City Marque, the London luxury serviced apartments operator, has secured investment worth £2.1 million through Santander’s Breakthrough programme, to finance the next phase of its expansion. Founded in 2009, City Marque offers an attractive and competitive alternative to London’s luxury hotels. The company provides high-end accommodation through apartments in cluster locations … [Read more...]
Macdonald Hotels profits up, refinancing in place
Macdonald Hotels has announced its results for year ended 28 March 2013 and confirmed a new 5 year banking facility totalling £299m with Lloyds Banking Group. As part of the refinancing the Executives now own 100% of the share capital. Group turnover of £138.6m resulted in an increase in operating profit to £14.9m (£13.8m) an increase of 7%. Group profit increased to £3.3m … [Read more...]
Manitowoc Multiplex Beverage Technology triumphs at Innovation Awards
The new beverage product launch from Manitowoc Foodservice – the Multiplex Blend-in-Cup - scooped the ‘Most Innovative Catering Equipment’ accolade at the 2014 Hotelympia Innovation Awards. The Multiplex Blend-in-Cup is the latest innovation in blended beverage equipment by the industry-leading equipment manufacturer. The workstation has been developed to help its customers … [Read more...]
New owners snap up Tenby’s Heywood Mount Hotel
New buyers have snapped up Tenby’s landmark Heywood Mount Hotel from LPA Receivers at Begbies Traynor in a deal brokered by sector specialists Colliers International. Described as the town’s leading hotel, Heywood Mount closed suddenly earlier this year, and new owner Claire Nutty said: “For those couples who arranged wedding receptions at the venue and have not been able … [Read more...]
KFC to deliver 6,000 jobs and five more years of growth in UK
Martin Shuker, Managing Director of KFC, the UK’s favourite chicken restaurant, has announced plans to open 150 new restaurants, creating 6,000 jobs, in the UK and Ireland over the next five years. 2014 marks Shuker’s tenth year at the helm of KFC UK and Ireland, and will see the company investing £21m to open 32 new stores before the end of the year, creating 1,300 new … [Read more...]