The serviced apartment sector is expanding fast in the UK and across Europe, with awareness of it increasing rapidly, and the options it offers – both business and leisure – becoming better known. For most serviced apartment operators, it is corporate travellers that provide the major revenue source: for Staycity, the reverse applies – over two thirds of revenue comes from … [Read more...]
Marriott Moxy for Aberdeen’s ABZ Business Park
An Aberdeen business park has signed up its third hotel operator with the announcement Inter IKEA will build a 200-bedroom Marriott Moxy at the ABZ site next to Aberdeen Airport. ABZ Developments Ltd say the combined schemes will add 470 bedrooms in the city and help ease Aberdeen’s long standing hotel bed shortage. Marriott International and Inter IKEA Property Division’s, … [Read more...]
Dominvs Group acquires prime London Tower Bridge site for hotel
The former Tower Bridge Magistrates' Court and Police station 0.62 acre site in Tooley Street London, has been acquired by the London based Asset Management firm, Dominvs Group. The 46,000sq.ft Grade II listed property lends itself well to a number of alternative uses, the most appropriate being a luxury 150-200 unit Hotel scheme that will regenerate and reposition the site as … [Read more...]
Tregarthen’s Hotel, Scilly Isles – scenery, history, investment opportunity
Tregarthen’s Hotel on the Isles of Scilly has a reputation and history that is unrivalled in the region. And now that the hotel is up for sale with specialist property adviser Christie + Co, a new buyer can etch his or her name into the property’s unique history book. The 33-bedroom Tregarthen’s Hotel is set in a stunning location, overlooking the azure waters of St Mary’s … [Read more...]
Whitbread expanding fast with ‘hub’ format
Whitbread has announced deals for two prime City of London sites for its innovative new 'hub by Premier Inn' format, adding more than 350 bedrooms to the 'hub by Premier Inn' secured development pipeline The new sites – on St Swithin’s Lane near Bank, EC4, and on Quaker Street, Shoreditch, E1 – take the total number of secured ‘hub by Premier Inn’ development sites to nine … [Read more...]