Lewis Catchpole - 10 Minutes News for Hoteliers - Page 4

2 min

PPHE extends Park Plaza London Riverbank loan to 2030

💵 PPHE Hotel Group has refinanced its loan with Aareal Bank for Park Plaza London Riverbank, extending maturity from June 2026 to June 2030. The £95.8 million facility carries a fixed interest rate of 3.248% until June 2026; post-2026, 85% moves to a 5.72% fixed rate. The loan includes no amortization and maintains loan-to-value and debt service covenants. PPHE's portfolio is valued at £2.2 billion as of December 2024.

1 min

Hospitality insolvencies ease to 857 in Q3

💸 In Q3 2025, 857 hospitality businesses, including hotels and restaurants, became insolvent in the UK, a slight 2.7% decrease from Q2's 881. Monthly insolvencies remain over 275. The Buchler Phillips Hospitality Index dropped from 197.3 in June to 191.9 in September. Key closures include Pizza Hut, shutting 68 restaurants and risking 1,200 jobs. The sector faces ongoing challenges with rising staff costs and consumer spending pressures.

2 min

Work starts on Premier Inn conversion at Phoenix House in Vauxhall

🏠 Work has commenced on converting Phoenix House, Vauxhall, London into a 180-room Premier Inn. Whitbread signed a 30-year lease with Lambeth Council in March 2025, with planning consent in July. Construction is underway, aiming for an early 2028 opening, creating about 25 jobs. Located opposite Vauxhall Underground Station, the site is part of Whitbread's London expansion. The 10-storey, 7,469 sqm building was previously used by Lambeth Council. Strip-out is by Redhammer Demolition, ending Easter 2026.

2 min

North Devon holiday cottages brought to market at £2m

🏠 Hewish Mill Holiday Cottages in Muddiford, North Devon, is up for sale at £2 million. This historic estate, dating back to 1751, spans 4.6 acres and includes a farmhouse and five cottages. The property, situated three miles from Exmoor and 25 minutes from beaches, also features gardens, a stable block, and EV charging. Domestic tourism saw a 16.3% rise in the first half of 2025, boosting market spending by 5.6% since 2022.

2 min

Lancashire’s Singleton Lodge brought to market for £1.45m

🏨 Singleton Lodge Country House Hotel, a Georgian hotel near Poulton-le-Fylde, is on the market for over £1.45 million. The three-storey property covers five acres and includes 14 en-suite bedrooms. A popular wedding venue, it features a reception lounge, bar, and dining areas seating up to 80. Located close to the M55, it offers easy access to Preston, Blackpool, and the Fylde coast. Tom Cunningham of Savills Manchester calls it a prime acquisition opportunity.

2 min

K West Hotel to reopen as Hotel Indigo Shepherd’s Bush in 2026

🏨 February 2026, Shepherd’s Bush, London: K West Hotel reopens as Hotel Indigo London K West. Formerly the BBC's Kensington House, the site hosted legends like Bowie and Marley. The hotel offers 231 rooms, suites, a restaurant, a bar, and an urban spa—the area's first. IHG acquired it in February 2023, partnering with Lancaster Landmark Hotel Company. Located near cultural spots like Westfield & BBC Studios, it aims to attract locals and visitors alike.

2 min

Tunbridge Wells Hotel brought to market for £2.69m

🏨 The Tunbridge Wells Hotel in Royal Tunbridge Wells is for sale at £2.69 million after 13 years of ownership. This boutique hotel features 20 en suite rooms, an 80-cover restaurant, a 50-seat function room, and a 90-cover outdoor area. The owner is retiring, and the property is located in the Pantiles, the town's cultural quarter. Fleurets' Simon Bland suggests its appeal to food-focused operators and accommodation-focused investors.

2 min

Baron’s Eden acquires Orsett Hall

🏨 Barons Eden acquired Orsett Hall Hotel, Restaurant, and Spa in Essex for an undisclosed amount. The Georgian-style hotel spans 12 acres and includes 57 en-suite bedrooms, a chapel, event spaces, and a spa. Located near Grays, it can host up to 1,000 guests and is 40 minutes from London. This marks Barons Eden’s second purchase post-investment from Alchemy Partners. Previously owned by the Barton-Wright family since 1993, Orsett Hall is a prime venue for weddings and events.

3 min

WTM: Global travel industry to outpace wider economy over next decade

✈️ Global travel industry to grow 3.5% annually over the next decade, surpassing global economic growth of 2.5%, according to WTM report at WTM London. By 2035, the industry will reach $16tn, nearly 12% of global GDP. In 2025, arrivals will exceed 1.5 billion. Growth driven by Asia Pacific demand, experiences, and events. Challenges include sustainability costs and geopolitical factors. Northern Europe sees a “coolcation” rise. AI, digital platforms boost demand. US inbound travel to fall 6% in 2025, rebounding by 2029.

2 min

Strand Palace unveils new M&E spaces amid £55m refurb

🏨 Strand Palace in London will open a £2m meetings and events facility on 10 November, part of a £55m refurbishment. The hotel, over 115 years old, added 12 new spaces, totaling 16. Renovations were completed in 2020, including public areas and 788 bedrooms. Strand Palace, under L+R Hotels, aims to enhance its hospitality market position. L+R Hotels manages over 112 hotels worldwide with 22,000 rooms across the UK, Europe, the US, and the Caribbean.

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