• Issue 991

UK boost for Airbnb


London authorities are to relax letting restrictions, in a move that should boost accommodation sharing sites such as Airbnb and UK rival OneFineStay. Currently, some boroughs in the capital are enforcing rules that prevent short lets, reports the London Sunday Times.
Leglislation from the 1970s will be overhauled, removing the threat of a GBP20,000 fine from homeowners.


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Third Express for Hetherley

Investors Cannock Investments and Hetherley Capital Partners have bought the Holiday Inn Express adjacent to the Channel Tunnel in Kent. The 100 room hotel was built in 2008, and the new owners have appointed Interstate to manage it. The property was sold by JLL with the option of vacant possession, and attracted significant interest.

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Portuguese Senses

Thai-based luxury brand Six Senses is to open its first European property. A 71 room resort will open in spring 2015 in Portugal’s Douro Valley, following the refurbishment of an existing property. Six Senses will offer rooms, suites and larger villas, with an extensive spa facility. The property is the twelfth to be added to the Six Senses portfolio.

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Davos deal disputed

Swiss authorities are calling for an investigation into the demise of the operator of the InterContinental hotel in Davos. The company, Stilli Park, filed for bankruptcy just six months after the hotel opened, reports Sudostscheweiz. The operation of the 216 room hotel has been unaffected and the InterCon remains open.

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Frasers launches IPO

A dozen hotels and serviced residences in Asia, including the InterContinental Singapore, are to be floated in Singapore. The IPO of properties owned by Frasers Centrepoint and property group TCC will raise up to SGD448m, reports Reuters. The properties, from companies controlled by Thai billionaire Charoen Sirivadhanabhakdi, will be placed in vehicle Frasers Hospitality Trust.

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