Issue 6: 12th February 2018

    Serviced apartments defy uncertainty

    The UK serviced apartment sector achieved a modest uplift in occupancy in 2017 to hit 81.7%, with London and Edinburgh the top performers, according to figures from STR Global. The study, conducted with the support of the Association of Serviced Apartment Providers, came as Cycas Hospitality opened its first property in continental Europe and expanded [...]

    Soho House moots IPO

    Soho House is reported to be looking at an IPO in New York which would value it at around USD2bn, appointing Goldman Sachs and JP Morgan to look at fundraising options. The company, which opened the award-winning Ned in the City of London last year, has been beset with financing issues as it targets three [...]

    EasyHotel empties the coffers

    EasyHotel said that it was “significantly” outperforming its competitive set and the wider UK hotel market. The company was exploring the options for further financing, having now deployed all the funds from its 2016 equity fundraising and bank loan. Guy Parsons, CEO, EasyHotel said: “We continue to see a good number of attractive potential development [...]

    Boutique hotels eye growth

    Lime Wood Hotels has announced expansion for its Pig hotels, adding three new sites with an investment of GBP30m. The news came as Virgin Hotels revealed its first hotel outside the US, in Edinburgh, with Laura Ashley Hotels also looking to growth into the Middle East, Indian Ocean and Asia Pacific region. At Lime Wood [...]

    PPHE buoyed by east as London falters

    PPHE Hotel Group reported strong performance in Germany and Croatia as it continued to raise funds to expand in Europe. The group maintained faith in London,  announcing construction of its Hoxton art’otel, despite reports that the capital had recorded its first decline in revpar after four consecutive quarters of growth, in the final quarter of [...]

    Business as usual at Kingdom

    The Ritz Carlton in Riyadh is taking bookings again after being closed to house those under investigation in an anti-corruption probe. Shares in Kingdom Holding Company, whose chairman, Prince Al-Waleed bin Talal, was one of the investigation’s targets, rose by 10% on the news of his release. The prince was detained for 80 days in [...]