YOTEL has announced that a fund affiliated with Starwood Capital Group (“Starwood”), a leading global private investment firm, has committed to making a strategic investment of $250 million in YOTEL, including acquiring a 30 percent stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as YOTEL expands its … [Read more...]
Search Results for: hotel acquisition
Brakspear reports strong results for 2016
JT Davies & Sons, the parent company for Henley-based pub operator and brewer Brakspear, increased its turnover during the year ending 31 December 2016 by 14%, to £25.5 million and EBITDA increased 1% to £8.3m. Profit before tax was up by 33% to £6.6m assisted by the successful disposal of three sites during the year. Sales growth came from the managed division, where … [Read more...]
The Shore Grill & Fish House opens in North Queensferry following multi-million-pound investment
The Newcastle-based Cairn Hotel Group has unveiled the stunning new Shore Grill & Fish House at The Queensferry Hotel and the launch of the restaurant marks the completion of the first phase of a massive £15m investment in the local landmark hotel. Located on the headland above the historic town of North Queensferry, The Shore is the latest destination venue from the … [Read more...]
Onefinestay becomes global leader in luxury private rentals
AccorHotels announces the grouping of Travel Keys, Squarebreak and Onefinestay with the intention to integrate the three companies under the Onefinestay brand before the end of the year. The announcement signifies the finalizing of an agreement with the founders of Squarebreak for the acquisition of the entire share capital in the company. AccorHotels has owned 49% of this … [Read more...]
Q&A with Mark Gillings – Area General Manager for Cycas Hospitality
Starwood Capital Group recently announced the acquisition of four new extended-stay apart-hotels in London which will be operated by extended stay specialists, Cycas Hospitality. New Area General Manager for Cycas Hospitality, Mark Gillings, is about to open two of these properties, Marriott’s first extended-stay aparthotels in the capital; Residence Inn London – London … [Read more...]