UK: Property lender Leumi UK has provided a £43.7 million loan to Fattal Hotel Group to fund the acquisition and refurbishment of The Grand Brighton.
US: Braemar Hotels & Resorts has secured a mortgage loan for the Four Seasons Resort Scottsdale with plans to pay off a more expensive loan.
UK: OakNorth Bank has provided a £9.8 million loan to luxury boutique hotel Eccleston Square Hotel in London to refinance existing debt and support growth plans.
UK: Cynergy Bank has completed a £3.5 million loan to Stay Original Company to fund the acquisition of a sixth site in Somerset.
UK: The Signet Collection has secured £3.8 million to acquire and refurbish the Barnsdale Lodge Hotel in Oakham.
UK: Following almost £10 million in funding, House of Gods is set to expand with two new hotels in Glasgow
Saudi Arabia: The Red Sea Development Company (TRSDC), the firm behind The Red Sea Project, has secured a $3.76 billion
US/UK: University-anchored hotel brand Graduate Hotels has launched a Victory Lap initiative whereby four graduates will travel across the portfolio and capture content.
Worldwide: Independent lifestyle hotel brand The Standard has revealed 14 global openings, which would almost triple the group’s portfolio size over the next five years.
The Netherlands: Zien Group, the parent company of Eden Hotels, has opened the Jan Luyken Amsterdam as part of a new independent hotel brand.
UK: The 58-bedroom Riverside Hotel in Kendal has been sold by South Lakes Hotels to Interesting Hotels Group off a guide price of £4.5 million.
BHN editor Eloise Hanson checks in with Rami Zeidan, founder and CEO of Life House, to learn about his greatest achievements, worst mistakes, and what he’s yet to accomplish. They also discuss what challenges independent hotel owners face, what prompted the partnership with metasearch engine KAYAK, as well as future plans to introduce a new brand.
UK: Singaporean investor KOP Group has purchased the 105-room Burns Hotel located in Earls Court, London off a guide price of £35 million.
Greece: Hotel franchising company Wyndham Hotels & Resorts has added the 171-room Ajul Luxury Hotel & Spa Resort to its Registry Collection, marking the first hotel opening in Europe for the luxury soft brand.
US: Real estate development, brand and design firm LEFT LANE will open the Hotel Bardo Savannah in February 2024, a Leading Hotels of the World property.
US: Hotel owner and manager Sonesta International has debuted two soft brands – Classico A Sonesta Collection, and MOD A Sonesta Collection.
UK: Luxury hospitality company Belmond has promoted its chief operating officer Dan Ruff to CEO, effective 1 July 2023.
