Premier Inn, the UK’s leading hotel chain, has signalled a strong start to 2013 in Scotland by securing four new hotel sites – adding almost 400 bedrooms to its expanding estate in the country. The four new sites at Glasgow Pacific Quay, Perth, St Andrews and Stirling have been acquired as part of Premier Inn’s ongoing expansion across the UK to reach its target of 65,000 … [Read more...]
Search Results for: hotel acquisition
Interstate acquires Sanguine Hospitality
Interstate Hotels & Resorts – the US-based global hotel management company – has announced its entrance into the United Kingdom as the first US-based, third party management company with significant operating presence and a fully staffed team based in the U.K. Interstate acquired the management platform of Sanguine Hospitality, the Liverpool-based hospitality development … [Read more...]
Millennium & Copthorne: good performance, zero gearing
M & C has reported increased revenue per available room (RevPAR), firm control of costs, and strengthened financial position for 2012. Revenue and headline pre-tax profit increased on a like-for-like, constant currency basis, and hotels achieved good operating profit margins. Highlights for the full year 2012 • RevPAR up 3.9% primarily because of higher average room … [Read more...]
FORESIGHT: Who’s got the crystal ball for Mobile Commerce in hospitality?
Social media and mobile technology are now firmly established in the UK, though their use continues to grow exponentially, and the hospitality sector is working hard to employ them to best effect. Here, Peter Briffett, Managing Director, UK & Ireland of LivingSocial considers the implications and potential. Changing the way diners and guests select Social media and … [Read more...]
Twenty Pubs ‘n’ Bars sites on the market
Twenty sites from the Pubs ‘n’ Bars estate are being brought to market by specialist property adviser Christie + Co. The pubs, comprising a mixture of freeholds with vacant possession, long leaseholds, tenanted investment opportunities and managed houses, are predominantly situated in the south east of England — including four sites in London. However pubs are as far afield … [Read more...]