London is in the midst of a property boom and looks set to become one of the world’s leading hotel markets, as strong growth in leisure demand turns the capital city into an increasingly popular tourist destination. This was the conclusion of an HVS London Update breakfast seminar held last week at the Charlotte Street Hotel, attended by over 70 hotel operators, analysts and … [Read more...]
Search Results for: hotel acquisition
PPHE Hotel Group secures funding for new London Hotel
PPHE Hotel Group Limited, which owns, leases, develops, operates and franchises full service upscale and lifestyle hotels in major gateway cities and regional centres, has announced that - following the completion of its acquisition of a prime site located near Waterloo London ("Hercules House") in June 2013 - it has nowobtained planning permission for the redevelopment of the … [Read more...]
Buell Business Exchange: driving direct hotel sales
Following the success of the Buell Business Advice Clinic at Hotelympia 2014 and based on the enquiries dealt with by the team during the show, the Buell Group has identified the four hottest topics currently on the industry’s agenda: Driving sales, cutting costs and increasing profits Business start-up in both the hotels and restaurants sectors Raising funding for … [Read more...]
Changing pricing practices in the UK hotel market
It has now been five months since the now-defunct Office of Fair Trading (OFT) released its ruling on pricing practices in the UK hotel market. To recap, the result of the OFT’s investigation, spanning over three years and with implications for all parties in the UK hotel marketplace, was to permit the discounting of sale rates by any party within their own closed groups of … [Read more...]
Dalata Hotel Group acquires 2 Dublin hotels
Dalata Hotel Group plc is to acquire two hotels in Dublin City Centre, the first acquisitions by the Group since its March 2014 flotation. Maldron Hotel Parnell Square The Company has agreed to acquire the freehold interest in the Maldron Hotel, Parnell Square, Dublin 1 for a consideration of €15.3 million. It is expected that the transaction will complete in August … [Read more...]