Travelodge, the UK’s first budget hotel chain has announced it is officially opening seven new hotels across the UK in the next six weeks leading up to Christmas. This expansion will create 140 new jobs, representing an investment of £68 million for third party investors and will boost Travelodge’s portfolio to 559 hotels. The seven new Travelodge hotels are located … [Read more...]
Search Results for: hotel acquisition
The owners of The Chester Hotel further commit to the city by buying neighbouring property
The owners of Aberdeen’s The Chester Hotel, located in the city’s west end, have purchased the neighbouring buildings. Graham and Gillian Wood, who also own The Chester Residence in Edinburgh, have acquired the category B listed properties at 55 – 57 Queens Road which were built in 1898. Adjacent to The Chester Hotel, the buildings are interconnecting Victoria granite … [Read more...]
Europe Hotels Private Collection acquires Parkhotel The Hague
Amsterdam-based hotel group, Europe Hotels Private Collection (EHPC), founded and owned by Liran Wizman, has announced the acquisition of Parkhotel The Hague. Parkhotel The Hague occupies a four storey, hundred-year-old building and boasts 120 rooms and five conference rooms varying in size. It is located in the centre of “Hofkwartier”, near the Royal Palace Noordeinde, … [Read more...]
AccorHotels signs an agreement to acquire Mantra Group Limited
AccorHotels today announced the signature of an agreement with Mantra Group Limited with the view to acquire all of the issued capital in Mantra by way of a scheme of arrangement to be approved by Mantra shareholders. Under the terms of the agreement AccorHotels would offer AUD3.96 in cash for each Mantra share including any potential special dividend. Sébastien Bazin, … [Read more...]
Andrew Brown takes on new role at Arora Hotels
Arora Group today announced that Andrew Brown has been appointed to the newly created role of Brands and Projects Manager, Arora Hotels. Formerly General Manager of the Group’s Savill Court Hotel, Andrew will have responsibility for overseeing the development projects for the hotel group working with all of the Brands as it enters a significant phase of expansion which will … [Read more...]