Finance

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Hotel du Vin and Malmaison put on the market for £700m

Oxford MalmaisonHotel du Vin and Malmaison will reportedly be put on the market for £700m today after Marylebone Warwick Balfour (MWB) opted to pursue an outright sale of its hotel business.
Posted: 13 July 2007 | 10:01

Capital Pub Company continues with acquisition strategy

David Bruce & Clive WatsonCapital Pub Company, the portfolio of 23 London pubs that floated on London’s Alternative Investment Market (AIM) last month, is to continue its acquisition strategy in a bid to expand.
Posted: 12 July 2007 | 16:37

Sodexho Alliance enjoys strong performance in first nine months of the year

Contract catering and services giant Sodexho Alliance has enjoyed a strong first nine months of 2007 with total sales up 3.6% to €10.2b (£6.9b).
Posted: 05 July 2007 | 17:00

Tourism's plea to Mr Brown

As Gordon Brown gets his feet under the table at 10 Downing Street, consultant Max Lawrence ponders whether he sees tourism and hospitality merely as revenue-generators for the Government
Posted: 04 July 2007 | 13:30

Boss of Real Hotel Group takes a swipe at rivals

The boss of the newly named Real Hotel Group (RHG) has taken a swipe at his budget hotel rivals.
Posted: 04 July 2007 | 07:00

Greene King unveiled record results and brushes aside smoking ban worries

pints on the tableBrewer and pub operator Greene King today brushed off worries about the English smoking ban as it unveiled record results.
Posted: 03 July 2007 | 13:15

Heavitree sees half year profits dip but remains positive about life after the smoking ban

Exeter-based Heavitree Brewery has seen a dip in half-year profits, but expects improvements made to its pub estate in the run up to the England smoking ban to boost its fortunes.
Posted: 29 June 2007 | 17:37

Thwaites pub profits increase after restructuring of business

George & Dragon, RiponLancashire brewer and pub operator Thwaites has seen profits jump after last year’s improvement to its pubs and the restructuring of its business.
Posted: 29 June 2007 | 10:50

No rush for REITs after Vector failure

Malmaison, Charterhouse Square, LondonVector, the group created by Richard Balfour-Lynn and David Michels, failed to become the hotel industry's first REIT earlier this month after a lack of support from investors.
Posted: 28 June 2007 | 09:00

Reinvention is the industry's greatest asset

David MichelsLiving through four decades of change gives David Michels, board member of Vector Hospitality and former Hilton chief executive, a special slant on trends in the hotel business
Posted: 28 June 2007 | 00:00

Real Estate Investment Trusts (REIT) for hotels and restaurants

Tax is not normally an subject to make the heart flutter, but there was more than a ripple of excitement in hospitality circles last year when the government announced that hotels and restaurants were allowed to become part of a Real Estate Investment Trust (REIT).
Posted: 21 June 2007 | 10:20

Malmaison owner denies accusations of Vector mismanagement

Malmaison owner Marylebone Warwick Balfour (MWB) has refuted claims by its largest institutional shareholder that it mismanaged Vector, the planned hotel real estate investment trust (REIT) that stalled early this month.
Posted: 20 June 2007 | 14:54

Park Plaza hotels to float on AIM

Park Plaza logoHotel operator Park Plaza is planning to float on the Alternative Investment Market in a listing that will value the company at about £270m.
Posted: 20 June 2007 | 10:54

Clapham House turnover soars as openings programme goes into overdrive

Gourmet Burger Kitchen logoClapham House’s turnover has nearly tripled in a year that saw it open more than 40 new restaurants and venture outside its London heartland for the first time.
Posted: 19 June 2007 | 15:51

Finance director quits JD Wetherspoon

Wetherspoon's Counting House pub, GlasgowJim Clarke, finance director at JD Wetherspoon, is to leave the pub operator in October to pursue other career opportunities.
Posted: 18 June 2007 | 17:33

Ultimate Leisure completes pub chain buy to boost food business

Ultimate Leisure completed its acquisition of the Bel and the Dragon pub group for £8.75m to bolster its food offer.
Posted: 18 June 2007 | 11:23

Vector's problems not an end to hotel REITs, say experts

The failure of Vector Hospitality, the hotel sector's first real estate investment trust (REIT), to float is more of a teething problem than a sign the model won't work in the UK, according to industry experts.
Posted: 14 June 2007 | 16:00

Property investors queue up to buy Vector Hospitality assets

Private property investors are queuing up to buy the £2.6b of hotel assets available after the failed launch of Vector Hospitality last week.
Posted: 14 June 2007 | 15:00

Fuller Smith & Turner reports 23% rise in turnover

Fuller's logoLondon brewer and pub operator Fuller Smith & Turner has reported a 23% increase in annual turnover boosted by a full year's contribution from the acquired Gales business as well as two hotel disposals and strong underlying growth.
Posted: 08 June 2007 | 10:03

Vector pulls out of £2b floatation

Malmaison, Charterhouse Square, LondonVector, the UK’s first hotel REIT (real estate investment trust) has fallen at the last hurdle after fears about a decline in the property market deterred investors.
Posted: 07 June 2007 | 15:53

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