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Leonardo Hotel Newcastle brought to market for £31.8m

Hotel Owner

The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m this year, rising to 9.86% in 2028, and 11.05% in 2033. being sought. The 274-bedroom, upper-midscale hotel is let to Leonardo Hotel Management (UK) Limited for the next 14.4 compared to 73.2%

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Slow Tourism: A New Era in Guest Experiences

Hotelogix

Slow tourism emphasizes mindfulness—being present in the moment. trillion (inflation-adjusted) by 2028. This growth presents a significant opportunity for hoteliers to tap into the slow tourism market and create unique, memorable experiences for their guests. Travel Winter 2025 Forecast projects that total U.S.

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Accor reaches 1,000 Mercure hotels milestone

Hotel Owner

With the largest development pipeline in Accor’s portfolio, Mercure has more than 200 additional hotels set to open by 2028. The achievement of more than 1,000 destinations cements the brand’s position as one of the world’s leading portfolios of midscale hotels, present in almost every corner of the globe.

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2024 global business travel spend expected to hit record $1.48T

Hotel Business

Additionally, by 2028, it is projected to exceed $2 trillion, highlighting a robust path ahead for the business travel sector in terms of spending. Many top business travel markets around the world have returned to or are nearing pre-pandemic levels, reinforcing the momentum of the recovery and boosting spending.

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Integrated Marketplaces Bridge The Technology Gap In The Restaurant Ecosystem

The Restaurant Times

Technology presents unique solutions for restaurants to differentiate themselves and for owners to run their businesses more efficiently. According to a report by Grand View Research , the global restaurant point-of-sale terminal market size is expected to reach US$25.95 billion by 2028. percent between 2021 to 2028.

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Today’s news in brief – 27/2/24

Hotel Owner

With additional potential for development, including plans for spa facilities or additional guest rooms, the property presents an enticing investment opportunity. Savills handled the sale, highlighting the property’s unique appeal and strong return potential in the luxury hospitality market.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

The tax is introduced alongside a green incentive to motivate project teams to implement sustainability efforts exceeding market standards and secure above average sustainability certifications. In the living sector, rising interest rates equate to higher mortgage costs, which mean bigger potential markets for BTR and coliving.