One of Colchester's most iconic and long standing hotels is under new ownership: Surya Hotels Ltd have been locked in negotiations since October 2014 to take over The George Hotel in Colchester, previously owned by Grangeside Limited and managed by Bespoke Hotels. The successful takeover has safeguarded the hotel's future, even though many were unaware there was a threat. It … [Read more...]
Search Results for: hotel acquisition
Oakman Inns agrees terms on Warwick acquisition
Following recent press speculation, Oakman Inns & Restaurants Ltd has confirmed that they have agreed terms with the key parties to take over The Lazy Cow in Warwick. Oakman Inns’ CEO, Peter Borg-Neal, commented: “We have held long discussions with Urban & Country Leisure (UCL) and the site’s freeholder, Downing Capital, and I am delighted to say that we have agreed … [Read more...]
Bulldog Hotel Group set for £20m expansion
Independent coaching inns operator the Bulldog Hotel Group is set for major expansion, following investment from sector-specialist investment company the Commer Group. The deal, for an undisclosed sum, sees Commer Group take a 20% stake in the business, with Commer Group Managing Director Edward Walsh joining Bulldog’s board as Finance Director. The investment creates a … [Read more...]
Topland acquires Feathers Hotels Group
Topland Group led by billionaire Sol Zakay has exchanged contracts to acquire The Feathers Group, a portfolio of eight hotels with 726 bedrooms across North West England, including hotels in Liverpool, Chester, Preston and Manchester. The acquisition which is due to complete later this month is the latest in a bold investment strategy to expand its growing leisure division … [Read more...]
Interstate expands UK footprint with six more hotels
Interstate Hotels and Resorts – the leading US-based global hotel management company – has announced six new hotels recently signed in the U.K. The additions continue to demonstrate Interstate as a top choice for independent management. Boasting an international presence for 20 years, Interstate holds significant hotel operating experience in Europe and is leading an … [Read more...]