Leeu Collection has acquired its first UK property, the acclaimed Lake District hotel, Linthwaite House. It is Leeu Collection’s first property outside of South Africa, where the group currently operates two hotels (Leeu House and Le Quartier Francais) and Leeu Estates is due to open in June 2016. Linthwaite House is a celebrated, four AA Red Star Hotel located in the South … [Read more...]
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Sound revenue growth in first-quarter 2016 from AccorHotels
First-quarter 2016 demand was strong in the majority of the Group's markets with revenue totaling €1,161 million, up 1.9% at constant scope of consolidation and exchange rates (LFL), and down 5.2% as reported. Sébastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said: “Overall, we got off to a good start in a majority of our regions in 2016. Only France and … [Read more...]
Disruptors dismissed and optimistic investor sentiment shown in cbre hotels mood of IHIF survey
92% of investors will commit to same or greater volumes of capital into hotels in 2016 Germany is top target market for hotel owners in 2016 During the recent gathering of the global hotel community at the International Hotel Investment Forum (IHIF) in Berlin, Founder Patrons of the event, CBRE Hotels conducted a survey to measure investor sentiment – The Mood of … [Read more...]
Beannchor plans expansion of little wing and announces phase II of Bullitt Hotel
Beannchor – Ireland’s largest hospitality group and owners of Belfast’s award-winning Merchant Hotel – has announced plans for expansion of its restaurant and hotel portfolio. New sites are currently being explored for the Group’s Little Wing Pizzeria chain, which currently includes six restaurants across Northern Ireland. Commenting on the news, Little Wing Managing … [Read more...]
easyHotel PLC Trading Update and Notice of Interim Results
easyHotel, the owner, developer, operator and franchisor of “super budget” branded hotels, today announces a trading update for the six months ended 31 March 2016. Trading Trading for the six months ended 31 March 2016 was slightly above the Board’s expectations. This performance was mainly driven by owned hotels like-for-like revenue up 8.0% for the six months to 31 … [Read more...]