This category only includes cookies that ensures basic functionalities and security features of the website. Subscribe from just 99p per week.Start the working day with The Caterer’s free breakfast briefing emailYou have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!How hospitality is coming together to help workers manage their mental health when returning to workThe Caterer releases a digital version of the magazine every Wednesday morning. Personalise your homepage and recommended articles This website makes use of Cookies to enhance your browsing experience and provide you with additional functionality. Platinum Travel Recruitment:
But opting out of some of these cookies may have an effect on your browsing experience.This website uses cookies to improve your experience. We are on the hunt for an experienced Lead Engineer /...Competitive: This is a fantastic opportunity to join Award Winning Ionian...The highest official awards for UK businesses since being established by royal warrant in 1965. Jacobs Media Group Limited is a company registered in England and Wales, company number 08713328. Grange hotels sold to Queensgate in £1b deal 15 March 2019 by Katherine Price Four London hotels are set to be rebranded as Leonardo properties following their sale from Grange Hotels to Queensgate Investments in a deal understood to be around £1b. Looking to work in the comfort of your...£35K-£45K + excellent comm + benefits OTE £150K ++ NEG, DOE:
Platinum Travel Recruitment: The owners of luxury hotel firm The Grange have struck a deal to sell the company’s four prize London assets for close to £1bn. Queensgate secured a fully underwritten debt facility from Société Générale, The Carlyle Group and Cheyne Capital Management for the transaction. Start your own business using our unique technology and knowledge.£23,000 p.a. A FAMILY of Asian hoteliers has sold four of their luxury hotels in central London for £1 billion last week. Ionian Weddings: We'll assume you're ok with this, but you can opt-out if you wish. The Lotus Group: Make sure you're logged in and subscribed to view each edition.Generous commission + benefits + FAM trips: The 307-bedroom Grange City, 201-bedroom Grange Holborn, 460-bedroom Grange St Paul's and 370-bedroom Grange Tower Bridge hotels have been acquired by Queensgate, which owns Generator Hostels and the Holiday Inn London Kensington Forum.The Israeli-based Fattal Hotel Group has acquired the long-term lease on all four hotels, marking its first entry into the central London market. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. In one of the UK’s largest hotel deals, the Matharu brothers sold their properties – located at St Paul’s, Grange Tower Bridge, Grange City, and Grange Holborn – to Queensgate Investments. Photo credit: Grange Hotels Queensgate Investments has completed the acquisition of the Grange St Paul's, Grange Tower Bridge, Grange City and Grange Holborn for an estimated £1 billion. These cookies do not store any personal information.This website uses cookies to improve your experience while you navigate through the website. 3rd Floor, 52 Grosvenor Gardens, London SW1W 0AU.We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site.
These cookies will be stored in your browser only with your consent. Queensgate Investments has entered exclusive talks to buy the hotels, which have a total of 1,317 bedrooms. You also have the option to opt-out of these cookies. The hotels will be operated by Jurys Inn & Leonardo Hotels UK and Ireland, Fattal's European arm.You need to be a premium member to view this. © 2020 All rights reserved. plus monthly commission : Grange Hotels has sold four of its high-end hotels: Grange St Paul’s, Grange Tower Bridge, Grange City, and Grange Holborn, representing a total of 1,345 rooms in the capital in one of the largest UK hotel deals on record. Platinum Travel Recruitment: They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis. The fact that it was achieved against a backdrop of huge political turmoil is a testament to the professionalism and resilience of all the parties involved but also shows the belief the international market still has in London as a key global investment destination.”To view current and back copies of the digital edition please click on the magazine cover aboveCopyright © 2018 Promedia Publishing Ltd All Rights Reserved.Necessary cookies are absolutely essential for the website to function properly.
Grange Hotels has sold four of its high-end hotels: Grange St Paul’s, Grange Tower Bridge, Grange City, and Grange Holborn, representing a total of 1,345 rooms in the capital in one of the largest UK hotel deals on record.Queensgate Investments, which owns Generator Hostels and the Holiday Inn London Kensington Forum, has an agreement with Fattal Hotel Group to manage the newly-secured assets.It is reported that they will be rebranded to Leonardo Hotels and Jury Inn, operated by Fattal’s European arm.Grange Hotels has owned the four-star hotels for the last 20 years and following the sale will own and operate 13 hotels in central London. The BCLP team advising Grange Hotels was led by Chris de Pury, partner and head of real estate, and Adam Bogdanor, a partner in the corporate team.Commenting on the successful deal, Chris de Pury, BCLP’s head of real estate, said: “We have been advising on the restructuring of the portfolio for some time and the sale of the four hotels is the next significant milestone for Grange Hotels.
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