Zolfo Cooper, AM:PM and HVS have published the Q3 2014 Hotel Bulletin which analyses demand, supply, pipeline and transactions in the hotel market in 12 cities across the UK. This quarter the bulletin also looks at the impact that key events have had on the hotel industry during the last 150 years. RevPAR growth This quarter’s figures show average increases in RevPAR of … [Read more...]
Search Results for: hotel acquisition
London’s dinein.co.uk acquires MyDeliveryCab
Premium restaurant delivery service dinein.co.uk has announced that it has acquired MyDeliveryCab and secured 60+ new London restaurants. dinein.co.uk, London’s leading premium restaurant delivery service, is delighted to announce the 100% acquisition of MyDeliveryCab Ltd. MDC brings with it a network of over 60 restaurants including Cattle Grid, The Pepper Tree, and The … [Read more...]
New hub by Premier Inn for Edinburgh’s West End
International support services and construction group Interserve has announced a major hotel deal with Whitbread PLC for a new 150-bedroom hub by Premier Inn hotel in the West End of Edinburgh. The hotel will be developed and built by Interserve on a site in Torphichen Street. This will be the third major city-centre development scheme involving Whitbread’s Premier Inn … [Read more...]
Accor launches “Leading Digital Hospitality”
One year after the announcement of its new strategy and the redefinition of its business model around HotelServices and HotelInvest, Accor, the world's leading hotel operator with more than 3,600 hotels, is unveiling its digital strategy aimed at consolidating its leadership throughout the hospitality value chain. Global response to digital challenges The “Leading Digital … [Read more...]
Marriott reports outperformance in third quarter
Marriott International has reported third quarter 2014 results with net income totalling $192 million, a 20 percent increase over third quarter 2013 net income. Diluted earnings per share (EPS) totalled $0.65, a 25 percent increase from diluted EPS in the year-ago quarter. RevPAR rose 8.1 per cent, average daily rate rose 4.5 per cent, development pipeline increased to … [Read more...]