Investment

Fifty new sites will open over the next few years

Harry Ramsden's begins Yorkshire expansion

By Sophie Witts

Fish and Chip brand Harry Ramsden’s are opening a new site in Shipley in April, the first under the company’s partnership with JVP Ventures. 

Fifty Harry Ramsden's outlets will open across Yorkshire

Harry Ramsden's begins Yorkshire expansion

By Sophie Witts

Fish and Chip brand Harry Ramsden’s are opening a new site in Shipley in April, the first under the company’s new partnership with JVP Ventures. 

easyHotel opened a third owned venue in Croydon in November

Strong performance for easyHotel

By Melodie Michel

‘Super budget’ brand easyHotel has announced a 34 per cent increase in revenue to £3.5m for the year ended 30 September 2014.

The government is conducting a review of the sharing economy in order to regulate it

Government urged to regulate sharing economy

By Melodie Michel

Pop-up marketplace Grub Club is urging the government to better regulate ‘sharing economy’ businesses like itself in order to ensure their protection.

Private equity firm Piper has acquired a stake in BBQ restaurant chain Hickory’s Smokehouse

Piper takes stake in Hickory’s Smokehouse

By Mark Wingett

Piper, the private equity backer of Loungers and Be At One, has acquired a stake in Hickory’s Smokehouse, the north west-based American BBQ restaurant chain.

Viewpoint

Charles Scudamore on HCP and the UK hotel market

By Carina Perkins

Charles Scudamore is the principal and founder of Hetherley Capital Partners (HCP), a specialist hotel real estate investment and asset management firm, based in London. He talks BigHospitality about the current state of the UK hotel investment market...

The Legacy Falcon was placed into administration on Monday and sold to St James's the same day

St James’s buys Legacy Falcon Hotel

By Melodie Michel

St James’s Hotel Group has acquired the Legacy Falcon Hotel in Stratford-upon-Avon after it was placed into administration on 8 September.

US investment firm buys 11 QMH hotels

US investment firm buys 11 QMH hotels

By Melodie Michel

Eleven QMH hotels operating under the Crowne Plaza, Holiday Inn and Best Western PLUS brands have been acquired by US investment firm Marathon Asset Management for an undisclosed sum.

Macdonald Hotels profits

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.

BDO forecasts further growth for hotels in 2014

BDO forecasts further growth for hotels in 2014

By Carina Perkins

Record visitor numbers, movement in the MICE market and resurgence in the regions should drive further growth in the UK hotel sector this year, according to business advisors BDO LLP.

The De Vere Venues portfolio includes the 48-bedroom Chicheley Hall conference centre and hotel

Starwood Capital buys De Vere Venues

By Luke Nicholls

International private investment firm Starwood Capital Group has acquired hotel operator and meeting and events space provider De Vere Venues for £232m.

Egyptian hotelier invests in North Wales property

Egyptian hotelier invests in North Wales property

By Carina Perkins

An Egyptian hotelier has bought the 31-bed hotel Brig y Don Hotel in Llandudno on the North Wales coast with hopes of transforming it into a 3-star holiday destination.

Deloitte says there was a ‘resurgence’ of the UK hotel transactional market in 2013

Hotel transactions on the up as foreign investment rises

By Luke Nicholls

If 2013 was the year that the spotlight returned to hotels as an investment class, 2014 will be the year that foreign capital continues to pour into the industry with the completion of a number of major portfolio deals.

Soar Mill Cove Hotel in the South Hams area of Devon is currently undergoing a £2m refurbishment

Family-run Soar Mill Cove Hotel to complete £2m redevelopment

By Peter Ruddick

The family team behind the Soar Mill Cove Hotel in Salcombe are in the final stages of a redevelopment programme to refurbish the Devon venue, a project they have said has already delivered a nine per cent boost in Easter income. 

Admiral Taverns was refinanced in November 2009 under the auspices of Lloyds Banking Group

Admiral reports ‘significant progress’ with debt pay-back

By Luke Nicholls

Two-and-a-half-years after Admiral Taverns was hit by the recession, the tenanted pub group has reported a ‘robust’ performance for the 52 weeks to May 2012, disposing of 259 sites for £48.8m and spending £8m on capex to put the business ahead of its...