Bouygues UK has confirmed a £26.6m contract to deliver the first UK venture for Michael Achenbaum, the man behind Gansevoort Hotel Group: a new boutique hotel set to debut in London’s fashionable Shoreditch area. The new 120-room luxury hotel will boast a rooftop pool and a lounge complex overlooking the capital’s financial district. It will also incorporate six suites, … [Read more...]
Lone Star snaps up Jurys Inn for £680 million
Royal Bank of Scotland will now recover some of the funds it has been holding in Jurys Inn after the hotel group was acquired in a £680 million deal. The four-star Jurys Inn chain, which has 25 hotels in the UK, has been bought by American private equity firm Lone Star Funds, ending the expensive investment by RBS which had lent to Irish property tycoon Derek Quinlan when … [Read more...]
Hilton Worldwide: leading the industry worldwide
In its first full year after completing one of the most successful initial public offerings in history, Hilton Worldwide has announced that it enters 2015 as the unmatched global hospitality leader by continuing to be: Number 1 in rooms in supply Number 1 in rooms under construction Number 1 in development pipeline Hilton Worldwide also continues to lead the industry … [Read more...]
Assured Hotels adds Yorkshire’s Cedar Court Hotels
Assured Hotels has been awarded the management of the independent hotel group Cedar Court Hotels, adding to the portfolio of hotels it manages on behalf of owners across the UK. The privately owned Cedar Court group started with its first hotel in Wakefield thirty years ago in 1985. Three more 4-star hotels followed, including at Ainley Top, near Huddersfield and Halifax, … [Read more...]
And the hotels winner is … (almost) everyone!
Strong December results contributed to a great year for the UK hotel industry with gross operating profit per available room (GOPPAR) showing growth for London and the UK Provinces compared to 2013. South West hoteliers brought their share to the nation’s success with GOPPAR increasing by 9.0% in 2014, according to the latest data from the HotStats UK Chain Hotels market Review … [Read more...]