UK: Hotel property adviser Christie & Co is marketing the freehold of the luxury property Cedar Manor Hotel in Windermere, Cambridge, for £2 million. Occupying a Victorian country house, Cedar Manor Hotel features 10 bedrooms, a lounge, bar and dining restaurant. It has been owned by Jonathan and Caroline Kaye for 17 years who are now selling the property to pursue other business … [Read more...]
Ruby Zoe sells for £52.8 million to Deka Immobilien
UK: Real estate management firm Deka Immobilen has acquired the four-star Ruby Zoe Hotel & Bar in London’s Notting Hill for £52.8 million. The 173-room Ruby Zoe opened in June 2023. It was developed by Frogmore alongside its co-investment partner Morgan Stanley, and forms part of a wider redevelopment scheme. It will remain under operation by Ruby under a long lease. Commercial real estate … [Read more...]
Ravenstone Lodge acquired by neighbouring hotel owners
UK: Boutique hotel Ravenstone Lodge, located in the Lake District, has been acquired by the owners of neighbouring Ravenstone Manor Hotel for £1.245 million. The acquisition of Ravenstone Lodge marks the fifth property in the Lake District National Park for Mawdsley Bleachers Limited. Formerly three cottages, a coach house and stables to the Ravenstone Manor house, the lodge was converted … [Read more...]
Jumeirah Group launches Exclusive Collection of suites and villas
EMEA/APAC: Luxury hotel company Jumeirah Group has introduced its Exclusive Collection of suites and villas, located across Europe, the Middle East and Asia. Jumeirah’s Exclusive Collection has launched with properties in Abu Dhabi, Bahrain, Bali, Capri, Dubai, Guangzhou, Kuwait, Nanjing, London, the Maldives, Mallorca, and Muscat. Highlights from the portfolio include: • Jumeirah Dar … [Read more...]
Soho House owners consider going private
Worldwide: Membership club Soho House could become private after it “fundamentally rejects” a report released by GlassHouse Research, which claimed the business was worthless. The report, released by GlassHouse Research last week, compared Soho House to the bankrupt coworking brand WeWork. A “broken business model and terrible accounting” were cited as reasons for why Soho House had “never … [Read more...]
Preferred Hotels & Resorts adds 13 global properties
Worldwide: Independent hotel collection Preferred Hotels & Resorts has added 13 member properties to its global portfolio. Preferred Hotels & Resorts represents more than 600 hotels across 80 countries. Between October and December 2023, the group onboarded 13 member hotels to its portfolio and particularly strengthened its presence in Spain. The majority of properties (eight) have joined … [Read more...]
HotelREZ reports more than 20 per cent growth last year
Worldwide: Representation company HotelREZ Hotels & Resorts has reported growth of more than 20 per cent in 2023, increasing its independent hotel, apartment, and group portfolio to over 2,500. Last year, HotelREZ expanded into new markets including Australia, South Africa and the UAE. Onboarded customers include The Social Hub, World Hospitality Solutions, Countrywide Hotels, Ethiopian … [Read more...]
Aareal Bank finances London portfolio for Starwood
UK: Lender Aareal Bank provided a loan for eight assets within the Radisson Blu Edwardian London portfolio, acquired in January this year by investment firm Starwood Capital Group. The portfolio comprises a collection of 10 hotels with 2,053 rooms, all located in London and operated under the Radisson Blu brand. Aareal acted as the arranger, facility agent, and security agent within the … [Read more...]
Integrity International acquires two London landmarks
UK: Integrity International Group, owned by hotelier Tony Matharu, has acquired Atlas House in the City of London and the Crescent buildings at Tower Hill. Atlas House is a Grade II-listed building located on the junction of King Street, Queen Street, and Cheapside. The site is a purpose-built commercial office building which has been occupied by Atlas Assurance Company for 130 years. The … [Read more...]
Two Flat Cap hotels brought to market for £7 million
UK: After falling into administration in January 2024, British hospitality group Flat Cap Hotels has put The Vicarage and The Bridge Hotel in Cheshire up for sale individually. Property advisor Christie & Co has been appointed on behalf of joint administrators Gareth Prince, Mark Malone and Julian Pitts of Begbies Traynor, to market The Vicarage (offers in excess of £2.5 million) and The … [Read more...]
