Kew Green Holdings Ltd has completed the acquisition of 19 Holiday Inn hotels from LRG Holdings Ltd, bringing its portfolio of Holiday Inns to 38 and making it InterContinental Hotels Group’s (IHG) largest Holiday Inn franchise partner in Europe. The hotels are located throughout the UK in prominent cities and commercial centres. They will continue to trade as Holiday Inn … [Read more...]
Search Results for: hotel acquisition
Acquisition of 144 Travelodges
HVS reports in its EMEA Hospitality Newsletter that Goldman Sachs, Avenue Capital and Golden Tree Asset Management have bought 144 hotel properties across the UK that are leased to Travelodge. The price quoted is around £520 million. The hotels were sold by Prestbury Investment Holdings, West Coast Capital, Aldersgate Investments and Lloyds Bank. The new owners each have … [Read more...]
Savills predicts regional hotel investment to reach £2 billion
Savills predicts that regional transaction volumes in the UK hotel market will reach £2 billion by year end, a 17% increase on the total for 2013, as stock issues in London drive investors to seek opportunities further afield. The regional share of all UK hotel transactions so far this year has risen to 59% from 44% during the same period in 2013, according to the … [Read more...]
Yorks and NE hotel market mirrors national trend
The hotel market in Yorkshire and the North East is experiencing an increase in transactional activity, due to rising levels of confidence and greater availability of debt. To-date, Colliers International’s 2014 transactions are up 50 per cent compared to the same period last year, reflecting the national trend of mounting investment in hotel assets. The upsurge in hotel … [Read more...]
Hotel du Vin veteran takes helm at Harbour Hotels
Leading coastal hotel group, Harbour Hotels, has announced the appointment of Michael Warren as its new Managing Director. Boasting an extensive record in the hospitality sector, Michael has spent the last 17 years working with Hotel du Vin and Malmaison Hotels, holding several senior management positions, most recently as Brand Director and COO of the Hotel du Vin Group … [Read more...]