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Edinburgh’s four-star Radisson Blu Hotel on the market with price tag of £59m
POSTED 16 Sep 2014 . BY Chris Dodd
Three different properties are on offer, including the Blu in Edinburgh Credit: Radisson Hotels
Edinburgh’s four-star Radisson Blu Hotel has been put up for sale with a price tag of £59m (US$95.8m, €74.1m), with agents CBRE and JLL also seeking to shift properties in Manchester and Glasgow as part of the portfolio on offer.

The Blu can be bought as a single purchase, while the Park Inn by Radisson in Manchester is being offered up at £20m (US$32.4m, €25.1m) and the Quay Leisure Park in Glasgow at £53.3m (US$86.5m, €67m). However, investors are also being offered all three in a job-lot deal for £132.3m (US$214.4m, €165.9m).

The Radisson Blu is home to 238 bedrooms, a restaurant, bar, conference rooms and leisure facilities, while the Park Inn has 252 rooms and features similar hospitality and leisure offerings.

The leisure park in Glasgow contains 13 units and an Ibis hotel on a site measuring just under 16 acres. Some of the key tenants already on-site include Odeon Cinemas, Mecca Bingo, The Original Bowling Company and ALEA Casino.

Being handled by commercial property and real estate advisers CBRE and JLL, the move could be construed as an attempt to cash in on a resurgent market.

The UK sector has seen a number of high-profile changes recently, with the Lowry Hotel in Manchester recently purchased by Westmont Hospitality Group (WHG) and its investment partner Mount Kellett Capital Management for a reported sum of £40m (US$64.9m, €50.2m).

Elsewhere, French hotel group Accor has broken away from the oft-championed asset-light strategy deployed by modern hospitality groups by purchasing 13 properties in the UK, looking to benefit from a booming market heightened by strong tourism figures.
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Two of Britain’s landmark cities are home to some of the world’s costliest hotel stays, according to figures published by Hotels.com.
  French hotel group Accor purchases 13 UK properties


French hotel group Accor has spent €89m (US$117m, £71m) acquiring 13 UK properties as it looks to gain ownership over the hotels it currently leases.
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Jobs    News   Products   Magazine
NEWS
Edinburgh’s four-star Radisson Blu Hotel on the market with price tag of £59m
POSTED 16 Sep 2014 . BY Chris Dodd
Three different properties are on offer, including the Blu in Edinburgh Credit: Radisson Hotels
Edinburgh’s four-star Radisson Blu Hotel has been put up for sale with a price tag of £59m (US$95.8m, €74.1m), with agents CBRE and JLL also seeking to shift properties in Manchester and Glasgow as part of the portfolio on offer.

The Blu can be bought as a single purchase, while the Park Inn by Radisson in Manchester is being offered up at £20m (US$32.4m, €25.1m) and the Quay Leisure Park in Glasgow at £53.3m (US$86.5m, €67m). However, investors are also being offered all three in a job-lot deal for £132.3m (US$214.4m, €165.9m).

The Radisson Blu is home to 238 bedrooms, a restaurant, bar, conference rooms and leisure facilities, while the Park Inn has 252 rooms and features similar hospitality and leisure offerings.

The leisure park in Glasgow contains 13 units and an Ibis hotel on a site measuring just under 16 acres. Some of the key tenants already on-site include Odeon Cinemas, Mecca Bingo, The Original Bowling Company and ALEA Casino.

Being handled by commercial property and real estate advisers CBRE and JLL, the move could be construed as an attempt to cash in on a resurgent market.

The UK sector has seen a number of high-profile changes recently, with the Lowry Hotel in Manchester recently purchased by Westmont Hospitality Group (WHG) and its investment partner Mount Kellett Capital Management for a reported sum of £40m (US$64.9m, €50.2m).

Elsewhere, French hotel group Accor has broken away from the oft-championed asset-light strategy deployed by modern hospitality groups by purchasing 13 properties in the UK, looking to benefit from a booming market heightened by strong tourism figures.
RELATED STORIES
London hotels second dirtiest in world cities list, according to figures from new poll


London’s hotels are among the dirtiest in the world, second only to those found in Rio de Janeiro, Brazil, according to figures published from a poll by Hotel.info.
London ranks as 23rd most expensive city for a hotel stay, according to new figures


Two of Britain’s landmark cities are home to some of the world’s costliest hotel stays, according to figures published by Hotels.com.
French hotel group Accor purchases 13 UK properties


French hotel group Accor has spent €89m (US$117m, £71m) acquiring 13 UK properties as it looks to gain ownership over the hotels it currently leases.
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Les Mills calls on the industry to support UNICEF
Global group exercise specialist, Les Mills, is inviting operators to sign up to its Workout for the World event on 20 June, in support of UNICEF.
HUM2N opens longevity clinic at Six Senses London
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider, HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
Researchers identify a drug which reduces muscle loss when using GLP-1 medications
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