Despite a three percentage point decline in room occupancy, profitability levels remained stable forLondon hoteliers in February, according to the latestHotStats survey from TRI Hospitality Consulting. The 0.4% increase in Gross Operating Profit perAvailable Room (GOPPAR) to £54.30 was drivenby a 7.4% increase in Achieved Average RoomRate (ARR) to £122.60. As a result of the [...]
Archive for the ‘Hotel Consultancy’ Category
UK chain hotels market review January 2011
February 25th, 2011
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In January, whilst London hotels showed a Rooms Revenue per Available Room (RevPAR) increase of 3.3%, Gross Operating Profit per Available Room (GOPPAR) remained stable according to the January 2011 figures in the latest HotStats survey from TRI Hospitality Consulting. “After the strong bounce-back in 2010, it was almost inevitable that London hotels’ profit performance [...]
London faces sharp spike in luxury hotel supply
February 15th, 2011
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According to analysis by PwC, there could be a 27% increase in luxury rooms in London by 2012 with around 2,400 rooms in 18 hotels reported under construction or planned in London. If hoteliers have a good business case for refurbishing, building or operating in London they should consider showcasing their hotel to the world [...]
Wyndham’s flagship operation in the North of England
February 9th, 2011
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Acting on behalf of Quay Hotels Ltd, Christie + Co has secured Wyndham Hotels to operate the 202-bedroom Newcastle-Gateshead Ramada Encore Hotel. Construction has now commenced on the estimated £17m project, with completion due in March 2012 for what will be Wyndham’s flagship operation in the North of England. The hotel will occupy a strategic [...]
UK Chain Hotels Market Review – December 2010
January 27th, 2011
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The full year 2010 shows strong profit growth in London but stagnation in the provinces. London hotels showed a double-digit increase in profits, according to the 2010 figures in the latest HotStats survey from TRI Hospitality Consulting. The performance in the provinces, however, was less robust with Gross Operating Profit per Available Room (GOPPAR) dropping [...]
5 star Valencia Hilton Hotel sold
January 26th, 2011
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Acting as exclusive advisors to Eurohypo, and on behalf of Administrators, Christie + Co has sold the freehold of the 5-star, 304-bedroom Hilton Hotel Valencia in Spain’s third largest city, to Continental Property Investment (CPI), the Paris-based, investment company, for an undisclosed sum. This stylish, contemporary hotel, which was built in 2007 for a reported [...]
Cornish Coastal Hotels acquire the Wellington Hotel in Cornwall
January 26th, 2011
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New group Cornish Coastal Hotels acquires first property Acting on behalf of owner Paul Roberts, Christie + Co has sold the freehold of the Wellington Hotel in the village of Boscastle, North Cornwall, to new operator Cornish Coastal Hotels Ltd, for an undisclosed sum, off an asking price of £1.65 million. Situated at the harbour [...]
Devon’s Grade I-Listed Boringdon Hall Hotel sold
January 26th, 2011
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Acting on behalf of retiring owner, Paul Chapman, Christie + Co has sold the freehold of Boringdon Hall Hotel, the historic Grade I-Listed Elizabethan Manor House, near Plymouth, Devon, to experienced hoteliers the Nettleton family, for an undisclosed sum, off an asking price of £2.25 million. The imposing Manor House hotel is set within extensive [...]
UK Chain Hotels Market Review
January 5th, 2011
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One year on and profitability levels in London are still rising – RevPar growth is once again lost in costs in the Provinces London 12 months after London hoteliers recorded a dramatic return to profitability growth the capital continues to thrive, according to the latest Hot- Stats survey from TRI Hospitality Consulting. Following the massive [...]
UK Chain Hotels Market Review – October 2010
November 26th, 2010
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Growth in RevPAR hides the pain in the Provinces A growth in rooms revenue masked the reality of hotels in the Provinces suffering the biggest drop in year-on-year profitability levels since January 2010, according to the latest HotStats survey from TRI Hospitality Consulting. Despite a 1.6% increase in Revenue per Available Room (RevPAR) to £51.60 [...]
