Over recent months, specialist property adviser Christie + Co has closed deals on high quality hotel assets to a value of £500m. Activity includes the recently completed sale of 12 QMH Hotels, LRG’s disposal of 21 Holiday Inn hotels, Cedar Court in York and the sale of The Lowry Hotel in Manchester. Demand from international investors This has been driven by a surge in … [Read more...]
Search Results for: hotel acquisition
Charles Prew to chair Nadler Hotels
Charles Prew has been appointed Chairman of Nadler Hotels with effect from 1 October 2014. He takes up the role following the retirement from the board of Rupert Clarke. The board wishes to thank Rupert Clarke for his valuable guidance during a period of change and growth. Charles Prew brings with him a wealth of experience in all aspects of the hospitality and leisure … [Read more...]
‘No’ vote delivers Redefine International acquisition in Edinburgh
Redefine International, the income focused UK Real Estate Investment Trust has purchased the Doubletree by Hilton Hotel in Edinburgh's city centre for £25.27 million, representing a net initial yield of approximately 6.9%. The Hotel provides 138 bedrooms which have recently been extensively refurbished to provide high quality flexible accommodation appealing to both business … [Read more...]
Hand Picked Hotels expands with Grand Jersey Hotel
Hand Picked Hotels, the 20+ country house hotel chain owned by Guy and Julia Hands has just reported results for 2013 - showing reduced turnover (at £59.9 million) and increased pre-tax losses at £9.1 million – and a major acquisition. Hand Picked Hotels has acquired Grand Jersey Hotel & Spa, expanding its portfolio to 21 properties and strengthening its position as a … [Read more...]
The Temple Bar Hotel, Dublin on the market
CBRE Hotels Dublin have been exclusively appointed by FBD Property & Leisure to bring prime Dublin city centre hotel asset - the Temple Bar Hotel - to the market and offer it for sale by private treaty as a going concern. This represents a rare opportunity to acquire a wonderfully located, city centre, contemporary hotel. Highly profitable 3 star city centre hotel The … [Read more...]