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Corina Duma

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JMK Group Secures £48m Loan to Convert City of London Office into 260-Bed Hotel, Pending Approval

🏨 JMK Group secured a £48m loan from OakNorth and REL Finance to convert Peninsular House, a nine-storey office in City of London, into a 260-bed hotel, pending planning permission. Founded in 2009, the family-run company has expanded across London and Ireland. This redevelopment, including views of Tower Bridge and the Gherkin, aligns with JMK Group's growth strategy after acquiring Clements Lane. The loan follows a previous acquisition in December 2024.
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Crowne Plaza Porto Completes Refurbishment of 232 Guestrooms and 11 Meeting Rooms in Boavista District, Portugal

🏨 Crowne Plaza Porto in Portugal has completed a full refurbishment of its 232 guestrooms and 11 meeting rooms. Located in the Boavista district, the hotel is 15 minutes from the airport. The largest meeting room accommodates 450 guests, equipped with natural light and technology for conferences. The renovated guestrooms offer workspaces and high-speed connectivity. On-site dining is available at soMos Restaurant and Lounge. The hotel is near Casa da Música and Serralves Foundation.
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Kew Green Hotels Announces Five-Year Strategy to Expand UK Portfolio and Improve Profitability Under New CEO

🏨 Kew Green Hotels has unveiled a five-year strategy to expand its portfolio and become a UK sector leader. CEO David Taylor, in his role for five months, plans to implement a performance-based framework, with him as the first to be assessed. Energy contracts are secured at fixed rates until 2027. Taylor will visit every hotel in six months to support local management, shifting focus from head-office. The strategy aims to enhance profitability and attract investors.
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Olea All Suite Hotel in Zakynthos to Reopen May 2026 with New Pool and Expanded Wellness Program

🏨 Olea All Suite Hotel in Zakynthos reopens on 1 May 2026, featuring a new outdoor pool and expanded wellness program. Located on the island's northeast coast, the 89-suite hotel includes a fitness centre, yoga shala, three restaurants, and two bars. Culinary updates feature guest chef collaborations. Managed by SWOT Hospitality, the resort offers excursions like private boat trips. Nightly rates start at €493 (£425). The company portfolio is valued at €600m (£518m) across Greece and Southeast Europe.
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Room00 Next Gen Hospitality to Invest Up to €420m in Southern Europe and London Expansion by 2026

🏨 Room00 Next Gen Hospitality plans to invest €330m-€420m (£285m-£313.5m) in 2026 to expand in Southern Europe and London, after a €400m (£298m) funding round in 2025. They aim to add 20 properties with 1,421 rooms. London plans include €50m-€80m (£37m-£59m) for sites in Bloomsbury, Paddington, St Paul’s, and Victoria. €140m (£104.5m) is allocated for Italy, with additional investments in Lisbon, Porto, and Spanish cities. 80% of capital targets acquisitions and repositioning.
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Virgin Limited Edition to Open 37-Suite Hotel Near Marrakech in 2027 Through Partnership with Sazanes Immobilier

🏨 Virgin Limited Edition will open a 37-suite hotel near Marrakech in 2027, as part of a collaboration with Sazanes Immobilier. Located 25 minutes from central Marrakech, the hotel sits on a 10-hectare estate with an organic farm and features three restaurants, a speakeasy bar, a 40-meter swimming pool, and a hammam. Bookings start in September 2026. The first 22 rooms will open early 2027, with the remaining 15 suites by early 2028.
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Stockton-on-Tees Council Approves £25m Redevelopment of Kirklevington Hall into Boutique Hotel and Spa

🏨 Stockton-on-Tees Borough Council, in March 2023, approved a £25m redevelopment of Kirklevington Hall into a boutique hotel and spa led by Chris Musgrave with Kymel. The project includes 18 guest suites, a restaurant extension, a wellness spa, 20 woodland lodges, and a dedicated events pavilion. It aims to boost economic benefits and job creation in the North East. Design and planning are managed by GSSArchitecture and Lichfields.
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BWH Hotels Announces Expansion in Africa with 25 New Projects in Morocco and 12 in Egypt

🏨 BWH Hotels aims to expand in Africa with new developments in Morocco, Egypt, Nigeria, Ethiopia, and Tanzania. The Future Hospitality Summit Africa will take place from March 31 to April 1, 2026. The group has signed over 25 pipeline properties in Morocco in the past year and has 12 projects in Egypt. In Nigeria, two hotels will open: Best Western Premier McDons Skye Hotel and Best Western Plus Ambience Hotel Ikeja. The expansion targets upscale and upper-midscale markets.
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Lothian Pension Fund Acquires 145-Bedroom Edinburgh Hotel Development for £23.4 Million from Oval Real Estate

🏨 Lothian Pension Fund acquired a 145-bedroom hotel at Hanover Buildings, Edinburgh, for £23.4m from Oval Real Estate. The property is located at 66-84 Rose Street and is let to Hub by Premier Inn, generating 70% of the total income. The site includes five retail and leisure units, with a net initial yield of 5.66%. Colin Finlayson emphasized strong investor demand, while Nicola Barrett highlighted the asset's prime location and stable returns.
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Corinthia Hotels to Open 150-Room Luxury Hotel and Residences in Chengdu, China by 2032 with RMB 4bn Investment

🏨 Corinthia Hotels, partnering with ShiLong Industry and Geminus Group, plans to open a luxury hotel and branded residences in Chengdu, China, by 2032. Located in the Gaoxin District, the 225m mixed-use tower will feature 150 rooms, 60 residences, and retail/commercial spaces, with a total investment of RMB 4 billion. It’s Corinthia’s first venture into China, aligning with their international expansion strategy and sustainability standards. Construction is ongoing, aiming to blend global service excellence with local culture.
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