The billionaire Reuben brothers are stumping up a loan for Middle Eastern royals in a refinancing of the Savoy Hotel on The Strand, it has emerged.
AZ Real Estate, the London and Moscow-based real estate consultancy, revealed it has brokered a £4m investment in the Hilton Hotel, Manchester Airport, on behalf of a private Russian equity investor.
Property investor LXi REIT has bought six properties, including a Nuneaton hotel, as part of its acquisition strategy.
Joint commercial property agents Colliers International and Knight Frank have completed the sale of the George Hotel in Penrith on behalf of their clients, Lake District Hotels Limited.
The FTSE 100 firm behind the Holiday Inn and Crowne Plaza chains said revenue per available room in the capital rose 3.6% in the third quarter. The rest of the UK slipped 0.4%.
Finance boss Paul Edgecliffe-Johnson said the firm’s famous Park Lane hotel had its strongest-ever summer.
Chevin Country Park Hotel & Spa, located near Leeds, has been sold in an off-market deal to Yorkshire-based buyers.
The boss of Millennium & Copthorne (M&C) Hotels has stood down three months after taking over.
The Dunsley Hall Country House Hotel, situated in the hamlet of Dunsley near Whitby, has come to the market with an asking price of £2.5m.
Budget hotels group easyHotel announced today it has bought a site on Blackpool’s Promenade in a £7.6m deal.
County Hotel in Kendal, Cumbria, to Daish’s Holidays, a family run hotel and coach holiday operator with sites in coastal resorts throughout the UK.
A distinctive Lake District boutique hotel, which was marketed at £2.1m, has been sold.
Belgrave Hotel, a 34-bedroom property close to Chester’s historic city centre, has been sold by real estate advisor GVA, on behalf of its owners.
Mansfield Town FC have been given the green light for a 100-bedroom hotel next to its One Call Stadium.
Property Alliance Group has secured full planning consent for a new 17-storey hotel at 55 Portland Street in Manchester.
Some six acres of development land has come to market after MEPC completed the preparation of of the are at Silverstone Park.
The land is already included in MEPC’s 2.1m sq ft of new planning consent which includes a range of potential uses from a gym and a nursery to offices, industrial units and/or a hotel.
IM Properties has bought a hotel development in Wales which is part of a major regeneration site.
Interserve has sold a major development in Edinburgh that has been hampered by delays as the company tries to put itself on a firmer financial footing.
An investment firm has snapped up a 148-bedroom hotel in York city centre for £15m
After holding an interest in Hilton Worldwide for nearly 11 years, private equity firm Blackstone Group has decided to exit the hotel chain operator by selling its about 5.8pc stake.
Specialist business property adviser Christie & Co has been instructed to sell Edgar House, a luxury boutique hotel overlooking the River Dee in Chester, with an asking price of £2.95m.
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