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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. The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.”

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Pebblebrook extends 2024 term debt to 2028

Hotel Business

Pebblebrook Hotel Trust has extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. Pricing on all the company’s term loans remained unchanged and is based on a pricing grid of 140 to 245 basis points over the applicable adjusted term SOFR. “We The company paid down approximately $157.6

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Delivering on Delivery: An Implementation Guide

Modern Restaurant Management

This convenience has made the online food delivery market massive, with global revenues of over $1 trillion in 2023 alone. As the huge market keeps growing, expected to hit $1.8 trillion by 2028, restaurants face a big decision. Filters can help users find what they're looking for, along with product descriptions and prices.

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CDLHT expands UK footprint with Hotel Indigo Exeter acquisition

Hotel Owner

The existing leases of the two retail units will continue until 2033 on a fixed rent basis with tenant break options in June 2028 and March 2029 respectively. The estimated total cost of the acquisition is approximately £21.5m, which comprises the purchase price of £19.4m based on its market value as of September 30, 2024.

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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 282-bedroom hotel also features Barnaby’s restaurant and bar. Jacques Morin, group deputy CEO and Premium, Midscale and Economy Division CEO, Accor said: “This has been a transformative year for Mercure.

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Sanctum Apartments comes to market at £30 million

Serviced Apartments

Reading Time: < 1 minute UK: The luxury Sanctum Apartments, located in North-West London, is being marketed at a guide price of £30 million by real estate agency Savills. By 2028, London is also expected to overtake Paris as the largest serviced apartment market in Europe, with a projected 21 per cent increase in supply.

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Raithwaite Sandsend goes up for sale for £12m

Boutique Hotelier

Raithwaite Sandsend has come to the market with an asking price of £12m. The hotel set itself a target to reach net zero carbon by 2028 , a plan which will involve a significant reduction in their carbon emissions, in addition to ongoing offsetting. Knight Frank is marketing the opportunity for offers in excess of £12,000,000.

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