The East London Hotel sold to new investment partnership

The East London Hotel has been sold to a joint venture between Crestline Investors and Avelios Group, an independent investment advisor, operating partner, and asset manager focused on European real estate and other asset backed investments. Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is a global institutional alternative investment management […]

Henderson Park to Acquire Significant Portfolio of Hilton 12 Hotels Across The UK and Ireland

London – Henderson Park, the European real estate investment platform, has exchanged contracts on the acquisition of a portfolio of 12 predominantly freehold Hilton branded hotels across the UK and Ireland, strategically located in key cities including London, Edinburgh, Glasgow and Dublin. The transaction is expected to close later this year. The 2,424 key portfolio […]

No smooth sailing for UK hospitality sector.

Resetting the hotel balance sheet to be fit for recovery was the theme of the latest conference organised by global hotel consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners. Addressing both in-person and online delegates, Graeme Smith, EMEA head of hospitality & leisure at AlixPartners […]

RBH Hospitality Management launches a new brand of hotel, Pocotel, in Glasgow

This month, RBH Hospitality Management has launched a new brand of hotel, starting with the opening of Pocotel Glasgow City Centre on Tuesday 5 October. The latest diversification within the group’s portfolio has seen the creation of ‘Pocotel’, a brand for small to mid-sized contemporary hotels that offer convenience, style and great value for money. […]

Hastings Hotels sells Slieve Donard Resort to US developer

Hastings Hotels has confirmed that the Slieve Donard Resort and Spa has been sold to US-based Adventurous Journeys (AJ) Capital Partners, a real estate developer and hotel operator that currently has over 40 hotels based in the US and UK.  Hastings Hotels, the largest independent hotel operator in Northern Ireland, said the sale was a […]

Highgate adds two sites to UK portfolio

Highgate, a leading real estate investment and hospitality management company, has announced two new additions in the UK market – the acquisition of Dorsett City London Hotel and the management of Grosvenor House Suites in London’s Mayfair District. The Dorsett Hotel London is located in London’s financial district and it is situated near Shoreditch, the […]

Normalcy

Across the world, governments are looking to re-establish normal life, convinced that vaccines will allow the threat of Covid to be practically downgraded to nothing more than a seasonal flu.   There is also increasing pressure from populations and the travel industry at large, to switch off restrictive practices that are increasingly seen as having little practical value, […]

Schroders backs German recovery

Fast expanding Whitbread has struck its largest deal yet in the German market, signing a 403 room Premier Inn in Berlin. The off-market deal sees Schroders Capital buy a hotel and hostel block in the German capital, rejigging three properties within it.   The seller Azure Hotels has agreed a long term leaseback on its 124 room One80 […]

UK business hotels become staycation ‘hotspots’, AGO finds

The UK hotel platform AGO has seen a shift in booking patterns, with a significant uplift in family and leisure bookings at its hotels in areas close to tourist hotspots, despite these sites previously being used mainly by business travellers. The hotel group saw a 29.5% increase in occupancy from June to July across these […]