Rowsley Ltd. is embarking on a new strategy in the hospitality business with the acquisitions of a hotel, cafe and hotel management company owned by the “Class of 92” Manchester United footballers. Rowsley, a publicly-listed real estate company based in Singapore, announced it will pay £29.1 million (S$64.1 million) for a 75% shareholding in each of the three companies … [Read more...]
Search Results for: hotel acquisition
Grantley Hall to become luxury hotel
Grantley Hall Ltd has recently acquired Grantley Hall. The Hall, dating back to the 17th century, is set in 30 acres of wooded parkland and grounds and will be transformed into a Luxury Country House Hotel and UK leading Spa together with exquisite formal gardens and a fine formal entrance with long drive running alongside the river Skell and lake. The development will … [Read more...]
Expanding East Anglian hotel group buys second Best Western
Christie + Co has announced the sale of the Best Western Priory Hotel in the popular town of Bury St Edmunds, Suffolk. The 3AA country house style property has been acquired for an undisclosed sum off a £1.25m asking price by the Cameron Ventures Group. It is the second acquisition for the company, which already owns and operates the extended and upgraded 40 bedroom Best … [Read more...]
Compass Hospitality acquires The Big Sleep Hotels’ portfolio in UK
Asia based Compass Hospitality Group has completed the acquisition of The Big Sleep Hotels’ portfolio comprising three hotels in Cardiff, Cheltenham and Eastbourne in the United Kingdom. The acquisition was jointly made with Singapore based Seacare Hospitality Pte Ltd. When the three hotels were first launched, Travel Trade Gazette described them as “travel lodges with sex … [Read more...]
Starboard Hotels announce sale of Smart City Hostel, Edinburgh
The multi award winning, 615 bed, Smart City Hostel in Edinburgh, operated by Starboard Hotels since 2009 is to be sold to Safestay plc, owners and operator of UK based hostels, for £14.9 million as part of a planned disposal by owners Blackfriars Property LLP. Completion of the sale is set to occur in September. The hostel, located just off the famed Royal Mile, was rescued … [Read more...]