The Lalit Suri Hospitality Group will open a high-end boutique hotel in London by the end of 2014, after paying £15 million to acquire a prominent site, which will be converted into a hotel. Located near Tower Bridge in the City of London, the group has bought a ‘heritage’ building - St Olave’s was formerly a grammar school. The company will start the restoration and … [Read more...]
Search Results for: hotel acquisition
Qatar Holding to build Harrods luxury hotel chain
Qatar Holding, owner of London’s world famous store which it bought from Mohamed Al fayed for £1.5 billion in 2010, has announced that it plans to open Harrods hotels in major cities around the world: Kuala Lumpur, New York, Paris and London, as well as China, being first candidates. The upmarket hotels are designed to position Harrods as a truly global luxury brand, and … [Read more...]
Capita Symonds Launches Hotel Sector Partnership
Capita Symonds – the UK property and infrastructure consultancy - has announced a partnership with hotel developer Oxford Hotels and real estate investment vehicle Equiture to specifically target investment and asset management opportunities across the £10bn hotel sector. The partnership will focus on outright acquisitions of hotel investments and developments with … [Read more...]
EMEA Hotel Investment Market Q1 2012 – Strong activity in London and Paris
In the first quarter of 2012, hotel investment volumes in Europe, Middle East and Africa (EMEA) totalled €1.5 billion, a 39 % decline compared to Q1 2011. However, volumes in Q1 2011 were distorted by approximately €1billion from three significant transactions (Marriott Champs Elysées, Ritz Carlton Moscow and a large Accor European portfolio), so stripping these out, volumes … [Read more...]
Hotelympia VIP visitor programme and Michelin restaurant prizes
Villeroy & Boch the tableware providers to 10 in 8 have created the opportunity for three of our visitors to each win a voucher worth £250 to enjoy lunch or dinner at the 10 in 8 restaurant of their choice. The restaurants to choose from are...L’ortolan, based in Reading, Berkshire and already boasting one Michelin Star under Alan Murchison’s name. La Bécasse, based … [Read more...]