Samantha McClary
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Whitbread confirms Marriott hotel sell-off plan
Whitbread has confirmed that it is to sell its 51-strong chain of four-star Marriott hotels, a move that is likely to raise more than £1bn for the company.
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DSH to spend £50m on revamp of Torquay’s Imperial hotel
Dawnay Shore Hotels (DSH) is to spend £50m redeveloping its 152-bedroom Imperial hotel in Torquay, Devon. DSH plans to transform the hotel – which is part of the Paramount Hotels…
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Trillium grants White City purchase option to BBC
Land Securities Group’s property outsourcing business Land Securities Trillium has granted an option to the BBC for the acquisition of the recently completed Media Village in White City, W12.
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InterContinental sells most of its UK hotels for £1bn
InterContinental Hotels Group (IHG) has sold the majority of its UK portfolio for £1bn. The purchaser is a consortium made up of Lehman Brothers Real Estate Partners, GIC Real Estate…
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Plans unveiled for expansion of Selby shopping centre
Yorkshire-based Dransfield Properties has unveiled plans to increase the size of its Market Cross shopping centre in Selby town centre. The scheme, unveiled today during a two-day public consultation session,…
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M&C agrees final settlement on hotel damaged in 9/11 attack
CDL Hotels USA has agreed a final settlement with US insurance company Travelers Property Casualty over damage sustained to its hotel close to the site of New York’s destroyed World…
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Khélifi joins Doughty Hanson in France
Doughty Hanson has appointed Lahlou Khélifi to develop its real estate activities in France. The appointment comes ahead of the launch of the company’s new real estate fund, Doughty Hanson…
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Puma sells Liverpool office building
Shore Capital’s Puma Property Fund has sold its Henry Cotton House office building on the Liverpool John Moores University campus for £12.1m.
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Four shortlisted for Crawley regeneration scheme
Capital Shopping Centres, Land Securities, Grosvenor and Westfield have all been shortlisted for the 1m sq ft redevelopment of Crawley town centre.
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USB grabs Yeovil’s Quedam shopping centre for £62m
CIT has sold its Quedam shopping centre in Yeovil to UBS for £62m, an initial yield of 5.5%. The company decided to sell it following several unsolicited approaches.
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C&R’s Junction fund to buy Slough retail park for £77m
Land Securities is about to sell its Slough retail park to Capital & Regional fund The Junction. The Junction is paying close to the £77m asking price, reflecting an initial…
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Unwins sale scuppers leaseback deal
Venture capitalist DM Private Equity has swooped on privately owned off-licence chain Unwins and scuppered a sale-and-leaseback deal the company was poised to complete.