Eden Hotel Collection has announced the acquisition of the 64-bedroom Bovey Castle estate in the heart of Dartmoor National Park. It has bought the award-winning Bovey Castle for an undisclosed sum and is planning a major investment in the country house estate, which today includes an 18-hole championship golf course, spa, country lodges and an outdoor pursuits centre. The … [Read more...]
Search Results for: hotel acquisition
Accor purchases 97 hotels in Europe
Accor has announced that its HotelInvest business has agreed to purchase two real estate portfolios. Representing 86 and 11 hotels respectively (12,838 rooms) for a total consideration of about €900 Million. “These transactions send a strong signal of our capability to rapidly implement the strategy of restructuring the HotelInvest portfolio,” said Sébastien Bazin, Chairman … [Read more...]
Kew Green Hotels acquires the Holiday Inn Bromsgrove
The 4-Star, 110-bedroom Holiday Inn Bromsgrove has been acquired out of administration by Kew Green Hotels. The hotel was brought to market earlier this year by Christie + Co on the instruction of David Oprey, Richard Toone and Adrian Hyde from Chantrey Vellacott, Joint Administrators of Pederson (Bromsgrove) Limited. An extremely high interest in the hotel saw multiple … [Read more...]
Ednam House Hotel purchased
One of the Scottish Borders’s most renowned hotels, Ednam House in Kelso has been purchased by Guyzance Hall Ltd, for an undisclosed sum. The former 18th Century Mansion, located on the banks of the River Tweed in the centre of Kelso, has been purchased from the Brooks family who have owned and operated the hotel since 1928. This new acquisition adds to the Guyzance Hall … [Read more...]
Resurgent regional hotels boost UK leisure sector
Britain’s hotels are expecting 2014 to surpass the successes of 2013, according to the latest Hotel Britain report from accountants and business advisers, BDO LLP. This continuing improvement is being driven by a notable resurgence in the fortunes of regional hotels, which has seen areas outside London catch up with the phenomenal levels of growth experienced by the capital in … [Read more...]