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Opinion Article Markets & Performance

Hotel Market Beat H1 2024 - UK

Transaction volumes in the UK hotel real estate market have significantly increased in the first half of 2024, reaching levels unseen since H1 2015. According to new data from Cushman & Wakefield, this revival saw around £3.9 billion transacted by hotel investors in the first half of the year. Fuelled by several major private equity portfolio deals, half-yearly investment saw a 210% upswing in activity versus the same period in 2023.

Jack WallsworthArsh Gupta
By Jack Wallsworth and Arsh Gupta
United Kingdom
Development Pipeline

2027 Opening Planned for Radisson RED at Edgbaston Stadium, Birmingham

Radisson Hotel Group is pleased to announce the signing of Radisson RED Birmingham Edgbaston Stadium, located at one of the leading cricket grounds in the UK. The new hotel, set to open in 2027, joins Radisson Hotel Group's rapid growing portfolio in the UK and Ireland, which now includes more than 70 hotels in operation and under development in the region.

Radisson Red
Birmingham, United Kingdom
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Appointment

Donovan Sumner has joined Hotel Co 51 as Regional Director of Operations, UK

Donovan Sumner has rejoined Hotel Co 51 (hotelco51.com) as Regional Director of Operations for the UK, overseeing the operator's regional portfolio of 17 Marriott International-branded hotels, including 15 Moxy hotels.A hospitality professional with 20 years' experience across a wide range of hotels, Donovan will leverage his history of managing Moxy properties across the UK, Italy and Norway. This includes responsibility for opening Moxy Aberdeen Airport - part of the Hotel Co 51 portfolio - in 2016 as the property's captain (General Manager).He returns to Hotel Co 51 from Cycas Hospitality, where he spent two years as Vice President of Operations, and takes over from Wayne Androliakos, following his appointment as CEO in June 2024.

Hotel Co. 51
London, United Kingdom
Development Opening

Their Royal Highnesses The Duke And Duchess Of Edinburgh Celebrate The Grand Opening Of The Peninsula London, Belgravia

London's most spectacular, new luxury hotel The Peninsula London was the setting for a magical Grand Opening Celebration on Tuesday, 18 June. Their Royal Highnesses the Duke and Duchess of Edinburgh joined luminaries from the fields of art, film and entertainment including Sophie Turner, Sabrina Elba, Billie Piper, Lady Helen Taylor, Pixie Geldof and many more. Over 2,500 guests from across the globe took over the hotel for an unforgettable night of entertainment and exceptional hospitality, accompanied by energetic Chinese Lion Dancing, music from the London Philharmonic Orchestra, a roster of nine live bands and renowned DJs, and a courtyard filled with gourmet food trucks and priceless vintage cars.

Peninsula
London, United Kingdom