UK hotel investment volumes for 2014 are on track to exceed £3.5 billion this year with Q1 2014 volumes already totalling £952 million, according to Savills. £2 billion in market – more coming The firm notes that there is approximately £2 billion worth of hotel assets in the market currently with many more coming up for sale in the next few months. In particular, the market … [Read more...]
Search Results for: hotel acquisition
Dominvs Group acquires prime London Tower Bridge site for hotel
The former Tower Bridge Magistrates' Court and Police station 0.62 acre site in Tooley Street London, has been acquired by the London based Asset Management firm, Dominvs Group. The 46,000sq.ft Grade II listed property lends itself well to a number of alternative uses, the most appropriate being a luxury 150-200 unit Hotel scheme that will regenerate and reposition the site as … [Read more...]
St James’s Hotels acquires 14 Forestdale hotels
St James’s Hotel Group Limited has acquired 14 hotels across England from Forestdale Hotels Limited (in administration). The 14 hotels are unbranded three star hotels well situated in strongly performing locations, such as Bath, Cambridge, Bristol, and Winchester, the New Forest and the Cotswolds. The Group employs 600 people and has annual revenue of around £18 million. … [Read more...]
Hotel transactions reach peak as Middle East investors up interest
European hotel transaction volume in 2013 reached a new peak since the onset of the global financial crisis, signalling a comeback of the hotel real estate market. The 2013 European Hotel Transactions article, published by HVS London to coincide with the International Hotel Investment Forum [Berlin, 3-5 March], reports that total transaction volume across Europe reached €7.7 … [Read more...]
European Hotel Market Survey 2014 launched at IHIF
London will be the city of M&A growth in the hotel sector in 2014 according to a new report being launched by international law firm Berwin Leighton Paisner (BLP). The report presents the views of over 400 hotel industry professionals. Karen Friebe, BLP Hotels Group Partner and author of the BLP European Hotel Market Survey 2014, unveiled the research at Berlin’s … [Read more...]