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NEWS
Edinburgh’s four-star Radisson Blu Hotel on the market with price tag of £59m
POSTED 16 Sep 2014 . BY Chris Dodd
Three different properties are on offer, including the Blu in Edinburgh Credit: Radisson Hotels
Edinburgh’s four-star Radisson Blu Hotel has been put up for sale with a price tag of £59m (US$95.8m, €74.1m), with agents CBRE and JLL also seeking to shift properties in Manchester and Glasgow as part of the portfolio on offer.

The Blu can be bought as a single purchase, while the Park Inn by Radisson in Manchester is being offered up at £20m (US$32.4m, €25.1m) and the Quay Leisure Park in Glasgow at £53.3m (US$86.5m, €67m). However, investors are also being offered all three in a job-lot deal for £132.3m (US$214.4m, €165.9m).

The Radisson Blu is home to 238 bedrooms, a restaurant, bar, conference rooms and leisure facilities, while the Park Inn has 252 rooms and features similar hospitality and leisure offerings.

The leisure park in Glasgow contains 13 units and an Ibis hotel on a site measuring just under 16 acres. Some of the key tenants already on-site include Odeon Cinemas, Mecca Bingo, The Original Bowling Company and ALEA Casino.

Being handled by commercial property and real estate advisers CBRE and JLL, the move could be construed as an attempt to cash in on a resurgent market.

The UK sector has seen a number of high-profile changes recently, with the Lowry Hotel in Manchester recently purchased by Westmont Hospitality Group (WHG) and its investment partner Mount Kellett Capital Management for a reported sum of £40m (US$64.9m, €50.2m).

Elsewhere, French hotel group Accor has broken away from the oft-championed asset-light strategy deployed by modern hospitality groups by purchasing 13 properties in the UK, looking to benefit from a booming market heightened by strong tourism figures.
RELATED STORIES
  London hotels second dirtiest in world cities list, according to figures from new poll


London’s hotels are among the dirtiest in the world, second only to those found in Rio de Janeiro, Brazil, according to figures published from a poll by Hotel.info.
  London ranks as 23rd most expensive city for a hotel stay, according to new figures


Two of Britain’s landmark cities are home to some of the world’s costliest hotel stays, according to figures published by Hotels.com.
  French hotel group Accor purchases 13 UK properties


French hotel group Accor has spent €89m (US$117m, £71m) acquiring 13 UK properties as it looks to gain ownership over the hotels it currently leases.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
+ More news   
LATEST JOBS
Director of Operations
Active Luton
Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
Job location: Luton , United Kingdom
+ More jobs  

COMPANY PROFILES
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
 

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DIRECTORY
+ More directory  
DIARY

 

10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
+ More diary  
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NEWS
Edinburgh’s four-star Radisson Blu Hotel on the market with price tag of £59m
POSTED 16 Sep 2014 . BY Chris Dodd
Three different properties are on offer, including the Blu in Edinburgh Credit: Radisson Hotels
Edinburgh’s four-star Radisson Blu Hotel has been put up for sale with a price tag of £59m (US$95.8m, €74.1m), with agents CBRE and JLL also seeking to shift properties in Manchester and Glasgow as part of the portfolio on offer.

The Blu can be bought as a single purchase, while the Park Inn by Radisson in Manchester is being offered up at £20m (US$32.4m, €25.1m) and the Quay Leisure Park in Glasgow at £53.3m (US$86.5m, €67m). However, investors are also being offered all three in a job-lot deal for £132.3m (US$214.4m, €165.9m).

The Radisson Blu is home to 238 bedrooms, a restaurant, bar, conference rooms and leisure facilities, while the Park Inn has 252 rooms and features similar hospitality and leisure offerings.

The leisure park in Glasgow contains 13 units and an Ibis hotel on a site measuring just under 16 acres. Some of the key tenants already on-site include Odeon Cinemas, Mecca Bingo, The Original Bowling Company and ALEA Casino.

Being handled by commercial property and real estate advisers CBRE and JLL, the move could be construed as an attempt to cash in on a resurgent market.

The UK sector has seen a number of high-profile changes recently, with the Lowry Hotel in Manchester recently purchased by Westmont Hospitality Group (WHG) and its investment partner Mount Kellett Capital Management for a reported sum of £40m (US$64.9m, €50.2m).

Elsewhere, French hotel group Accor has broken away from the oft-championed asset-light strategy deployed by modern hospitality groups by purchasing 13 properties in the UK, looking to benefit from a booming market heightened by strong tourism figures.
RELATED STORIES
London hotels second dirtiest in world cities list, according to figures from new poll


London’s hotels are among the dirtiest in the world, second only to those found in Rio de Janeiro, Brazil, according to figures published from a poll by Hotel.info.
London ranks as 23rd most expensive city for a hotel stay, according to new figures


Two of Britain’s landmark cities are home to some of the world’s costliest hotel stays, according to figures published by Hotels.com.
French hotel group Accor purchases 13 UK properties


French hotel group Accor has spent €89m (US$117m, £71m) acquiring 13 UK properties as it looks to gain ownership over the hotels it currently leases.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
+ More news   
 
COMPANY PROFILES
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
Taylor Made Designs

Taylor Made Designs (TMD) has been supplying the Attractions, Holiday Park, Zoos and Theme Park mark [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
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