MONTH IN REVIEW
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HOTEL OPENINGS
Travelodge opens
its first hotel in
Bury St Edmunds
Travelodge has opened its first property
in Bury St Edmunds following an £8m
investment to create the 80-room hotel.
Jo Churchill, assistant government
whip and MP for Bury St Edmunds
joined developer Mike Spenser
and Tony O’ Brien, Travelodge UK
development director, to officially open
the hotel.
Bury St Edmunds Travelodge is
located close to the railway station and
is the company’s 579th hotel and its
seventh property in Suffolk.
The 80-room hotel features an
on-site restaurant called the Bar Café
which offers a breakfast, dinner and
bar menu. The hotel also offers on-site
complimentary car-parking. The rooms
feature LED ceiling lighting, providing
a warmer ambiance, a ‘comfort
cooling’ system, a 32 inch Freeview
TV, WiFi and free in-room tea and
coffee making facilities.
At the official opening of Bury St
Edmunds Travelodge, the company
also announced that Suffolk is a
“key growth area” and it is actively
searching for three more hotels sites
across the county. Locations include
Felixstowe, Lowestoft and Newmarket.
It said collectively this expansion
programme represents an investment
of £15m for third party investors and
will create around 60 new jobs.
With the addition of these three
hotels, Travelodge will operate 10 hotels
across the county and make it Suffolk’s
largest branded budget hotel operator.
May 2019
HOTELS FOR SALE
Perth country
house hotel
brought to
market for
£3.25m
The Leonardo Boutique Hotel
Huntingtower in Perth, built in original
Tudor style and set in its own wooded
and lawned grounds, has been brought
to the market for around £3.25m.
Colliers International, which is acting
for the vendor of the property, said
Perth’s hotel market is “doing well” and
the sale represents a “good chance for
hoteliers looking to gain a quality asset
in the area”.
The 34-bedroom hotel, which is
owned by a corporate group with
a large portfolio, sits in five acres
of grounds and is described as “an
authentic country house hotel”
while also being close to the city. An
established wedding venue, it also has
meeting and event income thanks to
its six meeting rooms, restaurant and
conservatory.
Julian Troup, head of UK hotels
agency at Colliers International,
said: “We are delighted to bring the
Huntingtower Hotel to the market. It is
an established and well known hotel
operating with a healthy trading base.
“The beautiful hotel has substantial
meeting facilities and extensive
grounds and provides an excellent mix
of income streams. We are anticipating
a favourable response to the marketing,
particularly bearing the hotel’s long
established reputation.”
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RESULTS
PPHE Hotel Group
starts 2019 with
8.1% LFL revenue
rise
PPHE Hotel Group has revealed it
made a “strong start” to 2019 as it saw
an 8.1% LFL revenue increase.
In a trading update for the
three months ending 31 March
2019 the international hospitality
real estate group which owns,
co-owns and develops hotels
said that LFL revenue increased
from £57.8m to £62.4m, driven by
“strong growth” in the UK , with
positive performances across the
Netherlands, Germany, Hungary.
Reported total revenue also
increased by 5.2% to £62.5m. PPHE
also saw an increase in occupancy
up from 73.7% to 76.4% while RevPar
for the three months was also up on a
reported and LFL basis up 10.1% and
7.9% respectively.
The group also announced it has
an approximately £240m committed
investment programme in place for
the development of art’otel london
hoxton and several repositioning
projects. 22 May 2019 will see the
launch of the group’s first completed
repositioning project for 2019, Holmes
Hotel London. This will follow by the
completion of repositioning projects
at Park Plaza Vondelpark, Amsterdam,
Park Plaza Utrecht and Arena Kazela
Campsite in Croatia.
Commenting on the results, Boris
Ivesha, president and CEO, said: “We
are pleased to report a strong first
quarter performance, with like-for-
like revenue for the group increasing
by 8.1% reflecting good increases in
occupancy and average room rate and
the appeal of our portfolio and our
rigorous focus on inspirational service
delivery to delight our guests.”
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