A number of hotel companies and hospitality entrepreneurs are thought to be among the bidders who have expressed interest in a prime town centre building in Perth in Scotland.
The former Pullars building on Mill Street is being sold by Perth and Kinross Council, who have given any interested bidders until Wednesday, January 18 to come forward with any realistic offers. A council spokesman said they had received seven notes of intere... Continue Reading
Mergers and acquisition activity in pubs, bars and restaurants is likely to surge in 2012, according to new research from the business advisory consultancy, BDO.
Head of restaurants and bars at BDO, David Campbell, said that they expect to see many private equity companies looking to cash in on consumers continuing to eat out.
“Eating out has been relatively unaffected in the consumer downturn and we see casual dining... Continue Reading
A Kent hotel that once had connections with the infamous Kray brothers at the height of their notoriety has been put on the market.
The Russell Hotel in Penenden Heath, Maidstone, has been put on the market by its current owners with a price tag of £2.75 million. The elegant Victorian building was used as The Sacred Heart convent and school until the early 1970s, when it was sold, deconsecrated and converted into a hotel.
A popular micro-brewery in Shropshire is being put up for sale, offering potential new owners the chance to buy into a successful business with lucrative prospects for expansion and diversification.
The Shropshire Star has reported that the leasehold of the Ironbridge brewery has been put on the market for £299,995, and with that price is included the Old Fighting Cocks pub in Oakengates. The offering is located within the historic ... Continue Reading
Two hotels formerly owned by Morgans Hotel Group Co (MHG) have been sold by Jones Lang LaSalle Hotels.
The Sanderson and St Martins Lane, both of which are located in central London, have been acquired by the Middle Eastern investor Capital Hill Hotels Limited for £192 million.
Capital Hill Hotels Limited – which also owns numerous other hotels around the world – will continue to use MHG to operate each of the pri... Continue Reading
The new director of the hotel agency team of commercial property firm, Colliers International, has said that he believes there will be a significant rise in the number of people looking to buy hotels over the next twelve months.
Julian Troup told industry site, BigHospitality, that there will be a marked turn-around next year from the falling number of transactions that 2011 has seen. He explained that many of the quality buyers hav... Continue Reading
The Baby Grand Hotel Company - the business behind the 42 The Calls Hotel in Leeds - has called in administrators.
The company has appointed Rob Croxen, David Crawshaw and Blair Nimmo from KPMG's restructuring practice to find a buyer for the four-star boutique hotel. It will continue to trade as normal while a buyer is being sought.
Baby Grand is a subsidiary of the London-based Scotsman Hotel Group Limited (SHGL... Continue Reading
The famed Welsh live music venue, TJ's - where Kurt Cobain is said to have proposed to Courtney Love - has been put up for sale, after a deal with prospective buyers fell through.
The Newport rock club, which has become a leading light on the rock scene in Wales since it was first founded in 1971 - was close to being bought in October by a pair of local businessmen. Ozzeer Hassan and his father, Mehmood, won the auction to buy ... Continue Reading
The familiar fire station in the centre of Norwich is to officially be put up for sale, in a move that could net the local authority more than £650,000.
The station - which has served the city for more than 80 years - has the potential to be turned into a mix of residential, retail and office space, after planning permission was granted last August.
The Bethel Street building has been replaced by a state-of-the-art ne... Continue Reading
Familiar roadside restaurant chain, Little Chef, is to sell 19 of its premises in the UK, following a comprehensive review of its property portfolio.
The company currently runs 161 restaurants throughout the UK, and is letting go the 19 restaurants that operate under both the Little Chef and Burger King brands as they have been deemed to be "surplus" to the company's aims.
Simon Chaplin, director at Christie & Co, h... Continue Reading
An imminent deal is likely to see the operators of London's The Wolseley restaurant regain full control of their operations, three years after their co-owners fell into administration.
Mark Kleinman from Sky News has reported that Jeremy King and Chris Corbin, the founders of Rex Restaurant Associates, are expected to buy back the chunk of the company that has been controlled by BDO Stoy Hayward, the administrators handling the ... Continue Reading
Admiralty Arch, the historic and eye-catching London gateway that links The Mall to Trafalgar Square, is being sold by the government, and could become a new museum or hotel for the capital.
The building, which stands at the centre of some of London's most sought after and valuable space, is being put on the market by the government for at least £75 million. Civil servants have determined that full modernisation of the 80,000-s... Continue Reading
New figures have shown that the number of management buyouts (MBOs) carried out in the last three years has more than tripled.
Research carried out by Coutts Entrepreneurs has shown that entrepreneurs are increasingly taking the MBO exit option, due to a lack of trade buyers.
Andrew Haigh, a managing partner at the entrepreneurial division of the high-end bank, said that MBOs were increasingly being seen as valid and vi... Continue Reading
The Bruce Hotel, the popular hostelry in the centre of East Kilbride, has been placed into administration by its owners, after succumbing to the hardships of the economic climate.
Flagship Hotels had bought the 65-room property in 2007 and - despite doing a healthy trade as a wedding venue, restaurant and conference centre - they became unable to service its debt.
Administrators were appointed from the Glasgow office of... Continue Reading
Scottish luxury retailer House of Bruar has been placed on the market by its founders, following a strategic review that took place after they announced their intention to retire.
Mark and Linda Birkbeck founded the company in 1992, and have developed it to a status where it is informally known as the 'Harrods of the North'. It is based on an 11-acre site near the A9 in Perthshire and retails high-end clothing brands, incl... Continue Reading
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