Hotel sales are set to rise over the next 12 months, according to estate agent Colliers International. Julian Troup, newly appointed as head of Colliers International's hotel agency team, is predicting that there will be a rise in the number of hotel buyers in the market...
The 80-bedroom Malmaison Aberdeen has been sold for £16.1m by MWB Group Holdings on a sale-and-leaseback arrangement. CIP Property has brought the property, on behalf of Citibank International as trustee for Aviva Investors Property Trust.
Enterprise Inns has sold another 26 pubs for £32.5m. The company has sold the properties, all of which are in London, to Hermes Property Unit Trust on a sale-and-leaseback basis on 35-year leases. The proceeds from the sale are greater than the total book value as at 30 September 2010 of £25m.
Regents Inns has put seven of its Walkabout bars up for sale as part of a £25m sale and leaseback scheme.
Mitchells & Butlers is in talks with R20 over a joint venture involving the sale-and-lease-back of the pub operators’ property.
Budget hotel group, Travelodge, has raised £128m through the sale and leaseback of 17 of its UK hotels.
A round-up of the weekend's news affecting the hospitality industry. News includes: Chance for private investors in UK’s first REIT; Punch to join FTSE 100 this week; Swallow starting to fly again; Celebrity property fund sees pubs as star asset...
Marston’s and Greene King are searching for takers to run 65 leased properties with recruitment being handled by property agent Christie & Co.
A round-up of the weekend's news affecting the hospitality industry. News includes: Bids for David Lloyd are in; Dawnay Shore Hotels to go for sale and leaseback; Whitbread to bid for Jurys Inns; McDonald’s posts big earnings jump; Travelodge boss to meet with minister and more...
Scottish hotel group Crerar Hotels will continue to use the Swallow brand name, following the acquisition of 26 properties.