MONTH IN REVIEW
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HOTEL OPENINGS
Jurys Inn and
Leonardo Hotels
to develop
200-room Bristol
hotel
The Fattal Hotel Group has signed a
lease agreement to open a new 200-
room hotel in Bristol.
The 85,575 sq ft site will be part of
the Glassfields development situated
on Temple Way, at the gateway to
the city’s Temple Quarter business
district. The hotel will be managed
by Jurys Inn and Leonardo Hotels
UK and Ireland, and will mark the
group’s first hotel presence in Bristol,
which, once complete, will create an
estimated 50 jobs.
Launched alongside a new mixed-
use urban development – Glassfields
– the hotel will include office space and
shopping outlets aimed at creating a
“cosmopolitan hub” for both business
and leisure travellers.
The property also features “modern
and comfortable” bedrooms, each
boasting flat screen TVs, tea and
coffee refreshment docks, and ensuite
bathrooms, a restaurant and bar and
meeting facilities.
The group recently announced
the acquisition of the Grand Harbour
Hotel in Southampton, and well as the
leases for four Grange Hotels, marking
the group’s first entry into the Central
London market.
This is a truly exciting time
as we expand our offering
in the UK with this key site
in a major city like Bristol.
Our group of hotels are
well-known for their great
facilities and excellent
customer service
Jason Carruthers, managing director,
Jurys Inn and Leonardo Hotels UK
and Ireland
May 2019
HOTEL INVESTMENT
UK hotel market
attracting first
time MENA
investors
Middle East and North African (MENA)
investors are making their first market
investments in the European hotels
sector, including cities such as London,
Liverpool, Edinburgh and Glasgow,
according to Savills.
The global real estate services
provider firm found Middle Eastern
investors have invested £3.45bn into
Europe (including the UK) in 2016,
£5.39bn in 2017 and £4.84bn in 2018 as
the European hotel market is seen as
a “safe haven” for investment with real
estate offering “steady returns”.
Nick Newell, director in the Savills
hotels team, said: “On the one hand
lower oil prices have impacted some
major MENA investors who have
typically been the sovereign wealth
funds. In addition to this, Brexit
uncertainty has had a ‘stalling’ effect on
UK market investment recently; their
traditional preferred investment location.
“However, despite the uncertainty,
the fall in the pound due to the Brexit
vote in 2016 has countered this and
has made sure that the UK remains a
viable option, creating an opportunity
for a wider international investor pool
including more private, high-net-worth
individuals and family office investment
from the region such as the Select
Group and Lu Lu / Twenty14 Holdings
investing in the European hotel sector,
a trend we expect to continue over the
next 12 months.”
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ACQUISITIONS
Bespoke Hotels
adds Manor
Country House
to portfolio
Bespoke Hotels has added oxfordshire
hotel, Manor Country House, to its
growing portfolio.
The grade II Manor Country House
Hotel is a short distance from Oxford
and features 32 individual manor
bedrooms and suites alongside
traditional British dining options. The
property also sits within 12 acres of
grounds, topiary gardens, tennis court
and a seasonal outdoor pool.
Boasting a history dating back to the
13th Century, it features ornate feather
paneling dating back to 1574, grand
fireplaces, and a Victorian façade.
Graham Marskell, managing director
of operations for Bespoke Hotels, said:
“We are extremely pleased to welcome
The Manor Country House Hotel to the
Bespoke portfolio.It’s a truly stunning
property in a fast-growing, vibrant
region of the country.”
Formed in 2000, Bespoke Hotels has
grown to represent over 200 properties
worldwide.
QUOTE OF THE MONTH
“None of this would have been
possible without Edward’s leadership
and stewardship. We are deeply
indebted to him, both as a family and
as a business, for his steadfast loyalty
and dedication to Hastings Hotels
over the past 47 years.”
That’s what Dr Howard Hastings,
managing director of Hastings Hotels,
said after appointing Edward Carson,
its longest-serving employee,
as chairman after 47 years as
financial director
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