Every week we will be delving into the world of Hotel Property thanks to our friends The Hotel Property Team (THPT). We will be covering 5 recent deals that has taken place over the last 7 days with insights from THPT Managing Partner, Dev Anand.
The Ravenswood in Sussex Acquires 2nd Luxury Venue
Crowcombe Court has now been acquired by Stuart Guy, who owns The Ravenswood, a private events and wedding venue in Sussex. He now plans on building on the current levels of trade and further developing the business.
Guy comments: “We are really happy to add this stunning venue to our portfolio of wedding venues, it truly is a gem!”
Stephen Champion, associate director at Christie & Co, handled the sale and comments: “We are delighted to have brokered the sale of Crowcombe Court on behalf of David and Kate Kenyon. The business unsurprisingly received significant interest from a range of business and residential buyers when launched to the market, receiving multiple offers.”
THPT Comment – Well done to both parties…The Kenyons for building the business over the past eight years and Stuart Guy for building on the success of The Ravenswood.
The Standard London due to Open July 2019
It is the first Standard hotel in the UK, which currently has properties in New York, Miami and Los Angeles.
Located in a converted office block formerly occupied by Camden council, The Standard London will have 266 rooms in 46 styles, ranging from singles and ‘Cosy Core’ doubles to King rooms and terraced suites with outdoor bathtubs overlooking the St Pancras Renaissance Hotel.
All rooms will have down pillows, televisions, Bang and Olufsen bluetooth speakers, robes, bathroom amenities and stocked minibars.
THPT Comment – Good luck to this new entrant to London/UK from USA….The Standard is certainly a bright new thing for London’s King Cross.
Shiva to Open The Guardsman in London
Shiva Hotels is to open a new luxury boutique hotel in London next year, marking the first step in a new direction for the group. It will not be marketed under the Shiva brand, but as an independent property.
The Guardsman is a purpose-built luxury boutique hotel on Buckingham Gate comprising 53 bedrooms and six ‘exclusive’ residences featuring one, two and three bedrooms, living spaces, dining areas and fully fitted kitchens.
The new hotel is said to offer the ‘atmosphere, discretion and personal service usually associated with a private members’ club’ with its restaurant only open to residents and their guests.
THPT Comment – This is a new turn for Shiva, who have been into larger, branded hotels thus far, such as Hilton T5 Heathrow, DoubleTree by Hilton London Excel, Hampton by Hilton London Waterloo.
Developer Piercy & Company Secures Permission for New Boutique Hotel in London’s Hatton Garden
The hotel is said to be the first UK site for a ‘leading European boutique hotelier’ and is scheduled for completion in August 2021.
The design for the site on Vine Hill was developed in close consultation with Camden Council through a series of rendered street views.
The eight storey hotel features a contemporary, but heavily textured, deep facade of folding cast masonry piers, set against a view of the Ragged School’s historic crenelated tower.
There will also be a series of new publicly accessible external courtyards inspired by Clerkenwell’s many tightly knit streets and alleys.
THPT Comment – Enterprising venture for Clerkenwell Lifestyle and their architects relatively new entrants to the hotel scene, albeit well-versed in iconic London architecture.
Aparthotels Adagio Develops in the UK
Aparthotels Adagio, part of Accor. The brand will open several properties on the British market to feed its growth worldwide by 2023.
The British market – a market that is booming according to Karim Malak, CEO of Adagio – is thus naturally an integral part of this growth strategy “Consolidating the growing position of Adagio Aparthotel in the region is a key element in our ambitious global development strategy. In order to reach our goal to quadruple the number of aparthotels by 2023, we hired new local talents.”
THPT Comment – Ambitious growth for this Accor brand, Adagio….although perhaps late in the day compared to their competitors like Hyatt and the non-hotel serviced apartment companies.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between them, they provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
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Main image – richardharriscoaching.com