Real Estate

High street closures fall to seven-year low

30-Aug-2022 By Georgi Gyton

There has been a significant drop in the numbers of high street chain stores closing, with restaurants seeing net growth, according to new data from PricewaterhouseCoopers (PwC).

Dabbous to close as owners plan major new project

23-Feb-2017 By Hannah Thompson

Michelin-starred Fitzrovia restaurant Dabbous is to close as owners Ollie Dabbous and Oskar Kinberg begin work on a major new project for late 2017/early 2018.

ASK THE EXPERTS

How to value your hospitality business correctly

01-Feb-2016 By Darren Seward

Darren Seward, hospitality specialist at commercial insurer, NFU Mutual, discusses the importance of valuing the business assets of a pub, hotel and restaurant correctly. 

SACO: The Serviced Apartment Company announces growth plans

04-Dec-2015 By Liam Garrahan

The Serviced Apartment Company (SACO) has announced that it is to double the size of its operation.

UK Hotel investment expected to hit £8.5bn

15-Oct-2015 By Liam Garrahan

UK hotel investment in 2015 is set to peak at £8.5bn, beating the current record of £8.3bn set in 2006.

New aparthotels for London and Liverpool

02-Dec-2014 By Lauren Houghton

Serviced apartment provider Supercity has announced plans to open two new properties in London, while Epic Apart-Hotel has invested in a new Liverpool site. 

Pub and restaurant groups among 100 companies calling for business rate reform

16-Sep-2014 By Carina Perkins

Pub companies, restaurant groups and industry bodies have joined forces with retailers, manufacturers and wholesalers to publish an open letter calling for ‘fundamental reform’ of business rates.

UK's serviced apartment sector has 'significant potential' for growth

21-Oct-2013 By Emma Eversham

The UK's serviced apartment sector has 'significant potential' for growth over the next five years according to real estate advisor Savills who predict the expansion of a number of aspiring brands backed by a wave of new investors. 

Drake's Restaurant owners take on Ripley pub The Anchor

10-Oct-2013 By Emma Eversham

Steve and Serina Drake, the owners of Drake's Restaurant in Ripley, Surrey, have taken on a 50 per cent share of the freehold of The Anchor, a Grade II listed pub situated in the same village. 

Park Lane's Metropolitan by COMO hotel sold for £40m

28-Aug-2013 By Emma Eversham

The Metropolitan by COMO hotel on Park Lane, home to Europe's first Nobu restaurant, has been sold to a UK-based investor for more than £40m. 

Premier Inn on course for three million sq.ft of new hotel space for 2012

31-Jul-2012 By Luke Nicholls

Budget hotel chain Premier Inn has exceeded one million sq.ft of new hotel space constructed or contracted since March and the business in on track to deliver its development target of three million sq.ft by the end of the year, with 14 properties in...

Baffito’s Bar & Pizzeria opens in Warrington, 10 sites planned by 2014

01-Mar-2012 By Luke Nicholls

Baffito’s Bar & Pizzeria has opened the doors of its first venue - a 140-cover site in Warrington - as the new brand plans to expand to 10 sites within the next three years.

Von Essen's Cliveden House hotel sold to Livingston brothers

02-Feb-2012 By Luke Nicholls

Cliveden House Hotel, the former Von Essen property in Buckinghamshire, has been sold to the billionaire property developer brothers Ian and Richard Livingston.

Tax experts pen book to help hospitality owners save tax

03-Oct-2011 By Emma Eversham

Tax specialists Ray Chidell and Ian Sutton have written a book specifically for owners of hotels, restaurants and pubs that could help them save tax through capital allowances.

Falling masonry kills London restaurant customer

12-Aug-2011 By Kate Mead

A man has died after being hit by a piece of falling masonry as he sat outside London restaurant Le Bouchon Bordelais.

Hospitality execs plan investment as optimism increases

08-Jul-2011 By Lorraine Heller

Senior executives in the hospitality sector worldwide are more optimistic than their peers in other industries about the prospects of the economy, with many of them gearing up for growth in their business, according to a new survey by Ernst & Young.

JD Wetherspoon buys Victorian site in Somerset

12-Nov-2010 By Lorraine Heller

JD Wetherspoon is planning to open a new seafront site in Somerset, following the purchase of the former leisure unit Cabot 5 Bars

Music venue on Charlotte Street up for sale

02-Nov-2010 By Lorraine Heller

The freehold of a music venue on London’s popular Charlotte Street is up for sale, with interest expected form both investors and operators

Akkeron Hotel group acquires eight remaining Folio hotels

03-Dec-2009 By Becky Paskin

Newly formed company Akkeron Hotels has acquired eight former Folio properties, which went into administration in December last year, as a platform for building a portfolio of 150 regional hotels across the UK

Cairn Hotels acquires former Swallow-branded Imperial Hotel

28-Oct-2009 By Becky Paskin

The Cairn Hotel Group has acquired the Imperial Hotel in Newcastle-Upon Tyne for an undisclosed sum; a year after former owner Swallow Hotels put the property on the market

Swallow Hotels to sell off nine properties

17-Oct-2008 By Becky Paskin

Swallow Hotels has put nine of its sites across England and Scotland on the market

Wizzy Korean restaurant closes

14-Feb-2007 By Restaurant

Wizzy Korean restaurant, which opened in London SW6 to great acclaim in spring 2005, has closed, with the site up for lease. Its owner was Hwi Shim, who had previously worked at Hakkasan and Nobu. Harding Chartered Surveyors said it had closed about ..