MONTH IN REVIEW
MONTH IN REVIEW
www.hotelowner.co.uk
HOTEL FIRES
200 guests
evacuated after
Heathrow hotel
blaze
Over 200 guests and 120 staff were
evacuated from the Radisson Blu hotel
in Bath Road, near Heathrow airport,
after a fire broke at the property on 18
February 2019.
Eight fire engines and around 60
firefighters were called to the fire at
4:12pm, and London Fire Brigade said
the fire was under control by 6:13pm.
A ground floor sauna and plant room
were destroyed by the blaze, and there
were no reports of any injuries.
Fire crews from Hayes, Feltham,
Hillingdon, and surrounding fire stations
attended the incident. The cause of the
fire is currently under investigation.
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compared with 2017.
2018 European hotel investment
activity was driven by growth in the
UK, Spain, Italy and Ireland. A strong
level of activity in the second and
fourth quarters of 2018 saw hotel
investment volumes in the UK reach
€7.7bn (£6.7bn), an increase of 24%
year-on-year.
This was driven by several notable
deals including Project Dragon Glass,
the sale of eight Hilton-branded
hotels and single assets such as The
Midland Hotel in Manchester and the
five-star Beaumont Hotel Mayfair in
London.
Colin Low, head of hotel investment
properties at CBRE Hotels, said: “2018
was a record year for hotel investment.
The growth in key European markets
such as the UK and Spain is testament
to the strong fundamentals of the
hotels sector which continues to attract
robust demand from investors across
the board.
“Non-European buyers accounted for
43% of the European hotel investment
volume with Middle East investors,
mainly Israeli becoming increasingly
active, accounting for 11.1% of capital
deployed across the European region
in 2018.”
HOTEL INVESTMENT
European hotel
real estate
investment
reached €23bn
in 2018
European hotel investment volumes
reached a record high of €23bn
(£20bn) in 2018, according to the latest
data from leading global real estate
advisor, CBRE.
According to the firm, the figure
represents a 3.4% increase on a “strong
2017”, and is 73.2% higher than the
10-year sector average. The total real
estate investment volume for all sectors
in Europe saw an increase of 0.3%
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www.hotelowner.co.uk
QUOTE OF
THE MONTH
“We are delighted to
welcome the Mercure
Preston Samlesbury
Hotel to our portfolio. It
is a fantastic hotel with
enormous potential and is
situated in an ideal location
to attract business travellers
and leisure guests alike”
That’s what Kim Eivind Krohn, owner
of KRO Hospitality, said after the
company bought the Samlesbury
Hotel out of administration, in a
multi-million pound deal that has
saved 50 local jobs
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HOTELS
Beannchor
Group’s £4m
Lisburn Square
hotel given
go-ahead
The Beannchor Group has been given
planning permission to develop a £4m
hotel at Lisburn Square, County Antrim.
The 52-bedroom property, which will
be the first hotel in Lisburn city centre,
is expected to open in autumn 2019.
An artist’s impression of the new hotel
reveals a contemporary look and feel
to the venue, featuring a glass fronted
ground floor façade.
The hotel, which is named ‘The
Haslem’, will have an contemporary
open plan ground floor reception
and a lobby bar and restaurant,
accessed from the central piazza.
The development will also include a
residents’ gym, conference room and
an underground car park.
The property, which is aiming for
four-star status, is an entirely new
concept for Beannchor, which owns
and operates some of Northern
Ireland’s leading hotels and hospitality
venues, including Belfast’s 5-star
Merchant Hotel, Bullitt Hotel and eight
Little Wing Pizzerias.
Bill Wolsey, managing director,
Beannchor said: “Our vision for The
Haslem is to create a stylish, urban
space that will enhance the hospitality
offering of Lisburn city centre. The
success of our Little Wing Pizzeria
in Lisburn Square showed that there
is a clear demand for high quality
hospitality venues in the city and gave
us confidence in this investment.
“We are passionate about the creation
of new and exciting concepts that meet
and exceed the needs of the modern
hotel guest. We hope that this new
hotel, which will have its own distinct
personality, look and feel, will be a fresh,
vibrant new space that the people of
Lisburn can take great pride in.”
March 2019