Web Reservations International (“WRI”), owners of the Hostelworld.com and Hostels.com brands, has agreed the acquisition of HostelBookers.com (“HostelBookers”), though the all-paper deal will require regulatory clearance before it can complete. Commenting on the deal, WRI’s Chief Executive, Feargal Mooney said: ‘We are delighted to have agreed the purchase of HostelBookers … [Read more...]
JCB acquires Travelodge Uttoxeter
In an unpredicted but logical move, JCB is investing around £1 million in purchasing and transforming a former budget hotel in Uttoxeter into high-class accommodation for employees and visitors to its World HQ. Completion of the acquisition of the Travelodge next to the A50 is scheduled for next month and once the deal is finalised, JCB plans an extensive refurbishment … [Read more...]
Gleneagles: challenging year as preparation for Ryder Cup gets under way
The economic environment continued to present a challenging backdrop for Gleneagles Hotels in the year to 30 June 2012. However, Gleneagles made further financial progress following the initial impact of the recession in 2010, with turnover increasing by 3% to £36.7m, and profit before tax flat at £591,000. Finance Director, David Kemp comments: Preparation for the Ryder … [Read more...]
Z Liverpool opens
Z Hotels opens its third property with the launch of Z Liverpool on 15 April. This opening marks the first time that the hotel group has expanded to a city centre location outside of London and Z Liverpool is well placed to deliver affordable stylish accommodation which caters to the needs of today’s traveller. Located in the heart of the city, on the corner of North John … [Read more...]
Fonab Castle Hotel appoints General Manager ahead of May launch
The Perthshire Highlands are set for an exciting addition in May 2013, when Fonab Castle Hotel in Pitlochry opens its doors. A five star (grading pending), traditional castle hotel, Fonab is nestled on the banks of Loch Faskally amidst breath taking highland scenery. The hotel will have a total of 26 rooms housed in the castle as well as in a tasteful modern annex. Most of … [Read more...]