Kew Green Hotels has acquired four Holiday Inn hotels from Stardon Capital Investments for an undisclosed sum. The four hotels, all branded Holiday Inn are located in Brighton, Norwich, Leeds and East Kilbride and will now undergo a comprehensive refurbishment programme by Kew Green’s in-house Capital Projects Team. ‘We are delighted to have acquired these hotels and look … [Read more...]
Search Results for: hotel acquisition
Millennium & Copthorne to acquire Chelsea Harbour Hotel
Millennium & Copthorne Hotels has announced that it is to extend its global hotel portfolio and has entered into a conditional purchase agreement with subsidiaries of Harcourt Developments Limited, an Ireland-based development company, for the acquisition of the leasehold interest in a hotel located within the Chelsea Harbour mixed-use development in London, SW10 0XG, and … [Read more...]
Dominvs Hospitality acquires key Aberdeen site for 2 hotels
Dominvs Hospitality, the Hospitality arm of the Dominvs Group, has successfully acquired a key hotel site in Aberdeen, the “Oil Capital of Europe”. The £30m acquisition and development forms part of the Groups planned expansion of strategically located branded hotels in key UK cities. The two adjoining hotels will total 251-bedrooms and will be built on the 4 acre plus site … [Read more...]
PPHE Hotel Group reports improving trading conditions
PPHE Hotel Group, which owns, leases, develops, operates and franchises full service upscale and lifestyle hotels in major gateway cities and regional centres, predominantly in Europe, has released its interim management statement for the three months and nine months ended 30 September 2013. Performance and highlights during the quarter ended 30 September … [Read more...]
UK Hotel Sales set to hit £3bn
According to Savills, the UK hotels market is set for a £3bn sales volume this year, with total sales so far reaching £2.4bn - 2.5 times the volume at the same point in 2012, with at least £600m expected to complete by the year end. Realistic pricing impacting sales Robert Seabrook, head of hotel investment at Savills, says: “A growing consensus on pricing has seen more … [Read more...]