Hampton modular deal
Hilton has signed a strategic partnership with Chinese modular building company CIMC to finance and develop hotels. A 201 room Hampton by Hilton at Bristol airport is the first planned, due to open in early 2016.
Gleneagles for sale
Owner Diageo is putting the Gleneagles Hotel and golf courses up for sale. The company will be looking for offers around GBP200m for the five star hotel and Ryder Cup venue, reports the Scotsman.
Steigenberger takes to Turkey
Steigenberger Hotel Group will open its first Istanbul hotel close to the city’s Ataturk airport in June 2016. The five star hotel will have 210 rooms with ballroom and spa.
Aviva Newcastle exit
Aviva Investors has sold the Hilton Newcastle Gateshead for more than the GBP36m guide price, to the Universities Superannuation Scheme. The 254 room hotel was completed in 2004 on a site overlooking Newcastle city centre.