Five star Sheen Falls Lodge Hotel overlooking Kenmare Bay in County Kerry has been acquired by newly-formed Palladian Hotels & Resorts, which is apparently backed by Irish and international investors. Palladian apparently has ambitions to build a portfolio of luxury hotels and resorts in countryside settings across Europe, including the UK and Ireland. Paul Clark, … [Read more...]
Search Results for: hotel acquisition
Bespoke Hotels: delivering results for hotel owners
At the start of December, Bespoke Hotels took on the management of the 34 hotels of Oxford Hotels and Inns, expanding its eclectic portfolio of boutique hotels to 97 properties worldwide, though this was not in time to have a significant impact on trading over the Christmas period. However, it did spur H&C News to take the opportunity to look in more depth at Bespoke … [Read more...]
2013: ‘year of reckoning’ for UK regional hotel groups?
Jones Lang LaSalle has published its 2013 Property Predictions, based on a transitional year for the UK economy as recovery is slowly re-established, but anticipating movement in the hotel property sector. Economic context Commenting on the firm’s annual research, Guy Grainger, UK Chief Executive at Jones Lang LaSalle, said: “There have been some brighter signs of … [Read more...]
UK hotel transaction market slows
Hotel transaction activity across the UK totalled around £300m in the second half of 2012, significantly behind the volume and values reported in H1 2012 (c. £1bn) and H2 2011 (c. £2.5bn), according to analysis by Deloitte, the business advisory firm. Nick van Marken, global head of hospitality at Deloitte, comments: “Some recovery in the UK hotel transaction market was … [Read more...]
Ramada Birmingham Solihull hotel acquired by overseas investor
The Ramada Birmingham Solihull, brought to the market earlier this year by Christie + Co on behalf of the joint administrators of Ailsa Solihull Limited, has been sold. The 145-room hotel, located in the centre of Solihull, has been acquired by SGS Hotels (UK) Ltd, which is looking to build a small hotel group. SGS Hotels is a subsidiary of Indian company Subhash Gulati … [Read more...]