Greene King to launch boutique collection Everly Hotels
UK: The Everly Hotels Collection will launch early this summer near Brighton as the latest hotel offering from Greene King. The White Horses in Rottingdean, near Brighton, will mark the debut of the Everly Hotels Collection. The former coaching inn, located on Dover Road, used to be a popular place for community gatherings and Masonic meetings. It was also the regular haunt of … [Read more...]
Fountain House Hotel rebrands to Rosemay Boutique Hotel
UK: Located in Hayes, west London, the Fountain House Hotel has undergone a multimillion pound renovation and relaunched as the four-star Rosemay Boutique Hotel. Owners Yousuf Ali and family received planning approval in 2022 to transform the former Fountain House Hotel. PTP Architects have reimagined the property alongside RO-CO Building Contractors, with project oversight by Cliff Wills from Ivy … [Read more...]
Millennium Hotels UK achieves Green Tourism accreditation
UK: Global hospitality group Millennium Hotels and Resorts (MHR) has achieved the Green Tourism accreditation for all its owned and managed properties in the United Kingdom. Green Tourism is a sustainability accreditation and consultancy. Its global membership spans the tourism, hospitality, and events sectors, including visitor attractions. Nine MHR properties within the UK, including The Chelsea … [Read more...]
Applications open for Executive ESG Hospitality Programme
UK: University King’s College London and not-for profit organisation Energy & Environment Alliance have developed the Executive ESG Programme for Hospitality Leaders based on research involving 250 industry professionals. A study conducted by King’s Business School has highlighted four key barriers to ESG progress and investment. These include: • The proliferation of different reporting … [Read more...]
The Social Hub to open third hotel in Spain
Spain: Hybrid hospitality group The Social Hub will open its seventeenth property in San Sebastián, Spain, on 1 February 2024. With an investment of over €50 million and generating over 50 jobs in the city, The Social Hub San Sebastián is located in the Riberas de Loyola neighbourhood. It joins two other sites in Madrid and Barcelona. The property offers 328 hotel, extended stay and student rooms, … [Read more...]
Welsh Valley boutique property Minffordd Hotel brought to market
UK: Hotel property advisor Christie & Co has been appointed to market the Minffordd Hotel in Tywyn, Gwynedd. Set within a 2.1 acre paddock surrounded by riverside scenery, the Minffordd Hotel is located on the Mach Loop – a testing ground for RAF jet fighters. The hotel offers a restaurant and breakfast room with period features, a lounge room with a wood-burning stove, and a main bar area … [Read more...]
Exclusive Collection launches Impact Report
UK: Independent hotel group Exclusive Collection has launched its latest Impact Report, which details its 2022/23 ESG initiatives, outcomes and future plans. In 2021, Exclusive Collection achieved B Corp status becoming one of the first hotel groups in the UK to do so. The company is aiming for more than 10 per cent increase in its re-assessment later this year. Highlights from the Impact … [Read more...]
DoveHill Capital launches Opportunity Fund II
US: Hospitality investment and development firm DoveHill Capital Management has launched its Opportunity Fund II. The core strategies of Fund II are opportunistic on- and off-market acquisitions, structured equity, and experiential hospitality in markets with high barriers to entry. DoveHill aims to raise $30 million to further support its strategy. Fund II is founded on the strategies of … [Read more...]
How AI is transforming the workforce and guest experiences
UK: The Hotel Leadership Conference 2024, organised by the Master Innholders, explored how AI and technology is shaping the current and future workforce and guest experiences. Held at Park Plaza London Riverbank, the Hotel Leadership Conference focussed on the theme ‘Breaking Boundaries’. Across two days, insights were shared on what the future of hospitality could look like and how best to adapt … [Read more...]
“Smart lifestyle” brand Project HQ launches
Worldwide: Lifestyle hospitality group sbe has partnered with hotel franchising company Wyndham to launch a “smart lifestyle” brand under the working title Project HQ Hotels & Residences. Owned by sbe with investment by entertainment entrepreneur and sbe equity partner Marc Anthony and his company Magnus, Project HQ will be affiliated with Wyndham’s Registry Collection Hotels. Project HQ … [Read more...]
