Cynera Rodricks

🏨 Three Ibis hotels in the North of England and the Midlands were sold to an owner-operator for an undisclosed amount. The hotels include the Ibis Lincoln, Ibis Chesterfield North, and Ibis Rotherham East, each with 86 rooms. Features include bars, restaurants, meeting facilities, and parking options. The transaction was managed by Christie and Co, with regional director David Lee highlighting the strong interest from investors in limited service hotels.

🏨 The Dunalastair Hotel Suites in Kinloch Rannoch, Perthshire, was sold to Loch Rannoch Estate Limited for an undisclosed sum. Originally a drovers’ inn from the 1700s, it was redeveloped during the Victorian era and now features 32 suites. The sale was managed by Graham and Sibbald for administrators Julie Tait and Stuart Preston. Located near Loch Rannoch, the hotel complements Loch Rannoch Hotel’s spa and dining options.

🏨 PPHE Hotel Group acquired a development site near the City of London for £17.5m. The site, near Tower Bridge, will host a Radisson Red lifestyle hotel with 182 rooms, a restaurant, bar, gym, and 41,000 sq ft of office space. Opening in 2029, the total investment is about £90m, aiming for a high single-digit yield. The project seeks BREEAM “Excellent” accreditation and is PPHE’s European Hospitality Fund’s second acquisition. Their portfolio is valued at £2.2bn.

📍 Providence Hotels has acquired leases for four Mercure hotels in Exeter, Daventry Court, Blackburn Dunkenhalgh, and Haydock, UK, through a franchise agreement with Accor. This acquisition supports Providence's growth strategy focused on performance and guest experience. Joe Bester, CEO of Providence Hotels, emphasized the importance of maintaining each hotel's unique identity while enhancing performance. The company is known for managing leased hotel properties across the UK, emphasizing strategic expansion and consistent service.