The Reuben Brothers have acquired the former seat of the Central Bank of Italy on Parliament Square Rome and entered into contractual arrangements with Corinthia Hotels, the five-star hotel portfolio, to develop, lease and operate it as an ultra-luxury hotel. Plans are in hand for the conversion of the 7,500 m2 property into a luxury destination, featuring, in addition to … [Read more...]
Search Results for: hotel acquisition
Perle Hotels announce acquisition of Glencoe House
Perle Hotels has announced the acquisition of five-star Glencoe House Hotel in the Scottish Highlands, located in a commanding position overlooking the sea loch and mountains around Glencoe. Glencoe House was built by Lord Strathcona in 1896 and is perhaps best known for the bloody massacre in 1692 between the Campbell and the MacDonald clans. The house was … [Read more...]
Dakota Hotels create 120 new jobs and announce UK wide acquisition plans
Dakota Hotels has announced plans for rapid UK expansion following completion of its fifth property in the portfolio, Dakota Manchester creating over 120 jobs in the city centre. The new opening marks a major development for Dakota, which has become a popular lifestyle brand in Northern England and Scotland. As it opens its doors to Manchester the new, purpose-built … [Read more...]
£1 billion acquisition of Grange Hotels completed by Queensgate Investments
£1 billion acquisition of Grange Hotels completed by Queensgate Investments The acquisition of the Grange St Paul's, Grange Tower Bridge, Grange City, and Grange Holborn for circa £1 billion has been completed by Queensgate Investments. The combined assets within the portfolio comprises 1,345 London rooms in prime city and central locations within just under 1 million … [Read more...]
Is Airbnb’s latest acquisition a signal of sights on hotels and wider hospitality
Is Airbnb’s latest acquisition a signal of sights on hotels and wider hospitality As Airbnb announces plans to spend circa $465 million acquiring HotelTonight, the deal surely signals intent to further expand the company’s customer proposition with hotels. HotelTonight provides a service for people looking for last-minute hotel bookings, the acquisition of … [Read more...]