Malmaison and Hotel du Vin have been bought by KSL Capital an American venture capital company in a deal worth an estimated £180m. MWB Group Holdings, the hotels’ parent company, called in administrators from Deloitte last November. Following the announcement of the deal Malmaison revealed that it would be spending around £10m investing in its [...]
It’s official Andy Murray has bought Cromlix House Hotel, the Stirlingshire hotel where his brother was married, and plans to turn it into a five star venue in time for next year’s Ryder Cup. Cromlix House, formerly owned by Ian Grier and David O’Connor, closed suddenly just over a year ago, with many brides to [...]
Scotland had the highest hotel occupancy and revenue figures of any part of the UK amid a mixed picture for the sector during 2012 according to the latest report by accountants and business advisers PKF. The annual figures, which were clearly influenced heavily by Aberdeen, showed Scottish hotel occupancy was up 0.3% year on year [...]
Management at the Barony Castle Hotel in Peebles have bought the hotel, in a deal backed by NatWest. Immediate plans include investing £400K in the hotel to bring it up to four-star standard. Richard Spanner, MD of key shareholder Prestige Hotel Management, revealed that the hotel will now come under the Mercure hotel banner, which [...]
Occupancy and revenue fell in Scottish hotels during March compared to the rest of the UK according to the latest report by accountants and business advisers PKF. The firm’s monthly hotel survey found that occupancy in Scotland fell by 0.1% during March (when Scotland had the lowest occupancy figure of 66.6% of any part of [...]
Scottish hotels continued to have higher occupancy and rooms yield during July compared to the rest of the UK, according to the latest report by accountants and business advisers PKF. The firm’s monthly survey found that year on year occupancy levels in Scotland rose by 2.6% to 82.8% during July; were up 3.5% to 80.2% [...]
The day I visited Arran was glorious, and my visit to the new Douglas Hotel blew me away. The hotel, which re-opened in May after being closed for a few years, is only a stroll from the ferry terminal at Brodick. This building has been a hotel since the 1830’s, and in its heyday was [...]
Franck Arnold has been appointed general manager of The Balmoral in Edinburgh. Mr Arnold, who starts this month, takes over from Ivan Artolli who was recently promoted to director of operations for the group’s properties in the UK, Belgium and Eastern Europe. Mr Arnold joins The Balmoral from The Jefferson Hotel in Washington DC, where [...]
Jolly’s Hotel in Broughty Ferry, one of the town’s favourite venues, is now up for sale having gone into administration last month. The hotel which was owned and run by John Adams, and latterly his son, Derek, has been for sale for a while, with Wetherspoons one of the interested parties. But having falling into [...]
One of Glasgow’s most colourful Asian businessmen, Sohan Singh, has now officially taken over as the owner of The Lorne Hotel and Bukharah restaurant. He bought the hotel in May after the previous owner Archie Shariff ran into financial difficulties. Singh also owns the Bombay Blues Indian restaurant and The Artto Hotel in Hope Street.
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