Fattal Hotel Group has today announced the acquisition of a prominent site on Adair Street, Manchester, marking the Group’s second deal in the city following its recent purchase of the Midland Hotel in October. Scheduled to be completed in early 2021, the new hotel will be operated by Jurys Inn and Leonardo Hotels UK and Ireland, and will be branded as a Leonardo Hotel. … [Read more...]
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Crest hotels expands with acquisition of Ludlow Hotel
The Feathers Hotel in Ludlow is under new ownership, having been acquired by Crest Hotels for an undisclosed sum. Crest Hotels is a privately owned and managed hotel group and the 17th century, 40-bedroom hotel is the latest addition to the company’s portfolio. Jason Hiley, Group Operations Director at Crest Hotels said: “This is an exciting time for the group and we are … [Read more...]
StayWell Holdings and Prince Hotels Inc. announce acquisition of The Arch London for The Prince Akatoki
StayWell Holdings, a subsidiary of Prince Hotels Inc. which is one of Japan’s leading hotel and leisure companies, have announced its first property under The Prince Akatoki brand, with the acquisition of The Arch London, which will undergo a refurbishment, rebrand and repositioning in 2019. The Prince Akatoki is a new brand reflecting visual elements synonymous with Japan, … [Read more...]
easyhotel updates on latest acquisition and new openings
easyHotel plc, the owner, developer and operator of super budget branded hotels, announces that it has opened three further owned hotels (Leeds, Sheffield and Barcelona) as well as two franchised hotels (Reading and Belfast). This takes the total number of owned rooms open to 1,130 with a further 1,938 franchise rooms now open. All five hotels are trading strongly and in line … [Read more...]
easyHotel plc – Trading update and acquisition of Chester site for development of 109-bedroom hotel
The Board of easyHotel plc, the owner, developer and operator of super budget hotels, today issues the following trading update for the six months ended 31 March 2018 (the “period”). Trading Overview The Group has continued to significantly outperform the budget market over the course of the period. Total system sales1 up 33.6% to £16.10m (31 March 2017: £12.05m) … [Read more...]