Award-winning Cornish brewers, St Austell Brewery, has announced the acquisition of five new pubs from Enterprise Inns: The Albion in Bristol, the Blue Ball Inn in Exeter, the George Hotel in Plympton, the Rose & Crown in Yealmpton near Plymouth, and the Cornish Arms in Tavistock. This brings St Austell Brewery’s portfolio to 173 across the south west, and follows a … [Read more...]
Search Results for: hotel acquisition
The Belfry sold: De Vere to manage
After considerable international interest from investors, the Belfry has been acquired by KSL Capital Partners, owners of Club Corp which owns or operates a network of more than 150 golf and country clubs, business clubs, sports clubs and alumni clubs in 24 states, the District of Columbia and two foreign countries. Situated on 54 hectares and housing the headquarters of the … [Read more...]
ASCOTT to acquire The Cavendish London
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has signed an agreement to acquire The Cavendish London in London for £158.8 million. Ascott will manage the 230-unit hotel, The Cavendish London, in the fourth quarter of 2012. The hotel, which has a rich heritage dating back to the 1960s, will be subsequently transformed into a … [Read more...]
Spectrum Interactive to be acquired by Arqiva
Spectrum Interactive is the UK’s largest independent provider of Wi-Fi and related services with a customer base that includes some of the biggest names in the hospitality, travel and retail sectors, including Premier Inn, Moto, Travelodge, and Radisson Edwardian. The Board of Spectrum Interactive has agreed terms with Arqiva - the communications infrastructure and media … [Read more...]
Greene King reports strong growth and record results
Strong preliminary figures for Greene King for the 52 weeks to 29 April 2012 show record results, good strategic progress and the expectation of delivery of sustainable growth. Highlights Retail like-for-like sales growth of 4%; food sales growth of 17%. Retail operating profit growth of 13%; EBITDA per pub over £200k for first time. Average EBITDA per pub in … [Read more...]