Algonquin is pleased to announce the acquisition, along with a Group of Investors, of the 4-star, 209-room Novotel Liverpool Centre hotel for c.£13.5 million. The hotel has been acquired from Joint Administrators David Oprey, Richard Toone and Adrian Hyde of Chantrey Vellacott DKF. The hotel opened in November 2009 in a newly-built building. It comprises 209 rooms featuring … [Read more...]
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HYATT encouraged by recent trends in second quarter results
Hyatt Hotels Corporation has reported financial results, summarised here by Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation: “Our second quarter results were strong, with Adjusted EBITDA increasing over 19% compared to last year. RevPAR increased over 8% in North America as we experienced strong transient demand. Owned and leased … [Read more...]
Electric vehicle charging points to be available in most Greene King pubs
Electric vehicle charging pubs Greene King has confirmed that it will install electric vehicle charging points in all suitable sites across its 2,700 managed and tenanted pubs. The initial phase will see installation of electric vehicle chargers in 900 of Greene King’s managed pubs within the next 12 months, as part of the company’s sustainability strategy. The government’s … [Read more...]
Accor CEO reports “violent and unprecedented” first half 2020 finances
Accor have today released first half 2020 results that are an almost shocking reflection of the impact from Covid-19 on hotels and hospitality worldwide. The scale and scope of Accor enables a global picture of the crisis, presenting financial numbers emphasising how Covid-19 has hit their balance sheet. The first half of 2019 showed a profit of €141 million, in the … [Read more...]
Government make face masks mandatory in England
Late last night the Government changed from advising people in England to wear face masks where close contact with other people takes place, to making it mandatory from 24 July. Face masks became mandatory from 15 June for people travelling on public transport, this latest move will see it applied comprehensively. The move follows hot on the heels of a similar move by … [Read more...]