International real estate advisor Savills has forecast that the Airports Commission’s recommendation for a third runway at Heathrow will see demand for hotel rooms soar by 42%, equating to an additional 3,500 beds. The firm also reports that 10-year average occupancy rates for airport hotels are around 78-79%, meaning they are particularly attractive to operators despite … [Read more...]
Hand Picked Hotels puts two hotels on the market
Christie + Co has been appointed by Hand Picked Hotels to handle the sale of The Priest House Hotel, Derbyshire (above) , and Seiont Manor Hotel, Caernarfon, as the group focuses on larger hotels of more than 30 bedrooms which fit the historic country house hotel style in the award-winning collection. Julia Hands, Chairman and Chief Executive, Hand Picked Hotels, said: … [Read more...]
Drake & Morgan #9: Drake & Morgan at King’s Cross
Drake & Morgan has announced plans to open its ninth site – a new bar and grill concept in King’s Cross – in late September. To be called Drake & Morgan at King's Cross, the site will be the group’s biggest yet at 14,500-square-foot, spread across two floors and comprising two bars and a restaurant, deli and lounge, private dining room and a series of bookable … [Read more...]
Whitbread opens 700th Premier Inn
Whitbread has opened its 700th Premier Inn in the UK, taking the fast-growing hotel brand through another major milestone and a step closer to 85,000 bedrooms by 2020 (up from approximately 59,000 bedrooms today). The new £12 million, 160 bedroom hotel in Kingston-upon-Thames (Wheatfield Way, KT1) is the latest opening from a strong development pipeline which currently … [Read more...]
ALMR supports Agent of Change principle
The ALMR has reiterated its support of the Agent of Change principle and urged local authorities to apply the principle in their planning and governing. The introduction of the Agent of Change principle in the UK would ensure that, when a music venue is already in place, any new residential buildings nearby would be responsible for paying for their soundproofing. Likewise, … [Read more...]