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» Chronological View: " Hotel & Leisure " «

Dominvs Group granted planning consent for Old Marylebone Road Hotel

Dominvs Group granted planning consent for Old Marylebone Road Hotel

Dominvs Group has been granted planning consent from the City of Westminster for a 29,525 sq ft (2,743 sq m) hotel at 233-237 Old Marylebone Road, London. The existing six-storey 1990s office building will be demolished to make way for a modern and upscale development. Dominvs will develop and operate the hotel under a yet to...
Monday, 4. December 2017
BBS Capital arranges finance for Ibiza hotel development with Signal Capital Partners

BBS Capital arranges finance for Ibiza hotel development with Signal Capital Partners

BBS Capital has arranged, on behalf of a private hotel group, a €50m facility with Signal Capital Partners, for the acquisition and development of Orquidea Aparthotel, a circa 12,000 sq m hotel in the exclusive town of Santa Eulalia on the island of Ibiza. The loan was utilised to purchase this 198 room hotel from a private v...
Friday, 1. December 2017

European leased hotel cap rates reach historic low as investor pool expands

Capitalisation rates for fixed income prime hotel investments such as lease contracts have reached sub 5%, according to a report from property experts HVS Hodges Ward Elliott. The number of investors buying into leased hotels has also trebled since 2009 as the asset class has become an increasingly attractive investment targe...
Thursday, 30. November 2017
Everyman Cinema signs deal at The Cornhill Quarter in Lincoln

Everyman Cinema signs deal at The Cornhill Quarter in Lincoln

Lincolnshire Co-op has signed independent boutique ‘Everyman Cinema’ for The Cornhill Quarter, Lincoln. The cinema operator will sit alongside brands previously announced, which includes Cosy Club, Moss Bros and Flying Tiger Copenhagen, for the planned £70 million (c. €79.5m) redevelopment of this city centre retail destinati...
Thursday, 30. November 2017

Hotel industry: No faith in C locations

Despite demand pressure on the German hotel market, C locations will not become the new B locations. The current Investment Barometer Autumn 2017 by HospitalityInside and Union Investment places clear emphasis on B locations. And in the case of a crisis, of all segments it would be the midscale and first class hotels that com...
Wednesday, 29. November 2017

Redefine International increases holding in IHL to 74.1%

Redefine International has increased its shareholding in International Hotel Properties Limited (IHL) to 74.1%. Further to the announcement on 10 November 2017, the company has acquired a further 8,498,652 IHL shares from Redefine Properties Limited. The acquisition increases the company's shareholding in IHL from 58.9% to 74...
Tuesday, 28. November 2017
ISG wins €6.8 million Welsh leisure contract

ISG wins €6.8 million Welsh leisure contract

ISG has been appointed by Alliance Leisure to deliver the £6.1 million (€6.8 million) refurbishment and extension of Monmouth Leisure Centre in South Wales. This latest win is the 18th to be awarded to ISG by the leisure provider through a long-standing framework agreement. The multi-phased project sees ISG refurbish the exis...
Tuesday, 28. November 2017

LondonMetric sells two retail and leisrue assets for c. €21 million

LondonMetric Property Plc has sold an Odeon Cinema in Derby and a retail asset in Guisborough for £18.6 million (€20.8 million) reflecting a blended net initial yield of 4.8%. At Derby, the 10 screen, 37,000 sq ft cinema formed part of a portfolio of ten Odeon Cinemas acquired in 2013 at an overall yield of 7.3%. LondonMetric...
Monday, 27. November 2017
UK Commercial Property Trust makes first acquisition in hotel sub-sector

UK Commercial Property Trust makes first acquisition in hotel sub-sector

UK Commercial Property Trust Limited (UKCPT), which is advised by Standard Life, has made its first acquisition in the hotel sub-sector having contracted to forward fund the development of a 265 bedroom four-star Maldron Hotel in Newcastle city centre for £32 million (€35.7 million), net of finance. The development, which inc...
Monday, 27. November 2017
Ikea Centres ramp up F&B investment

Ikea Centres ramp up F&B investment

Ikea Centres Russia records 250 million people visiting its 14 Mega branded shopping centres and 85 Russian, and international retailers including Superdry, Lindt, and Julius Meinl joining Ikea Centres Russia’s portfolio. Over €50 million has also been invested in creating new food & beverage space at Mega malls, transforming...
Monday, 27. November 2017
Croydon Partnership's enhanced plans for the regeneration of Croydon's Whitgift Centre

Croydon Partnership's enhanced plans for the regeneration of Croydon's Whitgift Centre

The Croydon Partnership, the joint venture between Westfield and Hammerson, has received resolution to grant outline planning consent from the London Borough of Croydon for its upgraded plans for the £1.4 bn (€1.6 billion) redevelopment of the Whitgift Centre. The consent represents a significant step forward for the Partners...
Friday, 24. November 2017

Arora and Hilton strengthen ties with new agreements at London's busiest airports

The Arora Group has signed a new agreements with Hilton, growing their partnership at key London airports. The company’s latest development, a new 360 guest room hotel at Heathrow Terminal 2, is set to open as Hilton Garden Inn. The new hotel is expected to open next year, and will be the only hotel with direct links to the Q...
Wednesday, 22. November 2017
The Crown Estate confirms purchase of future phases of Rushden Lakes

The Crown Estate confirms purchase of future phases of Rushden Lakes

The Crown Estate has confirmed the unconditional purchase of three further phases of Rushden Lakes from LXB Retail Properties Plc. With this agreement, The Crown Estate has committed to an additional 215,000 sq ft of space at the ground-breaking retail and leisure destination. Delivered over three additional phases of develop...
Tuesday, 21. November 2017
Novum Hospitality builds Niu Charly in Frankfurt

Novum Hospitality builds Niu Charly in Frankfurt

At the heart of Frankfurt, between the railway terminus and the financial district, one of more than 35 planned Novum Hospitality Niu hotels is being built. According to current planning, the hotel with 189 rooms is due to open at Niddastrasse 60-62 at the end of 2018. Novum has partnered up with Commerz Real, as the propriet...
Tuesday, 21. November 2017

Non-retail tenants continue to boost shopping centre performance

A new report from the Urban Land Institute (ULI) and JLL finds that non-retail tenants - including food and beverage (F&B), leisure and community amenities – have led to 28% estimated rental value growth, a 7.24% increase in footfall and a 1% decrease in vacancy rates across 12 European shopping centres in the past 12 months.
Monday, 20. November 2017
FREO and 25hours Hotels celebrate the opening of the Royal Bavarian in Munich

FREO and 25hours Hotels celebrate the opening of the Royal Bavarian in Munich

FREO Financial & Real Estate Operations GmbH and the 25hours Hotel Company GmbH have celebrated the opening of the 25hours Hotel „The Royal Bavarian“ on Bahnhofplatz in Munich. 600 invited guests, from the fields of politics and business, enjoyed the autumnal temperatures. A state-of-the-art 165-room hotel in a prime city cen...
Monday, 20. November 2017

Meyer Bergman signs Everyman Cinema and The Office Group to Borough Yards Project

Meyer Bergman has signed Everyman Cinema and flexible workspace provider The Office Group to its €337.8 million (£300 million) Borough Yards project in London as it starts pre-leasing space in the mixed-use redevelopment of the Victorian railway arches near major commuter station London Bridge and gourmet food magnet, Borough...
Monday, 20. November 2017