AlixPartners, AM:PM and HVS have published the Q2 2015 Hotel Bulletin analysing demand, supply, pipeline and transactions in the hotel market in 12 cities across the UK. It also includes a focus on serviced apartments. RevPAR This quarter’s figures show an average increase in RevPAR of 4% across the UK, the lowest since Q1 2013. Glasgow recorded the highest RevPAR … [Read more...]
Search Results for: hotel acquisition
Kew Green Hotels acquired by HK CTS Metropark Hotels
HK CTS Metropark Hotels Co Ltd has purchased, through a wholly owned subsidiary company, the entire issued share capital of Kew Green Hotels Ltd. Kew Green owns 44 UK hotels with 5,179 rooms and manages a further 10 UK hotels for other owners. Senior Management has been retained with the intention of continuing to grow the business in the UK and throughout Europe. The … [Read more...]
Powerful OTAs remain a heavy burden on hotel profits
Online travel agents (OTAs) such as Priceline and Expedia have become ever-more powerful as a result of strategic acquisitions of smaller, regional players: Priceline now controls 62% of the European market, while Expedia holds around 70% of the US market. As a result, hotels that have become increasingly reliant on bookings from OTAs might soon be forced to work with just … [Read more...]
St Michaels Hotel and Spa in Falmouth offered for sale
The award-winning St Michaels Hotel and Spa in Falmouth is being marketed for sale by JLL and Stephen Page Associates. Offers in excess of £20 million are being sought. Located adjacent to Gyllyngvase Beach with views over Falmouth Bay, the hotel is just five minutes from the town centre and moments from the third largest natural harbour in the world. Full planning … [Read more...]
Ennismore to acquire Gleneagles Hotel
Ennismore, the London-based hospitality real estate group and developer of unique properties around the world including The Hoxton, has announced a major expansion with the acquisition of the famous Gleneagles Hotel in Scotland. The price has not been disclosed. Gleneagles and its associated facilities in Perthshire is being acquired from Diageo. Gleneagles Hotel was opened … [Read more...]