Robert De Niro backs plans for tallest skyscraper outside London March 20, 2025 A company co-founded by Hollywood legend Robert De Niro has signed up to open a hotel, restaurant and residences in a planned skyscraper which would be the tallest building outside London. Nobu Hospitality has partnered with developer Salboy on the £360m scheme in Manchester city centre. The project, known as Viadux 2, has been earmarked [...]
Home Bargains billionaire promises Liverpool its first five-star hotel March 13, 2025 Liverpool could be set for its first five-star hotel if plans for a 60-storey skyscraper are approved for the city, it has emerged. The update, delivered to investors at international property conference MIPIM in the south of France, comes after plans for the development were first revealed last year. KEIE Limited, a subsidiary of TJ [...]
Andy Burnham slammed for Manchester tourist tax plans February 21, 2025 Andy Burnham has been slammed by the chief executive of UKHospitality after backing plans for a new tourist tax to be introduced in Manchester. The mayor of Greater Manchester said earlier this week that tourists visiting the city region should pay a “proper” mandatory “tourist levy”. He added that he wanted to see Manchester city [...]
Holiday Inn owner IHG boosts dividend and buyback amid continued growth February 18, 2025 Holiday Inn owner IHG has announced the purchase of its 20th brand and a boost to shareholder returns as it benefits from the revived travel market. IHG has soared as travel has returned after the pandemic, with early estimates for 2024 suggesting the hotel industry has finally surpassed 2019’s revenue. The Windsor-headquartered company told markets [...]
The Ritz: Losses continue at iconic London hotel February 7, 2025 London’s iconic Ritz hotel has now lost more than £75m since it last turned a profit, it has been revealed. The luxury London hotel has posted a pre-tax loss of £10m for 2023, accounts filed more than five months late with Companies House show. The latest figure comes after The Ritz posted a loss of [...]
‘Prohibitive building costs’ stunting UK growth projects – Deloitte February 4, 2025 “Prohibitive costs” involved in construction projects in major UK cities led to a sharp decline in the number of new developments breaking ground in 2024, according to a new report from Deloitte. Deloitte’s latest Regional Crane Surveys, which covers the central areas of Belfast, Birmingham, Leeds and Manchester, has revealed the number of new starts [...]
OYO: Billionaire’s hotel empire to make £50m UK investment February 3, 2025 OYO, the hotel chain founded by Indian billionaire Ritesh Agarwai, has revealed plans to invest £50m in the UK over the next three years and support 1,000 jobs. The news comes after the group, which first entered the UK market in 2018, announced its ambition towards the end of 2024 to open 40 new hotels [...]
Luxury London hotel sale boosts profit at family empire January 23, 2025 The sale of a luxury hotel in London significantly boosted the profit of a family empire which has set its sights on further expansion across the UK. Apex Hotels, which was founded by Norman Springford, has posted a pre-tax profit of £28.4m for the year to 30 April, 2024, after selling Apex London Wall Hotel [...]
Best London hotels: eat in the room that inspired the Titanic January 4, 2025 Fitz’s Russell Square at the Kimpton Fitzroy London hotel was designed by architect Charles Fitzroy Doll as a prelude to the Titanic Out of the 21 five-star hotels in London (I know, there are far less than you’d think) it’s often the same ones that get the attention. Claridge’s, The Ritz, The Dorchester and The Savoy rightly win [...]
Gary Neville’s hotel makes huge loss after Tom Kerridge closure January 2, 2025 A hotel owned by Gary Neville and Ryan Giggs slumped further into the red after the closure of Tom Kerridge’s restaurant, it has been revealed. The Stock Exchange Hotel in Manchester city centre has also posted falling sales despite the publicity it received after Madonna booked the entire hotel out while she was performing in [...]