International real estate advisor Savills, on behalf of Grosvenor, has launched a full service hotel development opportunity at Springside, in Edinburgh, offered for sale at a guide price of £6.5 million. The hotel will be the latest phase in an ongoing mixed-use development by Grosvenor at Springside. In addition to 181 bedrooms, the proposed seven storey hotel will … [Read more...]
Gleneagles for sale?
Rumours are circulating that Diageo, owners of the internationally famous Gleneagles Hotel in Auchterarder, Scotland, are considering its sale. Gleneagles hosted the Ryder Cup last year, so is at a ‘high’ in terms of profile and visibility – perhaps a good time to sell? A spokesperson from Diageo commented: "Gleneagles is one of the UK’s finest luxury hotels and one of … [Read more...]
Hilton Worldwide partners with CIMC to develop first Modular Hotel at Bristol Airport
Hilton Worldwide has reached an agreement with modular building provider CIMC to develop the first hotel at Bristol Airport under its economy Hampton by Hilton brand. Financed and owned by CIMC, the hotel will be managed by Hilton Worldwide, drawing on its extensive experience of operating airport hotels at many of the world’s top transport hubs. Innovative modular … [Read more...]
UK hotel investment volumes up 90% in 2014
The total volume of hotel investment transactions in the UK increased by 90% in 2014, reaching an impressive eight year high of £4.3 billion according to Property Data. This follows the pattern of heightened economic recovery and coincides with the record year of total UK property investment volumes reaching £62.5 billion. Sentiment towards Travelodge improving In 2014, … [Read more...]
Another record year for Manchester’s hotel industry
Annual hotel occupancy data for the 2014 calendar year – supplied by STR Global Ltd and released by Marketing Manchester – shows that Greater Manchester hotels have completed their strongest year for hotel occupancy since records began. Manchester city centre achieved an average annual occupancy rate of 79%, building on the success of 2013 when rates matched a previous high … [Read more...]