read more...]