Property Deals

In this section you will find all articles about hospitality property deals, giving you an easy route to all the information and news about hospitality property deals on Caterersearch. For subject overviews take a look at Caterersearch’s expert guides that provide 'everything you need to know' on popular subjects like hospitality property deals, Gordon Ramsay, Compass or Michelin-starred restaurants.

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Fuller's to buy 15 pubs from Enterprise Inns

London-based pub company Fuller, Smith & Turner has agreed to buy 15 freehold tenanted pubs from rival Enterprise Inns. Fuller's is paying £22.9m in cash for the pubs, which generated operating profits of £1.7m in the year to 30 September 2011...
Posted: 03 February 2012 | 09:59

Fuller's buys Reigate pub

London-based pub company Fuller Smith & Turner has bought the Market hotel, a pub in the centre of Reigate, Surrey. The Market will be Fuller's first pub in Reigate and takes the Fuller's estate to 367 sites.
Posted: 02 February 2012 | 16:44

Triple Catey winners Ian and Christa Taylor buy Abbey hotel in Bath

Ian and Christa TaylorTriple Catey winners Ian and Christa Taylor have bought the 60-bedroom Abbey hotel in Bath and have plans to transform the three-star property into a mid-market boutique offering. The hotel - one of the oldest in Bath - has been acquired from Compass Hotels, which has run the Abbey for 23 years.
Posted: 01 February 2012 | 12:04

Edwardian Group snaps up Odeon Leicester Square site for hotel redevelopment

Radisson Edwardian logoThe Edwardian Group is to open its third hotel on London's Leicester Square, with the announcement that it has purchased the square's Odeon site. It is believed that the 14-strong privately owned hotel group paid around £100m for the location, from Ireland's National Asset Management Agency.
Posted: 01 February 2012 | 09:00

Macdonald Hotels & Resorts takes over management of the Haycock hotel

Haycock HotelMacdonald Hotels & Resorts has taken over the management of the privately-owned three-star, 48-bedroom Haycock hotel in Wansford, Cambridgeshire. Situated north-west of Peterborough, the 16th-century property will operate as a Macdonald Associate Hotel and will benefit from sales, marketing and management services.
Posted: 30 January 2012 | 15:35

Cliveden sale to complete tomorrow as new owners promise to return property's sparkle

ClivedenThe new owners of Cliveden, who are due to exchange and complete on their purchase of the historic country house hotel tomorrow, intend to make the property "sparkle" again. Ian and Richard Livingstone, the billionaire property developer brothers...
Posted: 30 January 2012 | 11:15

The price is right for property deals

KeysWith stocks up, prices down and an increasing number of disgruntled employees on the lookout for reasonably priced businesses to run, deal activity in the hospitality space is set to soar in 2012. Elly Earls finds out if now really is the right time to take the plunge and fork out on that dream property
Posted: 26 January 2012 | 16:59

Malmaison to launch hotel in Dundee

Malmaison logoMalmaison is to open a 91-bedroom hotel in Dundee, as part of the second-largest regeneration project in Scotland. The new 91-bedroom Malmaison Dundee is being created on the site of the old Tay Hotel, a listed city-centre landmark building, and forms part of the £1b Dundee Central Waterfront Development.
Posted: 23 January 2012 | 12:00

Food and Fuel buys Prince of Wales in Putney

Catererandhotekeeper NewsLondon-based pub and bar operator Food and Fuel has bought the Prince of Wales in Putney, London, from pub company Etive. The deal for the tied leasehold business, which was for an undisclosed sum, takes Food and Fuel's estate to 11 sites.
Posted: 20 January 2012 | 15:53

Ryder Cup venue the Belfry is up for sale

The BelfryThe world-renowned golfing hotel and resort the Belfry, which has hosted the Ryder Cup four times, has been put up for sale. The 324-bedroom hotel, set within a 550-acre resort in Warwickshire, is currently owned by Irish businessman Sean Quinn, who is currently facing bankruptcy in the republic.
Posted: 16 January 2012 | 12:13

