Consensus Capital Property, the private equity-backed property fund, and Premier Inn, the hotel chain owned by FTSE 100 company Whitbread PLC, have agreed a deal to transform a well-known Edinburgh office block into a hotel. The £17 million deal will turn the existing office space, formerly used by HM Revenue & Customs (HMRC), into a 127 bedroom hotel development with a 30 … [Read more...]
Search Results for: hotel acquisition
Latest moves – M&B/Orchid, Elior, IHG
After the recent announcements on restaurant floats and takeovers, it’s now the turn of hotels, catering and pubs, including the sale reported today of Amber Taverns. Mitchells & Butlers/Orchid Pub Company M&B is apparently nearing the acquisition of Orchid, having outbid competitors and entered exclusive talks to buy 180 of Orchid’s 220 pubs at a price suggested … [Read more...]
Fuller’s acquires The Windmill, Portishead
Fuller, Smith & Turner P.L.C, the London Brewer and premium Pub Company, has completed the acquisition of the freehold of the iconic Windmill in Portishead, further strengthening its presence in the South West, following recent acquisitions in Bath. Dating from the mid 19th Century, the Windmill has undergone a transformation during the past 16 years, while in the … [Read more...]
St Austell invests in Estate with two new properties
Award winning St Austell Brewery has announced further investment in its estate with the purchase of a Somerset pub and a Cornish hotel, adding to the growing company’s property portfolio across the South West. With the two new sites, the leading brewer and drinks wholesaler will now own and manage 170 inns and hotels across Devon, Cornwall and Somerset. The acquisitions … [Read more...]
Carlson sells TGI Fridays
Carlson, the global hospitality and travel company, announced that it has entered into a definitive agreement for the sale of TGI Fridays® Restaurants to Sentinel Capital Partners and TriArtisan Capital Partners. Though financial terms were not disclosed, a price of between $800 and $900 million is rumoured. The transaction is expected to close by July 2014. Frees … [Read more...]