The Government’s current policy on social distancing is coming under increasing pressure to change from 2m to 1m within Conservative Party ranks. Former Conservative Party Leader and Secretary of State for Work and Pensions, Sir Iain Duncan Smith is leading the revolt as calls for relaxation of social distancing in line with World Health Organisation guidance … [Read more...]
Preferred Hotel Group acquires Beyond Green Travel
Preferred Hotel Group has today announced the acquisition of Beyond Green Travel – a world-renowned leader in providing sustainable tourism services and consulting, founded by ecotourism pioneer and global sustainability expert Costas Christ. Finalised on February 4, 2020, this is the first acquisition by the Ueberroth Family since they purchased Preferred Hotel Group, … [Read more...]
Just Eat acquires Grubhub – for $7.3 billion
Just Eat acquires Grubhub In a move that creates the largest food delivery business in the world Just Eat Takeaway has confirmed the acquisition of US Grubhub for $7.3 billion. The $7.3 billion deal is an all shares takeover that still requires a vote of approval from both shareholder groups, seeing Grubhub’s shareholders own 30% of the merged group. The new group will … [Read more...]
Pension fund acquires Gatwick Airport Hotel commercial ground rent
RPMI Railpen the investment manager for the £30bn railways pension scheme, has acquired the *commercial ground rent secured against a hotel next to Gatwick Airport. The former 185-room property is let on a 150-year lease to Axcel Hospitality Group. Formerly a Travelodge, Axcel Hospitality is to implement a comprehensive high-quality refurbishment of the hotel, … [Read more...]
McDonald’s opening walk in at 11 restaurants next week
McDonald's will reopen some of its restaurants next Wednesday to diners that wish to walk in and collect their food. The openings will be at 11 restaurants located in Roadchef service stations on 17th June, allowing diners to enjoy a visit ‘in’ for the first time since the lockdown was imposed in March. The QSR has said that only limited numbers of people will be … [Read more...]