By Angela Green Hotel News is sponsored by Guestline Apex Hotels have announced the acquisition of Pine Trees Hotel in Pitlochry, stating the acquisition represents the first step in an ambitious expansion plan targeting further acquisitions in popular UK destinations. Pine Trees is a 4-star 32-bedroom classic Scottish country house hotel including a 6-bedroom coach … [Read more...]
Search Results for: hotel acquisition
Authenticity drives Uzbekistan hotel acquisition
Uzbekistan since leaving the former Soviet Union has made significant efforts to distance itself from past links with the communist empire. A part of Central Asia that not so very long ago few had heard of let alone visited. After leaving the Soviet Union in 1991 Uzbekistan tried hard to open its doors to tourism. Hotel Uzbekistan opened in 1974 and catered largely … [Read more...]
$5.8 billion lawsuit over stalled hotel acquisition
Chinese Insurance giant Anbang are suing South Korea’s Mirae Asset Management for failing to complete the $5.8 billion acquisition of a US hotel portfolio. The lawsuit was initiated in the US on Monday, following Mirae’s failure to secure finance to complete the acquisition. The hotels that were to be acquired included JW Marriott Essex House in Manhattan, New … [Read more...]
NH Hotel acquisition completed 24 hours ago
Eastern Property Holdings, a Swiss based investor in and operator of hotels announced yesterday the acquisition of a 90% of interest in the Nhow Hotel, part of the NH Hotel Group in Berlin, Germany. The acquisition from the Jesta Group did not disclose the acquisition price. The Nhow Hotel in Berlin comprises 304 rooms, 86 underground & 39 surface parking spaces, a spa, … [Read more...]
Hotel acquisitions continue amid uncertain times
As hotels around the world stare at the current situation around COVID-19 and diminishing occupancy, buyers are still in the market to acquire properties. Two in recent days have been seen, the fist being a joint venture between Singapore-listed Soilbuild Construction Group and iProsperity, an asset manager which manages funds for Chinese high net worth individuals. The … [Read more...]
Hotel acquisition sees staff training and new job creation as top 2020 priorities
The largest independently-owned hotel in Rotherham is under new ownership and the team behind the acquisition have wasted no time in announcing plans to invest a seven figure sum in the popular three star venue. Aiming to establish Carlton Park Hotel as one of South Yorkshire’s premier destinations, the hotel is set to become the flagship destination new owners Red Admiral … [Read more...]
Olga and Alex Polizzi’s latest hotel acquisition announces their first joint venture
Olga Polizzi, hotelier and Director of Design for Rocco Forte Hotels has bought The Star Inn at Alfriston in East Sussex, with her daughter Alex Polizzi, hotelier and presenter of Channel 5’s The Hotel Inspector. Olga Polizzi owns Hotel Tresanton in Cornwall and Hotel Endsleigh in Devon, The Star Inn at Alfriston is the first official joint venture for the mother and daughter … [Read more...]
Demand for hotel acquisitions prompts early exit by investors
Strong demand for hotel acquisitions prompting private equity investors to sell their assets ahead of the usual investment time-frame, continued consolidation amongst the branded hotel chains, and the impact of recent terrorist activities are the key issues facing the European hotel sector into 2016, according to global hotel consultancy HVS. Demand to continue Looking … [Read more...]
Britannia Hotels continues expansion with two hotel acquisitions
Acting on behalf of The Hotel Collection, specialist hotel property adviser Christie + Co has sold The Palace Hotel, Buxton and Basingstoke Country Hotel, Hampshire. Palace Hotel Buxton Britannia Hotels, who have a reputation for restoring Grade Listed Hotels, have acquired the Palace Hotel Buxton. Designed by Henry Currey and set in five acres of landscaped gardens in … [Read more...]
Chinese investors to increase global hotel acquisitions to 10%
The latest UK hotels bulletin from international real estate advisor Savills predicts Chinese investors will increase their share of global cross border hotel acquisitions from the current level of 4% to 10% by 2017. The firm believes that the Asia Pacific regions and the UK, namely London, are set to benefit the most from this growing investment in line with the expansion … [Read more...]
The Signet Collection announce acquisition of The Deans Place Hotel
By Angela Green: The Signet Collection announce acquisition of The Deans Place Hotel. The Signet Collection has announced their acquisition of The Deans Place Hotel, a Grade II listed four star hotel dating back to the 14th century. The property will open in December 2024 joining the collections award-winning portfolio which includes The Barnsdale in Rutland (launched May … [Read more...]
Travelodge announces acquisition of 66 hotels from LXi REIT
By Angela Green: Travelodge announces acquisition of 66 hotels from LXi REIT. Travelodge which operates nearly 600 hotels, earlier today announced that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million. The acquired portfolio includes … [Read more...]
Tristan Capital Partners make St. Andrew Square acquisition to fuel Queensway hotel pipeline
By Angela Green: Hotel News is sponsored by Guestline Tristan Capital Partners’ latest opportunistic fund European Property Investors Special Opportunities 6 (EPISO 6) and Queensway have completed the purchase of a 63,195 sqft office property on St. Andrew Square in Edinburgh, Scotland from PATRIZIA Hanover PUT (Patrizia). The deal will mark the first add-on investment to … [Read more...]
Starboard announces acquisition of The Bridge Hotel
By Angela Green Hotel News is sponsored by Guestline Starboard Hotels is set for growth following a seven-year refinancing deal and the acquisition of another London hotel, The Bridge Hotel, Greenford. Starboard’s existing portfolio comprises 21 hotels from Hilton, IHG, Accor, Best Western and Wyndham. The hospitality group also owns and operates unbranded hotels … [Read more...]
Singaporean investment group announce completing acquisition of London hotel
By Angela Green Singaporean investor, KOP Group, has announced the purchase of the 105 key Burns Hotel located within the Royal Borough of Kensington & Chelsea in London, today, the deal was completed at the end of last month. This is the second UK acquisition this year by KOP following their acquiring Charlton House Hotel & Spa in Somerset. Ms Leny Suparman, … [Read more...]