UK: The “compact luxury” brand Z Hotels has secured a £15 million loan from OakNorth Bank to refinance an existing loan and construct new rooms at Z Piccadilly.
UK: Mactaggart Family & Partners, the majority investor in Resident Hotels Ltd, has acquired a controlling stake in Sleeperz Hotels.
Germany: Hyatt Hotels Corporation has announced the official opening of Andaz Munich Schwabinger Tor, the first Andaz branded hotel in Germany. Joining Andaz hotels in destinations around the world, including New York, London, Amsterdam and Abu Dhabi, Germany‘s Andaz Munich Schwabinger Tor is the third Andaz branded hotel in Europe.
UK: Law firm Howard Kennedy has advised Metro Bank on an £18m loan to fund the purchase of an office building in Chandos Place for Z Hotels Metro bank has provided an £18m loan to fund the purchase of an office building in Chandos Place for Z Hotels in central
UK: The former Old Printworks pub near Glasgow’s George Square has been sold to budget hotel operator Z Hotels. Z Hotels, which has two properties in London and is opening a third in North John Street, Liverpool, this month, was launched 18 months ago by two former Thistle Hotel executives,
Germany: Independent boutique hotel collection Design Hotels has appointed Stijn Oyen as managing director.
Worldwide: Independent hotel collection Preferred Hotels & Resorts has added 13 member properties to its global portfolio.
UK: After falling into administration in January 2024, British hospitality group Flat Cap Hotels has put The Vicarage and The Bridge Hotel in Cheshire up for sale individually.
UK: The Everly Hotels Collection will launch early this summer near Brighton as the latest hotel offering from Greene King.
BHN speaks to Kike Sarasola, founder and president of Room Mate Hotels, about the company’s future growth strategy following its acquisition by Angelo Gordon and Westmont, as well as challenges facing the European market.