London’s Ritz Hotel, one of the best known hospitality ‘names’ in the world, was acquired last night by an unnamed buyer. The deal was announced shortly after it closed its doors on Friday, for the first time in 113 years in reaction to the COVID-19 outbreak. The deal with an unnamed Qatari investment fund was revealed with almost no further details by the acquirers legal … [Read more...]
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New head of Business Development Europe for Ascott
The Ascott has announced the appointment of Christian Desira as its new Head of Business Development and Investment for Europe. Desira will be tasked with helping to drive forward the company’s growth plans to reach 10,000 units in Europe and 160,000 units globally by 2023. With a strong commercial acumen and over 20 years’ experience in the hotel and commercial real estate … [Read more...]
Premier Inn Dublin opening brings Whitbread closer to being Ireland’s number one
Premier Inn’s parent company Whitbread is on target to cross the 1,000 operational hotel rooms in Ireland after announcing a new opening in Newmarket, Dublin. The new 150 bed Premier Inn hotel will be built in Dublin’s Liberties after it was announced that Whitbread secured the site. Premier Inn’s Head of Acquisitions for Ireland, Kevin Murray said of the opening: “Securing … [Read more...]
Olga Polizzi launches The Polizzi Collection
Olga Polizzi’s three elegant hotels across the South of England; Hotel Tresanton in Cornwall, Hotel Endsleigh in Devon, and her newest acquisition, The Star in East Sussex, will now be known as The Polizzi Collection. As usual, with Olga Polizzi at the helm, the new hotel’s interior design is exceptional. The Star will again show her preferred combination of quirky and … [Read more...]
LVMH hospitality sets sights on Mayfair with increased investment of half a billion
Following news last year that Louis Vuitton Moët Hennessy (LVMH) was planning to open a £500 million hotel in London’s Mayfair it has now also revealed plans to launch the first Louis Vuitton-branded restaurant, also located in Mayfair. In collaboration with property developer O&H, LVMH will convert a Georgian building on Grafton Street, Mayfair into a hotel, restaurant … [Read more...]