Cohort Capital Finalizes £73m Refinancing for Iconic Covent Garden Hotel Oct 16, 2023 Cohort Capital has successfully concluded a £73 million refinancing agreement with a Qatari-based group for the esteemed NoMad Hotel located in London’s historic Covent Garden. This iconic 91-bedroom boutique hotel, set within an 18th-century Grade II listed building, previously functioned as the Bow Street Magistrates Court and Police Station. After comprehensive refurbishments between 2018 and […] Posted by: Mya Driver Read more
Shawbrook provides unique funding for purpose-built student accommodation in Durham Jun 26, 2023 Three Tuns Development Ltd, a joint venture between two professional property developers Simon Williams and Andrew Ward, has secured funding on a large semi commercial asset, with backing from Shawbrook. In 2016, Three Tuns Development Ltd acquired a former hotel and a parade of adjoining retail units in Durham city centre. Since then, the existing […] Posted by: Mya Driver Read more
£2 billion of UK hotel transactions in 2023 Jan 8, 2024 £2 billion of UK hotel transactions were recorded in 2023, according to global property adviser Knight Frank. Q4 was the strongest quarter of the year for investment into the sector with £615 million of deals, representing 31% of the total annual investment activity. Knight Frank anticipates that this encouraging increase in investor activity at the […] Posted by: Mya Driver Read more
£350m Blackpool Talbot Gateway regeneration progresses with release of new retail units Jul 7, 2023 Over 5,000 sq ft of retail space has been released as part of Blackpool Council’s £350m Talbot Gateway development. The units sit at the ground level of the 144-bedroom Holiday Inn hotel and surround the new tram terminal. The development includes a new underpass connecting passengers from Blackpool North train station with the new tramway […] Posted by: Mya Driver Read more
£400 Million Investment to Revitalise Bloomsbury Jul 18, 2024 The Bloomsbury London Partnership, a consortium of key stakeholders and landowners, has announced a £400 million investment aimed at transforming Bloomsbury into a major destination in the capital. Over the next five years, this collective effort will attract new occupiers, businesses, and visitors to the area. The partnership includes The Bedford Estates, Imperial London Hotels, […] Posted by: Mya Driver Read more
£4bn invested into UK hotels sector in 2021 Feb 10, 2022 The UK hotel market saw investment volumes reach an impressive £4 billion in 2021, representing the growing investor optimism over the long-term prospects for the sector, according to the latest UK Hotel Capital Markets: Investment Review 2022 by leading global property adviser Knight Frank – who are exhibiting at UKREiiF. Despite the disruptive implications of […] Posted by: Mya Driver Read more
£7.5 million sale of hotel in Glasgow at 7.9% premium to book value Aug 9, 2023 The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets predominantly let on long leases with inflation-linked reviews, is pleased to announce that it has completed the sale of the Mercure City Hotel, Ingram Street, Glasgow, for a total consideration of £7,500,000 to […] Posted by: Mya Driver Read more
1.3 Billion Reasons Why Premier Inn is a Boon for the UK Economy: An In-depth Conversation with James Anderson Oct 3, 2023 Premier Inn, a renowned budget brand, has been making waves in the UK hospitality sector. Beyond its reputation for quality accommodation, Premier Inn has significantly contributed to the UK’s economy. We sat down with James Anderson, Property Communications Manager at Whitbread, the parent company of Premier Inn, to delve deeper into this. UKREiiF: James, can […] Posted by: Mya Driver Read more
200-bed hotel set for Middlesbrough Oct 21, 2024 International hotel brand Fairfield by Marriott is in discussions to open a new 200-bedroom hotel coming to the heart of Middlesbrough. Building work on the Gresham hotel project is forecast to start in early summer next year, subject to board approval. Members of the Middlesbrough Development Corporation Board will meet this Friday to agree next […] Posted by: Deividas Krupstas Read more
Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio Feb 9, 2024 Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group. The portfolio, featuring 2,053 rooms across the capital and operating under the Radisson Blu brand, marks a notable expansion for Starwood Capital in the European hospitality sector. The transaction, which […] Posted by: Mya Driver Read more
Aareal Bank refinances Tristan’s UK hotel portfolio Nov 9, 2022 Aareal Bank has delivered £239.9 million to refinance the acquisition of a UK hotel portfolio in UK for Tristan Capital Partners. In 2022 Tristan’s European Property Investors Special Opportunities 6 (EPISO 6) became majority shareholders in Raag Hotels Limited which owns “Point A”. The acquisition bought them nine hotels in London, Edinburgh and Glasgow – managed and […] Posted by: Mya Driver Read more
ActivumSG announces first UK hospitality acquisition Nov 6, 2024 Leading Pan-European real estate private equity investment manager ActivumSG, on behalf of ActivumSG Fund VII, working with Global Hospitality Investment Group, today announced the acquisition of Sutton Point, a hotel-led mixed-use asset in Greater London, for £21 million. The transaction underscores ActivumSG’s belief that, despite stabilizing interest rates and easing inflation, there remain substantial opportunities […] Posted by: Deividas Krupstas Read more
