M&A activity [big deals/small deals]
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A muted reaction to the temporary reprieve for the hospitality industry on business tax, and the news this week that the Government is not planning to introduce minimum alcohol pricing into the market.
Posted: 03 April 2009 | 00:00
Iconic London restaurant the Criterion has been taken over by Vasily Sopromadze, a Georgian entrepreneur, as the first of a number of planned investments in the capital.
Posted: 31 March 2009 | 07:30
Compass Hotels Management Services has taken over the management contracts of four former The Real Hotel Company properties.
Posted: 19 March 2009 | 15:35
Budget hotel group Travelodge has snapped up 12 new hotels worth £77m, as landlords look to sell on sites as the recession hits home.
Posted: 18 March 2009 | 00:01
Gordon Ramsay Holdings (GRH) has sold its third overseas venture in less than a month, after it stepped back from the day-to-day running of its eponymous restaurant at the Trianon Palace hotel in Versailles.
Posted: 16 March 2009 | 14:39
I got the poison, I got the remedy, I got the pulsating rhythmical remedy. No such certainties from Heston Blumenthal unfortunately, with mystery continuing to surround the food scare that led to the closure of the Fat Duck last month.
Posted: 13 March 2009 | 16:47
Pub chain JD Wetherspoon is increasingly shunning conversions in favour of snapping up failed pub sites at bargain prices as the recession hits home.
Posted: 13 March 2009 | 14:18
The five-star Le Meridien Beach Plaza hotel in Monaco has been sold by Starman Hotels for an estimated €25m (£22.8m).
Posted: 10 March 2009 | 08:30
Gordon Ramsay Holdings (GRH) has stepped back from the day-to-day involvement in its Michelin-starred restaurant at the London West Hollywood hotel in Los Angeles.
Posted: 09 March 2009 | 17:10
A round-up of the weekend's news affecting the hospitality industry. News includes: Health tests could keep Fat Duck closed for weeks; Pasta Hut reverts to Pizza Hut; UK fast-food operators eye up Nando’s; Westfield London tenants in revolt; convicted ex-Belgo director maintains innocence
Posted: 09 March 2009 | 10:17
Adnams has paid Punch Taverns an estimated £2.7m for three iconic Suffolk pubs, the brewer and pub operator announced today.
Posted: 06 March 2009 | 15:19
The owners of former Caterer Adopted Business the Preston Park Tavern have launched a second pub, the Chimney House in Brighton.
Posted: 27 February 2009 | 08:00
Entrepreneur Luke Johnson has added a third pastry brand to his growing empire, with a deal to acquire London’s Baker & Spice chain.
Posted: 25 February 2009 | 12:12
Focus Hotels Management has helped safeguard 500 jobs at the collapsed Real Hotel Group by agreeing to take on the running of 10 hotel leases.
Posted: 06 February 2009 | 16:51
UK hotel transactions declined 68% in 2008, mirroring a downward trend across Europe, the Middle East and Africa, according to a new report.
Posted: 05 February 2009 | 15:30
Sojourn Hotels has bought the leasehold on the Express by Holiday Inn in Crawley off a guide price of around £10m.
Posted: 04 February 2009 | 12:14
London pub company Fuller, Smith & Turner has revealed plans to add to its estate in the coming months despite the UK recession.
Posted: 29 January 2009 | 12:23
The last hotel in the Folio Hotel Group has been sold, completing the administration process that began in December.
Posted: 29 January 2009 | 11:51
London-based gastro pub group Renaissance Pubs has sold its Cinnamon Cay restaurant in Battersea as it “no longer met with the core identity” of the portfolio.
Posted: 23 January 2009 | 16:19
Four FishWorks restaurants have been rescued from administration in a deal that saves more than 100 jobs.
Posted: 21 January 2009 | 15:54
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