Watford Colour Run is SOLD OUT! #jervis #bay #motel

#peace hospice watford

#

Watford Colour Run is SOLD OUT!

Friday, 13 May 2016

This year over 1,000 people have signed up to Peace Hospice Care’s Watford Colour Run, which is more than double the amount of people that attended the event last year!

The event, which takes place on the 22nd May 2016 at Aldenham Country Park, is now sold out due to the record number of participants.

Vibe 106.7 FM’s very own Ben Day and his family have signed up to the Watford Colour Run. Ben will be participating in the event in memory of his father who was in the Hospice’s Inpatient Unit in 2007.

Ben said: “Sadly my Dad died from throat cancer and when he needed help, the Hospice were there to provide end of life care in a dignified way and in pleasant surroundings. I cannot thank them enough for the care they provided at an awful time.”

Ben added: “I am proud to be able to represent both the radio station I work with (Vibe 107.6) and Peace Hospice Care.”

Pete Watson, Events and Community Fundraising Manager at Peace Hospice Care said: “We’re happy that Ben could join our Colour Run and we’re delighted to be partnering with Vibe 107.6 FM this year. The Watford Colour Run is guaranteed to be a great day for participants, their families and spectators! Even though the run is sold out, people can still come along and buy packets of powered paint to throw at the runners, so everyone can get involved.”

After the run there will be plenty of other activities to keep everyone entertained. There will be food stalls, live music, rides and lots more; so bring the whole family along! This really is going to be biggest, brightest and most colourful day of the year.

So far Ben has raised 243 to date. If you’d like to sponsor him please visit Ben’s Fundraising Page .





Sold by TUI to Cox – Kings – Manchester Evening News #hotel

#late rooms

#

LateRooms.com sold by TUI to Cox Kings

Manchester-based LateRooms.com has been bought by India’s Cox King’s Group in a deal worth 8.5m.

It has been sold by TUI to Cox Kings, which already owns Cheadle-based Holidaybreak.

Peter Kerkar, director at Cox Kings, said: “We are confident that bringing the LateRooms brand and technology into the fold will provide a significant boost to Cox Kings’ growth trajectory and technology capabilities.

Hugo Kimber, executive chairman of Cox Kings leisure division-EU, said: “The acquisition of LateRooms and access to its online technology platform bolsters the Group’s delivery capabilities across all geographies for the leisure business.

First Choice Holidays bought LateRooms in 2006 and the group later merged with the tourism arm of TUI AG in 2007.

Cox Kings said LateRooms was a profitable business with 54,800 properties globally.

It also has a customer database of 3.5 million and had around 93 million online visits in the financial year ending September 30.

That generated bookings worth 300m and net revenues of 50m.

In the past year, around 57% of traffic to LateRooms.com was driven from smartphones and tablets.





SOLD! Edgecliff Motel – Crystal Investment Property #motels #in #nelson

#edgecliff motel

#

SOLD! Edgecliff Motel

Oceanfront Boutique Motel with Spectacular Views

The Edgecliff Motel is a classic 54-key boutique hotel well situated on Highway 101 in the heart of popular Lincoln City. Two fee simple tax parcels totaling approximately 1.42 acres may offer additional opportunities for expansion.

This lovely property welcomes visitors to a spectacular view 100 feet above the crashing surf and white sandy beaches of the Pacific Ocean. Just a short walk down a quiet residential street brings guests to miles of beaches while the property itself provides guests with sweeping ocean and sunset vistas from most rooms as well as the common area deck.

The seven buildings which comprise the Edgecliff Motel offer a total of 54 guests units, breakfast and meeting rooms, office and reception lobby, resident manager’s living unit, an on-site owner quarters, storage rooms, workshop, and more.

Special Property Features Include:

  • 9.76% Cap on Actuals and 23.02% Cash ROI
  • Seller financing possible for qualified buyers with appropriate down payment
  • Tremendous upside with cost containment and hands-on management
  • First time on the market in 30 years!

Property Details

Status: SOLD
Type: Select Service, Independent
Cap Rate: 9.76%
GRRM:
ROI/Cash Flow: 23.02%
Financing: Seller Terms Possible





Watford Colour Run is SOLD OUT! #palliative #and #hospice #care

#peace hospice watford

#

Watford Colour Run is SOLD OUT!

Friday, 13 May 2016

This year over 1,000 people have signed up to Peace Hospice Care’s Watford Colour Run, which is more than double the amount of people that attended the event last year!

The event, which takes place on the 22nd May 2016 at Aldenham Country Park, is now sold out due to the record number of participants.

Vibe 106.7 FM’s very own Ben Day and his family have signed up to the Watford Colour Run. Ben will be participating in the event in memory of his father who was in the Hospice’s Inpatient Unit in 2007.

