HK CTS Metropark Hotels has purchased the entire issued share capital of Kew Green Hotels. Kew Green owns 44 UK hotels with 5,179 rooms and manages a further ten UK hotels for other owners. Senior management has been retained with the intention of continuing to grow the business in the UK and throughout Europe.
Nicolas James Group has said preliminary work is now underway on the development of its new Southampton Harbour Hotel & Spa at Ocean Village. The start of the development marks a major milestone for the city, introducing Southampton’s first luxury five star standard hotel.
Jupiter Hotels has added five new hotels to its portfolio, taking its collection of owned and managed properties from 26, up to 31 across the UK. The agreement announced today with Choice Hotels, will see all five hotels join the Jupiter Hotels portfolio under management contracts with immediate effect, remaining under Choice Hotels’ Quality and Clarion Collection brands.
Hotels in the UK need to start saving energy right now in order to prepare for increasing energy bills in the future, according to Ecompter, a provider of carbon footprint calculation and sustainability services to many leading hotel and accommodation providers.
Park Plaza Hotels is pleased to announce that it has successfully acquired Park Plaza Leeds and Park Plaza Nottingham. Until this acquisition both hotels were operated under management agreements.
Travelodge has announced plans to open 26 new hotels in the UK this year in a programme worth £115m. The expansion will create over 2,000 rooms as well as 500 new jobs within the budget hotel chain.
Hotels in London have reported an upturn in revenue per available room in the final quarter of 2009, proving the lure of capital come boom or bust. However regional hotels are still continuing to suffer “worrying” falls in revPAR and occupancy, according to new figures from Deloitte.
Travelodge is stepping up its expansion ahead of the 2012 London Olympics by raising £100m for new hotels. The fund is being created by Twenty10 Fund Management, and will be used to build five hotels every year in UK cities. Travelodge will occupy these on leases of 25 to 35 years.
London has come out top in study into European hotel occupancy rates. The quarterly report by Deloitte proved grim reading, with revPAR rates across Europe down 19.2% over the past quarter to €58, with Glasgow and Edinburgh the only two cities to show positive occupancy growth.
Travelodge is continuing its UK expansion with by announcing three new budget hotels in Manchester and Edinburgh, as part of a £50 million programme that includes a total of ten new properties.
The occupancy levels in London’s hotels has seen only a marginal decline compared to the rest of UK this year and the capital is resilient in the face of the slowdown in tourist numbers, according to figures released this week by Deloitte.
New data showing the scale of the battle facing UK hotels where average room rates will fall back to 2005 levels over the next 12 months and the industry will not move into recovery mode until late next year.