Hotels & leisure news – Page 9
-
OnlineNet tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
-
NewsKOP Group snaps up Earl’s Court hotel for £35m
Singaporean investor KOP Group has purchased the Burns Hotel in London’s Earl’s Court for a guide price of £35m and plans to transform the site into a luxury boutique hotel.
-
NewsLincolnshire Co-op and Wykeland Group snap up Waterside Shopping Centre in Lincoln
Lincolnshire Co-op and developer Wykeland Group have acquired the 130,000 sq ft Waterside Shopping Centre in Lincoln from Tesco Pension Fund for an undisclosed price.
-
NewsB&B HOTELS appoints chief executive
Expanding European budget hotel operator B&B HOTELS has announced the appointment of Patrick O’Connell as chief executive of UK operations.
-
NewsNinja Warrior UK Adventure Park signs lease for 25,000 sq ft Chelmsford unit
Ninja Warrior UK Adventure Park has signed a 15-year lease for a 25,000 sq ft unit at The Meadows Retail Park in Chelmsford.
-
NewsAlbert’s Schloss signs Trocadero deal for first London restaurant
The 18,000 sq ft former Rainforest Café Trocadero on London’s Shaftesbury Avenue is to become an alpine cook haus and Bavarian bier palace after Criterion Capital signed Albert’s Schloss on a 25-year lease for its first London restaurant.
-
OnlineGodwin submits planning for mixed-use Wisbech scheme
Godwin Developments has submitted an outline planning application for a range of commercial uses for its 9.5-acre site in Wisbech, Cambridgeshire.
-
OnlineDominus hires projects director
Dominus has appointed Will Charlton as its new projects director to help grow the group’s UK pipeline.
-
NewsBrookfield puts Center Parcs up for sale for between £4bn and £5bn
Brookfield has placed holiday resort group Center Parcs up for sale and is understood to be seeking between £4bn and £5bn.
-
NewsLeumi lends Fattal £43.7m for Brighton Grand purchase and refurb
Fattal Hotel Group has secured a £43.7m loan for the acquisition and refurbishment of The Grand hotel in Brighton from specialist property lender Leumi UK.
-
NewsThreat of Brixton Academy closure a ‘wake-up call’ for venue operators
The potential closure of iconic south London music venue Brixton Academy has been called “a stark wake-up call” for all leisure and venue operators, after the Metropolitan Police called for it to lose its licence following a fatal incident.
-
NewsCity Corporation gives £73m towards Museum of London relocation
The City of London Corporation has committed £73m of funding towards the plans to relocate the Museum of London from the Barbican to a series of historic buildings at West Smithfield.
-
OnlinePPHE Hotels posts positive update to investors
PPHE Hotel Group increased its revenue by 115% during the first quarter of 2023 as people returned to travel after the Covid-19 lockdowns.
-
NewsCroydon town centre revival plans to get reboot after URW buys Hammerson out of JV
Multi-billion-pound plans to redevelop the centre of Croydon look set to be reborn following shopping centre giant Unibail-Rodamco-Westfield’s (URW’s) purchase of Hammerson’s 50% stake in the 10ha Croydon Partnership.
-
OnlineFiera Real Estate launches European Debt Fund
Fiera Real Estate UK has secured £100m in seed funding for a new open-ended pan-European real estate debt fund.
-
OnlineUK capital values return to growth as retail stabilisation continues
UK investment property valuations have shown “a notable return to capital value growth” across the market, according to research from analyst firm Goodbody.
-
OnlineGravity appoints Stärka to advise on site acquisitions
Entertainment and leisure company Gravity has appointed real estate adviser Stärka to find sites in the UK and internationally.
-
NewsStärka appointed as sole agent for Bean Coffee expansion
Independent coffee operator Bean Coffee Roasters has appointed the leisure real estate advisory business Stärka as its sole agent to help with the expansion of its portfolio.
-
NewsManchester City pitches £300m leisure complex at Etihad stadium
Manchester City, part of City Football Group, has submitted a planning application to build a £300m entertainment and leisure complex at its Etihad Stadium ground.
-
NewsConcerns raised over planning permission proposals for holiday lets
Government plans to require short-term rental owners in England to seek planning permission has raised concerns from property specialists.
