Starboard Hotels has completed the purchase of its first Scottish hotel, the 71-bedroom Holiday Inn Express Greenock (above) in Scotland. Just 20 minutes from Glasgow airport, the property is the latest addition to the company’s rapidly expanding portfolio, following the acquisition of the 58-bedroom Best Western Carlton Hotel in Blackpool last month. The hotel owner, … [Read more...]
Search Results for: hotel acquisition
Dalata Hotel Group announces strong half year, more acquisitions
Dalata Hotel Group plc, the largest hotel operator in Ireland, has announced its half year results for the six months ended 30 June 2014. Highlights Successful completion of IPO in March raising €256m net of costs Strong operating performance with revenue up 31% on H1 2013 EBITDA up from €0.9m in H1 2013 to €2.4m in H1 2014 Completed acquisitions of Maldron Hotel … [Read more...]
Topland acquisition of Menzies Hotels part of £1bn hotel strategy
As announced 2 December, Topland has acquired the parent company of Menzies Hotels from administration for close to £85m as part of an ambitious drive to build a £1bn hotel business. Topland Group, led by Sol Zakay, is one of the largest privately owned international investment groups. It already owns a number of hotels including Bath’s Royal Crescent Hotel, the Brighton … [Read more...]
Akkeron Hotels latest acquisition builds portfolio
Akkeron Hotels Group Limited (“Akkeron” or “the Group”) is pleased to announce that, through a subsidiary, it has today completed the acquisition of Forestdale Hotels Limited (“Forestdale”), which owns 18 hotels across England. This transaction will increase the number of Akkeron's hotels to 26 and will make it one of the largest regional hotel operators in the UK by … [Read more...]
Park Plaza Hotels announce successful acquisitions in Leeds and Nottingham
Park Plaza Hotels is pleased to announce that it has successfully acquired Park Plaza Leeds and Park Plaza Nottingham. Until this acquisition both hotels were operated under management agreements. This new development further strengthens Park Plaza Hotels’ market position as owner and operator of contemporary city centre hotels, which are known for offering real value … [Read more...]