Karen and David Richards, owners of The Idle Rocks, have acquired a second hotel property in the Cornish seaside village of St Mawes. The St Mawes Hotel, situated alongside the harbour, is at the hub of the village with an open bar that welcomes all and only 200 yards from The Idle Rocks. The 14 bedroom hotel will be refreshed with a refurbishment planned to finish in time … [Read more...]
Search Results for: hotel acquisition
Patron Capital acquires the Clarion Hotel IFSC Dublin
Patron Capital, the pan European institutional investor focused on property backed investments, has acquired the Clarion Hotel located in the International Financial Services Centre (or “IFSC”) in Dublin, a modern, 165-room, 4-star property which is very well located in central Dublin. The Hotel was acquired for €33 million. The Hotel was sold on the instruction of Kieran … [Read more...]
Bromley Town Hall to become boutique hotel
Cathedral Group Plc has exchanged contracts with the London Borough of Bromley to buy the Grade II listed Bromley Town Hall. As pictured above, this is a superb building that was once the centre of civic life in the town and the Group plans to turn it into a beautiful boutique hotel, wedding, conference and restaurant complex. The acquisition of the South Street car park next … [Read more...]
Transactional marketplace for hotels reasserts itself
A year which saw the average sale price for UK hotels increase by 5.7 per cent, also witnessed the transactional marketplace reassert itself - according to Business Outlook 2014, the annual state of the markets report by specialist property adviser Christie + Co. The year began with a big bang of portfolio transactional activity (Principal Hayley, Malmaison/Hotel du Vin, … [Read more...]
Positive 2014 for hotels says HVS
Hotels look forward to positive trading in 2014 but must adapt to demands for genuine service, says HVS London, commenting that the hotel industry in the UK and across Europe is facing a positive 2014 with demand on the up from both leisure and corporate guests, transaction activity set to improve, and lending becoming more easily available. Hotel development active Across … [Read more...]