Hotels In London News

Middle Eastern investors take new slice of London hotel market

Middle Eastern investors take new slice of London hotel market

11th Oct 2011 Hotel News

Morgans Hotel Group has announced the sale of the Sanderson and St Martins Lane hotels in London for £192 million to Capital Hill Hotels, a Middle Eastern investor with other global hotel holdings. MHG will continue to operate the hotels under long-term management agreements.

European hoteliers on an upward path to recovery

European hoteliers on an upward path to recovery

15th Nov 2010 Press Release Hotel News Cruise News Tourism News

Hoteliers in Europe have seen revPAR growth accelerate each month since December last year, with September posting the strongest yet, up 16.8 percent. This enabled the region to secure a 9.5 percent revPAR rise year-to-September to €64, compared to €58 during the same period in 2009, with occupancy the main driver of growth.