Singapore-based real estate investment firm M&L Hospitality has acquired the former Arora Hotel Heathrow in a deal brokered by specialist property adviser Christie + Co. The high-profile hotel has been sold for an undisclosed sum off a headline price of £45 million following a highly competitive sales process. Jeremy Jones, Head of Hotels Brokerage at Christie + Co … [Read more...]
Starboard buys five ibis hotels from Accor
Hotel developer and operator Starboard Hotels has purchased five ibis UK hotels from HotelInvest parent company Accor, as part of a 32 million Euro portfolio sale of seven properties. The five hotels, in Gatwick, Plymouth, Birmingham Bordesley Circus, Sheffield, and Leicester, total 469 bedrooms, and will be operated by Starboard under the ibis franchise for a further 20 … [Read more...]
Whitbread appoints Alison Brittain as Chief Executive
Whitbread PLC has announced that Alison Brittain has been appointed as its next Chief Executive to succeed Andy Harrison, who has decided to retire from full time executive life at the end of February 2016. Alison will join the Company on 4 January 2016. Alison, aged 50, is currently Group Director, Retail Division Lloyds Banking Group PLC which she joined in 2011. … [Read more...]
Champagne volume and value remains buoyant
2014 was another fantastic year for both Champagne and Sparkling Wines with increases in both volume and value in the combined on and off trade channels. According to the fourth Lanson International Champagne Category Report 2015, Champagne sales will grow further as the industry continues to create more Champagne 'occasions' and more visibility by innovation — not just … [Read more...]
Sale of Woodbury Park Hotel and Golf Club tees off
International real estate advisor Savills, on behalf of Woodbury Park Hotel and Golf Club Limited, has brought to market Woodbury Park Hotel and Golf Club in Woodbury, Exeter for a guide price of £11.75 million. The 56-bedroom country house hotel features two restaurants, six conference rooms and a leisure centre with spa, gym, squash court and indoor swimming pool. Five … [Read more...]