Young and Co.’s Brewery has acquired the entire issued share capital of 580 Limited, a company that through itself and its subsidiaries owns and operates four pubs in prime London locations. The total consideration is £10.4 million on a debt free basis. The pubs will all fit well within the Young’s and Geronimo managed house estate – they each have a premium offering and … [Read more...]
Search Results for: hotel acquisition
Edward Griffiths joins WSH Board
WSH, the parent company for leading catering and hospitality businesses BaxterStorey, Benugo, Searcys, Holroyd Howe, Caterlink and Portico, has today announced the appointment of Edward Griffiths, Deputy Master of the Royal Household, to its board. After spending fourteen years in the Royal Household, Edward will now return to work in the commercial sector, alongside … [Read more...]
D&D announces growth in revenue and profits
D&D London owns and operates restaurants in London, Leeds, Paris, New York and Tokyo and the 80 bedroom South Place Hotel in London, and its financial results for the year ended 31 March 2014 show increased turnover and profits. Highlights: Turnover +18% to £93.1m. (2013 £79.0m) EBITDA +18%. to £8.4m. (2013 £7.1m) Cash profits after financing costs + 16% to £5.5m. … [Read more...]
Investors rediscover a passion for golf resorts
With the Ryder Cup underway at Gleneagles in Perthshire, hotel investors are rediscovering the appeal of European golf resorts as the sector starts to regain its momentum. This year has seen in excess of €386m (£322m)-worth of major (over €10m) single asset transactions in golf resorts compared with none in 2013 and €128m (£107m) in 2012. European Golf Resort … [Read more...]
Staycity books into London’s Covent Garden
Leading serviced apartment operator Staycity has signed a 35-year lease on a site in London’s prestigious Covent Garden, giving the company 106 studio apartments. Staycity Covent Garden will open for business in December 2015 featuring a contemporary, luxury interior. The design will spearhead what will be the first of a deluxe Staycity brand planned for premium city centre … [Read more...]