Hotelympia 2016 witnessed a ‘highly significant’ spike in attendees hungry for the very latest hospitality technology, effectively doubling its tech-focused audience from 14% in 2014 to 24% at this year’s event. The spike has been attributed to a pre-show push by Hotelympia organiser, Fresh Montgomery, in highlighting the wealth of over 80 innovative, technology-focused … [Read more...]
Search Results for: hotel acquisition
Shepherd Neame: Trading Update & Acquisitions
Trading update Shepherd Neame, the Kent-based brewer, pub and hotel operator, today updates the market on trading for the 49 weeks to 4th June 2016. Like-for-like sales in managed houses were up + 4.6% and like-for-like EBITDAR1 in the tenanted estate for the 48 weeks to 28th May up +2.4%. Own beer volumes excluding contract were down -0.7%. The results for the year … [Read more...]
Newcastle’s Cairn Group on major acquisition drive following refinance deal
One of the UK’s premium hotel and bar operators based in the North East has successfully refinanced £101m with the help of HSBC, in a deal supported by Mincoffs Solicitors LLP. Cairn Group, a privately owned business, will use £50m of the total pot for acquisition and development to strengthen its portfolio, which already includes 26 hotels and more than 30 bars and … [Read more...]
Council to fund construction of hotel, restaurants and cinema complex
Ashford Borough Council is to fund construction of a town centre leisure complex including a hotel, cinema, and restaurant / retail units. Councillors have agreed to fund the construction of the long-awaited Elwick Place development in Kent. Developer Stanhope PLC was given planning consent for the £75 million scheme in December 2015. It will transform a vacant brownfield … [Read more...]
Coaching Inns operator expands further following acquisition
Independent coaching Inns operator, The Coaching Inn Group has further strengthened its expansion programme with the acquisition of The Golden Lion in St Ives, Cambridgeshire. The deal, worth more than £2m, is part of the Group’s £20 million expansion plan, which has now seen them acquire five sites in the past 12 months. The 18th Century, 25-bed Golden Lion offers a … [Read more...]