Dominvs Group, a real-estate investment, development and asset-management company, has acquired the Ralph Allen Building located in a prime central location in the historic city of Bath. This asset is part of Dominvs Group’s wider strategy of acquiring in key gateway cities such as Oxford, Cambridge and York. The property was purchased from Bath College and totals 40,000 sq … [Read more...]
Search Results for: hotel acquisition
Leeu Collection acquires its first London property
Leeu Collection has acquired its first London property, following an extensive search to find the perfect opportunity in the city. It is now the proud owner of 55 Newman Street, a former office building with detailed planning consent to create a 100-bedroom luxury hotel, in the heart of fashionable Fitzrovia in the West End. The property is due to open in 2019. Said Carrie … [Read more...]
Robust growth in first-quarter 2017 revenue: like-for-like increase of 7.4%
Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said: “The trends observed in the first quarter in the vast majority of regions reflect a favorable environment for the hotel industry. This is particularly the case in our three main markets, France, Europe and the Asia-Pacific region. The new businesses also performed well, thanks in part to the support … [Read more...]
Starwood Capital Group acquires Holiday inn Manchester City Centre
Starwood Capital Group, a leading global private investment firm, have announced that a controlled affiliate of Starwood Global Opportunity Fund X (SOF X) has acquired the 298-key Holiday Inn Manchester City Centre from Dominvs Group. Terms of the off-market transaction were not disclosed. The virtually brand-new property, which opened in April 2016, is situated in a prime … [Read more...]
Providence expands in the South West
The Fairtree Hospitality Real Estate Private Equity Fund has purchased four hotels in the South West after securing £16m worth of financing from NatWest. The fund, managed by international asset management company Fairtree Capital, has bought the hotels in locations throughout the region, including the Queens Hotel and the Palace Hotel in Paignton, Headland Hotel in Torquay, … [Read more...]