Less than 10 months before the Open Championship returns to the “Home of Golf” one of St Andrews’ most prestigious hotels has changed hands for more than £32m. Earlier this year the 209-room Fairmont Hotel was offered for sale at £37m with... Read More
The faltering recovery in the holiday market is forcing one Irish bank to speed up the disposal of its hotel assets — with other lenders almost certain to follow. Ulster Bank has confirmed the hiring of agents CBRE and professional services company... Read More
In the past few years, there has been significant investment into transforming Birmingham into a top tourism destination, with advertising campaigns and international marketing strategies playing a central role in this. However, it appears that businesses are... Read More
Wanda Commercial Properties,the Chinese real estate developer, has agreed to buy a 90% share in a Chicago waterfront project. The site will include high-end residential units, as well as commercial space and a hotel. The company chairman has said that... Read More
A Scottish city’s decision to give away common good land to a hotel developer could cost it millions in lost revenue, experts have warned. Earlier this year proposals for a Picardy Place hotel showed that it included a large chunk of Edinburgh’s... Read More
Britain’s third biggest hotel chain is hoping to benefit from Scotland’s tourism boom by building ten new hotels north of the border. The £75m expansion is being backed by international hedge fund investment. Travelodge — which already has... Read More
The West Midlands has become a hotspot for industrial activity over the past 12 months, with increasing numbers of international firms choosing to expand their interests in the region. However, thanks to widespread marketing initiatives throughout mainland... Read More
CBRE has received instructions to offer the Tower Hotel in Derry for sale. This sale will provide buyers with what has been described as an "excellent" opportunity to acquire the 93-bedroom hotel, which is located within the Derry City walls. Offers of more... Read More
300 new coffee shops and 43 hotels coming soon As the economic recovery intensifies going in to summer, many within the retail, leisure and hospitality sectors are experiencing the benefits of an upturn in consumer confidence first hand. One of the... Read More
“Advance negotiations” are underway with a company it’s hoped will be the first occupant of a multi-million pound Merseyside office development. The four-storey Tower Wharf will also be the first office scheme planned within the newly designated Wirral... Read More
