Hotels

Scottish hotel occupancy and gross operating profits ticked up in March, according to RSM UK’s Hotel Tracker. However, firm warns that, while larger chains and luxury city hotels remain buoyant, some smaller, more rural hotels are known to be struggling, and could be further impacted by disrup

The Scottish hotels sector proved resilient in February, with both occupancy and gross operating profits rising slightly year-on-year and bucking the trend of the wider UK market, according to the RSM Hotels Tracker.

Moment Stays, part of Malyon Group, a boutique hospitality and property business, is targeting UK-wide expansion after securing £2 million in guest revenue since opening just over a year ago.  The high-quality aparthotel provider, which currently operates a portfolio of properties in Edin

Gross operating profits, occupancy and room rates of Scottish hotels rose in January, but there’s uncertainty ahead for the industry amid ongoing tensions in the Middle East, according to RSM UK. The data, which is compiled and produced by Hotstats and analysed by RSM UK, showed that while gro

Scotland’s luxury hotel market saw healthy increases in room rates and profits last year, despite continuing headwinds, RSM Hotels Tracker: Focus on Asset Classes has revealed. This contrasted with the wider UK picture, which showed little profit increase, despite rising room rates.

Epsicap REIM has acquired an Inverness hotel for Epsicap Nano, its small-cap focused SCPI, in a deal worth £4.1 million. This acquisition marks an important step in the SCPI's diversification strategy and constitutes its first hotel asset.

Hotel Colessio in Stirling has reported an almost two-fold increase in profits just eight months after bringing in Artemis Hotels Management. Recognising the need for a refreshed direction and stronger operational leadership, the hotel’s owners appointed Artemis Hotels to steer the property in

Plans have emerged for a major new hotel development at one of Glasgow’s most prominent city‑centre locations. A proposal is being marketed that could deliver around 170 bedrooms on a landmark site at the junction of Argyle Street and Jamaica Street – described as one of the city&rsquo

The Scottish hotel sector maintained steady occupancy levels in November, yet rising operational pressures meant that modest revenue growth failed to reach the bottom line, leading to a dip in year-on-year profitability, according to the RSM Hotels Tracker.

The Udny Arms Hotel, a historic boutique hotel in Newburgh, Aberdeenshire, that dates back to 1865, has been placed into administration by its directors in an effort to safeguard up to 40 full and part-time jobs. Kevin Mapstone of Begbies Traynor was appointed as administrator of the Udny Arms Hotel

According to the RSM Hotels Tracker, the Scottish hotel sector recorded substantial year-on-year growth in both occupancy and revenue per available room (RevPAR) in October, successfully converting higher revenue into greater profit, despite rising operational costs. The data, which is compiled and

Apex Hotels Group has formally rebranded as Apex Hospitality Group (AHG), signalling a strategic evolution in the organisation’s structure and leadership as it expands across both urban and rural hospitality markets. The family-owned business, founded in 1996, now operates under a new group st

Whitbread PLC, the owner of the Premier Inn hotel chain, has received confirmation from the City of Edinburgh Council that it has granted planning permission for the conversion of Capital House into a 195-bedroom Premier Inn.  Whitbread will invest £21 million in the conversion and rear e

Maven Capital Partners has sold ibis Styles Glasgow Centre George Square to an undisclosed international hotel group, for a total consideration of approximately £7.5 million.

The Ship Inn, a traditional hostelry with eleven letting bedrooms which sits on Stonehaven harbourside, has been sold for an undisclosed sum by its long-term proprietor, Simon Cruickshank who is now set to enjoy a well-earned retirement. And remarkably, its new owner, is another Simon Cruickshank, n