Choice Hotels Europe, the company behind the Comfort, Quality and Clarion brands, has revealed the positive findings of its fourth annual “European Hotelier Pulse-Check”, which assesses its hoteliers’ 2015 business imperatives and industry trends. Key findings include: 55% believe the hotel sector will realise sustained upturn 68% believe room rates will continue to … [Read more...]
Search Results for: hotel acquisition
Redefine|BDL Hotels adds 22 properties to portfolio
Redefine|BDL Hotels has been appointed to manage a prestigious portfolio of 22 hotels on behalf of LRG Acquisition Limited, consisting of 19 Holiday Inn hotels and three Crowne Plaza hotels. The move establishes Redefine|BDL Hotels as Europe’s largest manager of InterContinental Hotels Group franchised properties. The 22 hotels, which have annual turnover in excess of £200m, … [Read more...]
Hotel Du Vin acquires Wimbledon’s Cannizaro House
Hotel du Vin has made its 16th UK hotel acquisition within a stone’s throw of London. Wimbledon’s Cannizaro House, located within London’s green belt, will launch as part of Hotel du Vin in 2015, following a £1 million refurbishment. Cannizaro House has a rich history, dating back to 1819. Having played host to Lord Tennyson, Oscar Wilde and even the last Maharajah of the … [Read more...]
Dominvs to develop Oxford hotel
Dominvs Hospitality, has successfully acquired a key site for a hotel development in the heart of Oxford, the home of Oxford University, the oldest university in the English speaking world. The third key acquisition this year forms part of Dominvs Hospitality’s planned strategic expansion of hotels in prominent UK cities. The site is nestled between the Malmaison hotel, … [Read more...]
Dalata acquires Clayton and Whites hotels
Dalata Hootel Group has agreed to acquire the Clayton Hotel, Galway and Whites Hotel, Wexford for a total consideration of €31.7 million. 2013 EBITDAR (earnings before interest, tax, depreciation, amortisation, rent and management fees) for the Hotels was €2.5m. Both hotels, marketed by CBRE Hotels as part of the Ulster Bank Project Nadal, have been operated by Dalata since … [Read more...]