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The Park Hotel in Redcar brought to market for £950k

Hotel Owner

The Park Hotel in Redcar, which is located along the Yorkshire coast, has been brought to the open market at an asking price of £950k. Lee Dexter said: “It has been a wonderful journey since we purchased the hotel back in 2003 and since then we have invested heavily in the building and the business.

Marketing 105
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SiteMinder deepens partnership with Trip.com amid Chinese travel market rebound

SiteMinder

Conversely, at 21 days, the average lead time on those bookings was 62% lower than the global average, reflecting the low price sensitivity among Chinese travellers and their greater propensity to take trips at shorter notice.

Marketing 110
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The Ainscow Hotel sold to new owners for £7.5m

Hotel Owner

The Ainscow Hotel in Manchester has been purchased by an established UK property and leisure investment company off a guide price of £7.5m. The Artisan Property Group then purchased the property in 2003 and later converted the building into a hotel, which opened in 2014 following a major capital expenditure programme.

Pricing 98
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Luxury UK travel site, Offpeakluxury, plugs into STAAH

STAAH

Established in 2003, Offpeakluxury represents more than 200 carefully selected luxury British and Irish hotels and handling tens of thousands of bookings. With STAAH, property owners can provide availability and pricing across a multitude of online booking sites, including Offpeakluxury, from a single, easy-to-use dashboard.

Book 66
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Majority stake in Mandarin Oriental NY sold

Hotel Business

The 244-room Mandarin Oriental, New York, opened in 2003, occupies floors 35 through 54 of the Deutsche Bank Center at Columbus Circle, and features the MO Lounge; more than 9,000 sq. Davis added, “New York led all urban markets in Q1 2023 luxury transaction volume underpinned by strong fundamental performance. has been completed.

Pricing 59
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Solley Hotels sells Balgeddie House Hotel to new owner

Hotel Owner

Fife’s Balgeddie House Hotel has been sold by Solley Hotels to Smar Hotels and Leisure Ltd for an undisclosed price in an off-market deal. The 33-bedroom hotel, which last changed ownership in 2003, features a spa, indoor swimming pool and two function suites.

Pricing 52
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Magnuson Independent Collection reports 10x industry average RevPAR

Hotel Business

Magnuson’s Fair Franchising efforts are translating into higher RevPARs for hotels, as owners are able to renovate according to their plans and market characteristics, choose their own suppliers rather than purchase through franchisors at inflated costs,” he said. I know that the growth of my business is just as important to them.” “Our