Businesses have been advised to seek advice if they think their insurance policy should cover the enforced closure caused by the coronavirus outbreak.
The Connaught and the Berkeley owner agrees £340m refinancing deal
Constellation Hotels, owner of the Connaught and the Berkeley hotels in London, has used a £340m, 10-year loan to refinance an existing facility against the two properties.
Shearings owner ‘exploring options to weather Covid storm’
Shearings owner Specialist Leisure Group has confirmed it is in discussions with stakeholders, advisors and the government, following reports that it is seeking a buyer to survive the coronavirus crisis.
Jestic to distribute Metro storage
Jestic Foodservice Solutions has signed a deal to become a master distributor of commercial storage and shelving solutions supplier Metro in the UK.
CPL Learning launches Cellar to Glass digital learning programme
Training provider CPL Learning has launched its brand-new Cellar to Glass digital learning programme developed with beer sommelier Annabel Smith.
Europe Hotel Transactions Bulletin – Week Ending 24 April 2020
Dalata sells Clayton Hotel Charlemont, Dublin to Deka German real estate fund Deka Immobilien is acquiring the 187-room Clayton Hotel Charlemont in Dublin, Ireland from owner operator Dalata for €65 million (€348,000 per room). The property, develop…
COVID-19 forced Airbnb to rethink its product offerings; here’s some of what it came up with
The coronavirus has decimated the travel industry, and Airbnb, the home rental company that appeared unstoppable not so long ago, has not been spared. While the headlines have focused on the measures it’s taking to stockpile cash to offset its losse…
Loungers raises £8.3m through share placing
Loungers, which operates 167 Lounge and Cosy Club sites, has raised approximately £8.3m through a share placing yesterday.
‘Too many’ local authorities not paying grants to pubs ‘quickly enough’
New research by the British Beer & Pub Association (BBPA) has revealed that there are many parts of the country where pub businesses are yet to receive grant funding from local authorities to help them survive the Covid-19 lockdown.
CMA gives £6.2b Just Eat and Takeaway.com merger the green light
The Competition and Markets Authority (CMA) has cleared the £6.2b merger between food delivery companies Just Eat and Takeaway.com.