AccorHotels today welcomed the Australian Competition and Consumer Commission (ACCC) decision to clear the acquisition of Mantra Group Ltd. The acquisition still requires approval from Mantra shareholders as well as approvals from the Federal Court and the Foreign Investment Review Board. Accor’s business is mainly focused on hotels and its brands include Sofitel, … [Read more...]
Search Results for: hotel acquisition
Acquisition of property in Milton Keynes for new easyHotel
easyHotel plc, the owner, developer and operator of super budget branded hotels, today announces that it has conditionally acquired a 125-year leasehold of part of Norfolk House on Silbury Boulevard, a central site in Milton Keynes. The development has already received planning permission and the acquisition will be completed subject to planning being finalised at the end of … [Read more...]
Starboard hotels ends the year with the acquisition of their 15h hotel
Derby’s Riverlights Holiday Inn hotel, a prime destination for tourists and business visi-tors to the region, has been acquired by Starboard Hotels, marking the completion of a busy and successful year for the privately owned operator of multi-branded hotels. As one of the UK’s fastest growing hotel businesses, the acquisition of the 105 bed-roomed Holiday Inn Riverlights, … [Read more...]
New hotel venture makes first acquisition in deal backed by Allied Irish Bank (GB)
A successful hotel entrepreneur has started a new venture with the acquisition of the Holiday Inn Leeds Bradford in a deal backed by Allied Irish Bank (GB) (AIB (GB)). Mr Anish Bir’s purchase of the Holiday Inn Leeds Bradford from Kew Green Hotels for an undisclosed sum is the first acquisition of his new venture following some 20 years in Allahabad in India, where he owned … [Read more...]
Redefine|BDL Hotels to manage £525 million acquisition portfolio
Redefine|BDL Hotels has announced that they will take over the management of a of 26 four-star luxury hotel portfolio on behalf of new owners, real estate investment company, Aprirose. The 26 hotels, which have an annual turnover of more than £190 million, were acquired by Aprirose from QHotels in a £525 million deal. The contract represents the continuation of a successful … [Read more...]