easyHotel, the owner, developer, operator and franchisor of “super budget” branded hotels, has acquired a freehold office and restaurant at 47 Castle Street, Liverpool, where it intends to convert the offices to an easyHotel. The property is located in the centre of Liverpool, three minutes’ walk from the Liverpool One shopping area and the Cavern Club tourist attraction, … [Read more...]
Search Results for: hotel acquisition
UK hotel investment rises 47% to £1.89 billion in Q1 2015
International real estate advisor Savills has reported that total transaction volumes in the UK hotels market reached £1.89 billion in Q1 2015, marking an increase of 47% on the same quarter last year. The firm also highlights a substantial rise in portfolio acquisitions and disposals, which accounted for 65% of hotel transactions in the first quarter compared to 28% in Q1 … [Read more...]
Dalata to acquire Maldron Hotel Wexford
Dalata Hotel Group plc has entered into an agreement to acquire the Maldron Hotel Wexford. The Company has agreed to acquire the freehold interest in the Maldron Hotel Wexford for a consideration of €3.53 million. The consideration is payable in cash. Maldron Hotel Wexford is a 3 star hotel located at Barntown, Wexford. The hotel, which has recently completed a full … [Read more...]
Dalata reports strong performance amidst acquisitions
Dalata Hotel Group, the largest hotel operator in Ireland, announced 10 March 2015 its full year results for the year ended 31 December 2014. Financial Highlights Successful completion of IPO in March 2014 raising €256 million net of costs. Strong operating performance with revenue up 30.4% in 2014. EBITDA of €6.1 million, up 14.2% in 2014. EBITDA (excluding … [Read more...]
Harefield Manor Park Hotel, Romford sold
Specialist property adviser Christie + Co has sold the Harefield Manor Hotel in Romford, Essex, on behalf of Administrators. The hotel has been purchased for an undisclosed sum off a guide price of £3.5million by an experienced hotel operator who owns a number of hotels in East London. Conveniently located just 4 miles from the M25, the elegant Victorian property, … [Read more...]