Young's sells Shepherd's Bush pub for development

Youngs logoLondon-based pub company Young's has sold the freehold of the Stinging Nettle pub in Shepherd's Bush W12. The deal, brokered by Davis Coffer Lyons, sees PPR Estates take on the site for development use. The Stinging Nettle is a three-storey, two-bar operation opposite Goldhawk Station .
Posted: 13 January 2012 | 12:40

Birmingham’s gay night-spot, Nightingale, sold to Westbourne Leisure

Catererandhotekeeper NewsBirmingham's oldest gay night-spot, Nightingale, has been sold to Midlands-based licensed trade operators Westbourne Leisure after falling into administration in November last year. The deal, brokered by property agents Christie & Co, will see Westbourne's trading partners, Lawrence Barton and family, run the business.
Posted: 11 January 2012 | 11:03

Principal Hayley buys back and resells six hotels

Principal HayleyPrincipal Hayley has bought back six hotels for £200m from property fund AAIM. The hotel group, which has 22 hotels in the UK, then immediately sold the freehold of the properties to Parmerica, the real-estate arm of America's Prudential, and will continue to operate them on a 175-year lease.
Posted: 10 January 2012 | 13:34

Original owners buy back Ynyshir Hall from Von Essen's administrators

Ynyshir HallThe nine-bedroom Ynyshir Hall country house hotel in Powys has been bought by Joan and Rob Reen, the former owners who sold the property to Von Essen Hotels in 2006. Joan Reen said she was "absolutely delighted" to have regained ownership of the property.
Posted: 09 January 2012 | 16:18

Ex-Paramount boss buys second Livebait restaurant

Catererandhotekeeper NewsSBG Restaurants, owned by Richard Muir and William Rollason, has added its second Livebait restaurant to its portfolio, having bought the Leeds site from in-administraiton Paramount Restaurant Group. Muir and Rollason, former chairman of Paramount, made their first acquisition for their new company from Paramount in November last year.
Posted: 09 January 2012 | 16:01

La Tasca buys Newbury site from in-administration Paramount

La Tasca logoCasual-dining chain La Tasca has become the latest firm to acquire a site from in-administration Paramount, buying Brasserie Gérard in Newbury, Berkshire. La Tasca said the move was the first time the firm had hit the expansion trail in four years.
Posted: 09 January 2012 | 10:56

Bespoke Hotels takes over Cotswold House and Noel Arms

Cotswold House hotelBespoke Hotels has taken over a long-term lease and the management of the Cotswold House hotel and Noel Arms in Chipping Campden, Gloucestershire. The hotel management company has acquired the lease of the two hotels from Egyptian-based Concorde Hotel Management.
Posted: 05 January 2012 | 13:29

Weak property prices prompt Travelodge to target city centres

Travelodge signTravelodge intends to take advantage of the weak property market by expanding its location wish-list to 146 sites. The budget hotel chain said it was responding to the availability of sites that would previously have been sold for prime residential and commercial use.
Posted: 21 December 2011 | 12:32

Two Mint hotels in London rebranded as Doubletree by Hilton

The conversion of the two Mint hotels in London to Doubletree by Hilton properties are the first two UK hotels within the group to be rebranded following their acquisition by private equity company, the Blackstone Group in September. The sale of the eight-strong Mint Hotel portfolio - seven...
Posted: 19 December 2011 | 13:18

Spaghetti House acquires two Paramount Restaurant sites in London

Spaghetti HouseItalian restaurant group Spaghetti House has acquired two London sites from Paramount Restaurants following the group's collapse into administration. Spaghetti House has taken over the Bertorelli Restaurant on Argyle Street, near Oxford Circus, and Brasserie Gerard on Kensington High Street.
Posted: 16 December 2011 | 10:18

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10th February 2012