London Rock Partners adds Retreat East to portfolio
UK: Asset management company London Rock Partners has signed the luxury sustainable hotel Retreat East in Suffolk to its portfolio. Regenerated from a former dairy farm, Retreat East features 26 barns and rooms available for individual booking or as part of a private event. The four-bedroom barns can cater up to eight guests. On-site amenities include the Great Barn restaurant open for … [Read more...]
Beaverbrook completes £52 million refinancing and expansion loanBeaverbrook completes £52 million refinancing and expansion loan
UK: Country house estate Beaverbrook, located in the Surrey Hills, has secured a £52 million loan from OakNorth Bank to refinance existing facilities and fund future growth. Beaverbrook is spread over 475 acres and offers 57 rooms, four restaurants, two bars, tennis courts, a private cinema and The Coach House Spa. It also has an on-site kids’ club run by Sharky & George. Beaverbrook will this … [Read more...]
Hotel Herringbone to open in Texas early 2024
US: Upscale boutique property Hotel Herringbone, operated by Lucky Find Hospitality, is due to open in Waco, Texas this March. San Diego-based RAD LAB partnered with FreeForm Development, Lucky Find Hospitality and local chef and restaurateur Corey McEntyre, to acquire what was once a shipping container development that had stalled and sat vacant. The existing development was reimagined by … [Read more...]
TLC Harmony expands sustainable initiatives in the Middle East
UAE: Sustainable hospitality group TLC Harmony has expanded its sustainable tourism initiatives in the UAE. TLC Harmony is a hospitality group focussed on the promotion of sustainable travel and tourism and hospitality development. TLC targets areas which have the highest environmental harm such as Scope 3 supply chain emissions, biodiversity and more. In the UAE, the organisation has … [Read more...]
Hoar Cross Hall launches wellness members club
UK: Hoar Cross Hall Spa Hotel, located in Staffordshire and part of the Barons Eden collection, has introduced The Wellness Club following a £14 million refurbishment. Hoar Cross Hall completed a property-wide refurbishment in 2021. As part of the plans, the Wellness Suite has been transformed to include a range of Matrix equipment and a Peloton zone, alongside upgrades to the lighting, sound and … [Read more...]
Whatley Manor becomes first climate positive UK hotel
UK: Whatley Manor Hotel & Spa, located in the Cotswolds, has been recognised as the UK’s first climate positive hotel. Whatley Manor begun its sustainability and decarbonisation strategy in February 2019. Key areas of focus included energy efficiency, waste reduction, community engagement, and funding climate action. Having partnered with NOW Transforming Hospitality GmbH and EarthCheck, … [Read more...]
Shamal Holding breaks ground on Baccarat property in Dubai
UAE: Shamal Holding, a diversified investment firm, has started construction on the luxury lifestyle mixed-use Baccarat Hotel and Residences Dubai. Led by Dubai-based H&H Development alongside architects Studio Libeskind and interior design studio 1508 London, Baccarat Hotel and Residences Dubai is expected to open in 2026. It will be managed by SH Hotels & Resorts. Shamal Holding owns the … [Read more...]
Starwood acquires 10 London properties from Edwardian Hotels
UK: Global private investment firm Starwood Capital Group has acquired a portfolio of 10 properties from Edwardian Hotels for an undisclosed sum. The portfolio represents 2,053 rooms, which Edwardian will continue to operate on a transitional basis. Edwardian will also retain and continue to operate The Londoner and its two Radisson Collection hotels: The May Fair and The Edwardian Manchester. BHN … [Read more...]
Banyan Tree evolves brand name ahead of 2024 pipeline
Worldwide: Luxury hospitality company Banyan Tree Group has evolved its corporate brand to Banyan Group, ahead of the company’s 2024 pipeline of 19 global openings. Banyan Group currently manages 12 global brands, 75 hotels and resorts, over 60 spas and galleries and 14 branded residences across 22 countries. As part of the group’s 2024 pipeline, 19 properties and residences located in … [Read more...]
Velas Resorts opens adults-only boutique hotel
Mexico: Luxury all-inclusive resort collection, Velas Resorts, has opened its third property in Los Cabos. Grand Velas Boutique Hotel Los Cabos, located on the coast by the Sea of Cortez, is an all-inclusive, adults-only property. It cost $50 million to build and has been designed in collaboration with Ricardo Elias, principal of Elias and Elias Architects, Ernesto Vela, founder and director of … [Read more...]
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