British Land has announced five new retail and leisure lettings at Regent’s Place, its 13 acre mixed use campus in London’s West End, including Nuvola – an Italian outlet providing healthy fresh Italian food and coffee will debut with a 2,300 sq ft store also at Euston Tower The Refinery at Regent’s Place - London bar group Drake and Morgan which operates unique … [Read more...]
Record levels in February occupancy and ADR for London hotels
STR Global’s preliminary February 2015 data for London indicates positive hotel performance. Based on daily data from February, London reported: increases in supply (+3.5 percent) and demand (+4.1 percent); a 0.6-percent increase in occupancy to 77.3 percent; a 0.7-percent increase in average daily rate to GBP128.47; a 1.3-percent increase in revenue per available … [Read more...]
OLIM Property acquires seven more Stonegate Pubs
Coffer Corporate Leisure, on behalf of vendor PFA Acquisitions, has completed the sale of a portfolio of seven freehold pubs let to Stonegate Pub Company Limited or its subsidiaries, and benefiting from a guarantee by the full Stonegate covenant. The portfolio has been acquired by OLIM Property Limited for its discretionary pension fund and investment trust clients. The … [Read more...]
Rezidor signs UN Women’s Empowerment Principles and partners with G(irls)20
Rezidor, one of the most dynamic hotel companies in the world and a member of the Carlson Rezidor Hotel Group, has reiterated its commitment to advancing equality between women and men by signing the UN Women’s Empowerment Principles and partnering with G(irls)20, a global platform that places girls and women at the heart of the economic decision making process by working with … [Read more...]
Dalata reports strong performance amidst acquisitions
Dalata Hotel Group, the largest hotel operator in Ireland, announced 10 March 2015 its full year results for the year ended 31 December 2014. Financial Highlights Successful completion of IPO in March 2014 raising €256 million net of costs. Strong operating performance with revenue up 30.4% in 2014. EBITDA of €6.1 million, up 14.2% in 2014. EBITDA (excluding … [Read more...]