International real estate advisor Savills has reported that total transaction volumes in the UK hotels market reached £1.89 billion in Q1 2015, marking an increase of 47% on the same quarter last year. The firm also highlights a substantial rise in portfolio acquisitions and disposals, which accounted for 65% of hotel transactions in the first quarter compared to 28% in Q1 … [Read more...]
Calcot Hotels acquires The Cotswolds88
Gloucestershire-based Calcot Hotels has added The Cotswolds88 hotel in Painswick to its portfolio of hotels. With previous owners Phil and Val Harris seeking to sell the 17-bedroom hotel as they planned their retirement, specialist property agent, Christie + Co approached Calcot Hotels as a potential buyer. Perched high within the historic hilltop town of Painswick (which … [Read more...]
Qatari investors purchase Bournemouth hotel portfolio
International real estate advisor Savills, on behalf of two private investors, has sold a portfolio of seafront hotels in Bournemouth to a successful Qatari group from a guide price of £16 million. The portfolio comprises the Suncliff Hotel, Cumberland Hotel and Cliffeside Hotel, offering a total of 282 bedrooms. The largest of the three is the Suncliff Hotel, which … [Read more...]
Gleneagles grows with Ryder Cup uplift to come
Gleneagles Hotels Ltd has reported for the year ended 30 June 2014, which includes some activity in the run up to the Ryder Cup but does not cover the period of the event itself in September 2014. Despite that, and with general economic conditions continuing to be favourable, turnover increased by 12% to £43.6m, while operating profit grew by £1.0m to £1.9m. Gleneagles … [Read more...]
Top 10 Conference Food Trends for 2015
Following extensive research among the 400 members of the International Association of Conference Centres, the association has released its Top 10 Conference Foods Trendsfor 2015 which are influencing meeting planners across the globe. Health, concentration, productivity Mark Cooper, IACC’s CEO, commented, “Planners are always looking for new and interesting ways to … [Read more...]