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Positive outlook for UK hotels


A DIAMOND tiara, keys to a Bentley, a miniature Shetland pony called Pudding and a mother in law called June were just some of the items left behind in a Travelodge hotel in 2015. The UK’s largest independent hotel chain hosts more than 17 million guests a year in its 506 hotels. The group has announced that it will open 19 sites in 2016 as part of an investment of £140m as the budget hotel market continues to go from strength to strength, boosted by ever more cost-conscious businesses and the growth in independent leisure travel.


Cheltenham Racecourse


Roberts Limbrick Architects talk about their work on the £45m redevelopment of Cheltenham Racecourse, which creates an amphitheatre around the Parade Ring, while improving circulation and providing new club and hospitality venues.


(See page 14)


UK hotels continue to benefit from a positive economic and business travel backdrop, with growth forecast for 2016.


Editor Vicky Kiernander


Sales director Julian Walter


National sales manager Jake Deadman


Sales executive Natasha Jamison


Production Gina Mitchell


Design Sandra Cid


Managing director Toby Filby


It follows a very successful 2015 for hotel investment, with real estate advisor Savills reporting that total transaction volumes in the UK hotel market reached £8.1bn in 2015, the highest level since the £8.3bn record in 2006. The figure marks an increase of 31.6 per cent on the £6.1bn full year total in 2014. Notable transactions included a number of high profile deals including the £1.37bn sale of a share in the Maybourne portfolio which included Claridge’s, the £345m sale of the Holiday Inn, Kensington and the £270m sale of the Bulgari Hotel, Knightsbridge.


Major portfolio transactions last year included Lone Star Funds’ acquisition of a portfolio of 22 Mercure branded hotels as part of their £1bn acquisition from Moorfield and Fraser Hospitality’s purchase of the Malmaison portfolio for around £363m.


“With the operating landscape in the UK’s regional markets continuing to improve and such a significant amount of equity looking to deploy into the sector, we expect 2016 to be another strong year for investment into the UK hotel market,” says Robert Stapleton, hotels director at Savills.


Publishers Stable Publishing Limited SBC House, Restmor Way, Wallington, Surrey SM6 7AH, England. T. 020 8288 1080 F. 020 8288 1099 E. sales@leisuredab.co.uk www.leisuredab.co.uk


Meanwhile, there are a host of exciting new hotel openings planned for 2016 including the long-awaited Ritz Paris, which is due to re-open after a four-year renovation project. Closer to home is the Four Seasons Hotel London at Ten Trinity Square, a Grade II* listed building next to the Tower of London World Heritage Site which is being comprehensively restored and upgraded. Exciting times!


Vicky Kiernander Editor vicky@leisuredab.co.uk


The publishers do not necessarily agree with views expressed by contributors and cannot accept responsibility for claims made by manufacturers and authors, nor do they accept any responsibility for any errors in the subject matter of this publication.


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