This September, renowned London restaurant The Square welcomes new executive chef, Yu Sugimoto. Yu will lead the kitchen team at one of the UK’s most prestigious Michelin-starred establishments, located in Mayfair, London. A first for the industry, Yu is a Japanese chef taking charge of one of the leading European restaurants in the UK. During his career, Yu has amassed a … [Read more...]
Search Results for: hotel acquisition
Starwood Capital Announces New Urban Lifestyle Group, Principal
Starwood Capital Group, a leading global private investment firm, announced that it will launch PRINCIPAL, a new urban lifestyle hotel group, on 1st November 2016, following a capital investment in the portfolio of approximately £150 million. Principal is a collection of city-centre hotels based in landmark buildings in exceptional locations across the United Kingdom. The … [Read more...]
Brakspear reports strong results for 2015
J T Davies & Sons, the parent company for Henley-based pub operator and brewer Brakspear, increased turnover for the year ending 31 December 2015 by almost 13%, to £22.4 million. Operating profit increased by 19% to £6.9m, and profit before tax and exceptional items was up by 26% to £5.3m. Growth came primarily from the company's expanding managed house division, where … [Read more...]
Leisure Group to breathe new life into York venue
A NORTH East hotel and bar operator has announced the successful acquisition of the popular café bar known as “The Parish”, which operates from an 11th century property on the corner of North Street and Micklegate, York, retaining all 17 staff. Newcastle-based Cairn Group has plans to make a series of improvements to the York bar over the coming months which will be funded … [Read more...]
Three New Restaurant, Pub and Bar Openings Announced for ETM Group
Tom and Ed Martin, of privately-owned ETM Group, have announced the acquisition of a further three sites scheduled to open in the next six months – to include a City rooftop restaurant and terrace bar and a large pub split over two floors with added barbershop and brow and lashes concessions. The first new opening, Burdock, is due to happen in September at the brand new … [Read more...]