Finance

Bidroom aims to raise €320,000 through crowdfunding

Free booking platform Bidroom crowdfunding for expansion

By Melodie Michel

Bidroom, a no-fee website that allows hotels to bid for customers’ business without going through an online travel agent (OTA), has launched a crowdfunding campaign to take its concept to the next level.

Macdonald posted operating profits of £14.9m in 2013

Macdonald Hotels operating profits up 7%

By Melodie Michel

The hotel group has announced operating profits of £14.9m for the year ended March 2013, an increase of 7 per cent over the previous year.

Charterhouse Leisure has reported a 13.2% rise in company EBITDA to £727,000

Charterhouse targets expansion as FY EBITDA grows 13.2%

By John Harrington

Charterhouse Leisure, operator of the Coal Grill & Bar brand, has reported a 13.2% rise in company EBITDA to £727,000 for the year to the end of February and said it plans to grow from six to about 24 sites over the next three years.

The increase in sales volume has been driven by more readily available debt financing from both traditional and new sources of debt

Hotel transaction volumes reaching pre-recession levels

By Luke Nicholls

With three-quarters of the year now complete, the European hotel industry is still on track to record the highest level of transactional activity since 2007 – is this a sign that buyer confidence has returned? 

The arrival of STK followed the success of Heliot Restaurant, Lounge & Bar at the Hippodrome Casino

ONE Group plans STK UK expansion

By Mark Wingett

The ONE Group, owners of international restaurant group STK, has announced plans to further expand the premium steakhouse brand within major cities across the UK after attracting $44.3m (£27.3m) of new investment.