Starwood Capital Group, a leading global private investment firm, has acquired one of Scotland’s leading independent hotel groups, The Town House Collection, for an undisclosed sum. The transaction will see Glasgow’s only luxury five-star property, Blythswood Square, and an award-winning, boutique hotel in Edinburgh, The Bonham, transfer ownership immediately. The Town … [Read more...]
Tourism to drive economic growth over next decade
Over a half a million new jobs will be created in tourism over the next decade according to VisitEngland. A bumper 2015 will kick start this decade of growth with an exceptionally high number of anniversaries and events happening this year. Cornucopia of stunning events and anniversaries in 2015 “England’s tourism industry can look forward to 2015 with confidence,” said … [Read more...]
Topland acquires Feathers Hotels Group
Topland Group led by billionaire Sol Zakay has exchanged contracts to acquire The Feathers Group, a portfolio of eight hotels with 726 bedrooms across North West England, including hotels in Liverpool, Chester, Preston and Manchester. The acquisition which is due to complete later this month is the latest in a bold investment strategy to expand its growing leisure division … [Read more...]
Redefine|BDL Hotels appoints Divisional Director
Redefine|BDL Hotels has appointed Joanne Taylor-Stagg to the role of Divisional Director. Formerly the General Manager of Crowne Plaza London – Docklands, Joanne joined the Redefine|BDL Hotels team in 2011. Joanne will now oversee operations across nine of the leading management company’s properties, including Crowne Plaza, DoubleTree by Hilton and Radisson Blu branded … [Read more...]
Record London hotel performance in December
STR Global’s preliminary December 2014 data for London indicates positive hotel performance. Based on daily data from December, London reported: increases in supply (+3.0 percent) and demand (+5.9 percent); a 2.8-percent increase in occupancy to 78.4 percent; a 5.3-percent increase in average daily rate to GBP141.56; and an 8.3-percent increase in revenue per … [Read more...]