Ben said: “Sadly my Dad died from throat cancer and when he needed help, the Hospice were there to provide end of life care in a dignified way and in pleasant surroundings. I cannot thank them enough for the care they provided at an awful time.”

Ben added: “I am proud to be able to represent both the radio station I work with (Vibe 107.6) and Peace Hospice Care.”

Pete Watson, Events and Community Fundraising Manager at Peace Hospice Care said: “We’re happy that Ben could join our Colour Run and we’re delighted to be partnering with Vibe 107.6 FM this year. The Watford Colour Run is guaranteed to be a great day for participants, their families and spectators! Even though the run is sold out, people can still come along and buy packets of powered paint to throw at the runners, so everyone can get involved.”

After the run there will be plenty of other activities to keep everyone entertained. There will be food stalls, live music, rides and lots more; so bring the whole family along! This really is going to be biggest, brightest and most colourful day of the year.

So far Ben has raised 243 to date. If you’d like to sponsor him please visit Ben’s Fundraising Page .





SOLD! Edgecliff Motel – Crystal Investment Property #plaza #hotel

#edgecliff motel

#

SOLD! Edgecliff Motel

Oceanfront Boutique Motel with Spectacular Views

The Edgecliff Motel is a classic 54-key boutique hotel well situated on Highway 101 in the heart of popular Lincoln City. Two fee simple tax parcels totaling approximately 1.42 acres may offer additional opportunities for expansion.

This lovely property welcomes visitors to a spectacular view 100 feet above the crashing surf and white sandy beaches of the Pacific Ocean. Just a short walk down a quiet residential street brings guests to miles of beaches while the property itself provides guests with sweeping ocean and sunset vistas from most rooms as well as the common area deck.

The seven buildings which comprise the Edgecliff Motel offer a total of 54 guests units, breakfast and meeting rooms, office and reception lobby, resident manager’s living unit, an on-site owner quarters, storage rooms, workshop, and more.

Special Property Features Include:

  • 9.76% Cap on Actuals and 23.02% Cash ROI
  • Seller financing possible for qualified buyers with appropriate down payment
  • Tremendous upside with cost containment and hands-on management
  • First time on the market in 30 years!

Property Details

Status: SOLD
Type: Select Service, Independent
Cap Rate: 9.76%
GRRM:
ROI/Cash Flow: 23.02%
Financing: Seller Terms Possible





Motel 6 Chain to Be Sold to Blackstone for $1 #community #care

#6 motel

#

Motel 6 Chain to Be Sold to Blackstone for $1.9 Billion

Blackstone Group LP, the New York-based private-equity firm that manages $48 billion in real estate assets, agreed to buy the Motel 6 lodging chain from Accor SA for $1.9 billion, adding to its hospitality holdings.

The purchase includes 1,102 Motel 6 and Studio 6 extended-stay hotels in North America with more than 107,000 rooms, Paris-based Accor said today in a statement. Accor, Europe’s largest hotel operator, rose the most in six months.

Blackstone, under real estate chief Jonathan Gray, has been acquiring hotels and motels, from lower-priced chains like Motel 6 to high-end properties. The firm, which bought Hilton Worldwide for $20 billion in 2007, is raising a new real estate fund that probably will surpass its current $10 billion pool.

Blackstone plans to invest “significant capital in the company’s properties and to accelerate the expansion of the franchise base,” Gray said in the statement about the Motel 6 acquisition.

The deal is the largest in the U.S. lodging industry since the $3.93 billion acquisition of Extended Stay America Inc. in 2010, in which Blackstone played a role. The chain was bought through a bankruptcy restructuring by a group that also included Centerbridge Capital Partners LLC and Paulson Co. Blackstone purchased U.K.-based Mint Hotels in a $950 million deal announced in September.

Occupancy at U.S. economy hotels rose to 50.6 percent this year through April from 49.7 percent a year earlier. Revenue per available room, a measure of occupancy and rates, climbed 5.9 percent to $25.01, according to Smith Travel Research Inc. in Hendersonville, Tennessee.

Mixed Market

At luxury hotels, occupancy climbed to 72.4 percent from 69.7 percent, while revenue per available room rose 8.9 percent to $198.55.

“The economy segment doesn’t see the same level of upturns when the economy is up and not the same downturns when the economy is in a downward spiral,” said Nikhil Bhalla, a senior lodging analyst at FBR Co. in Arlington, Virginia.

Accor Chief Executive Officer Denis Hennequin is pulling the company out of the low-end of the U.S. lodging market and focusing on the more profitable Sofitel and Novotel hotel brands in North America. The proceeds of the sale will reduce the company’s net debt and lease liabilities by 855 million euros ($1.09 billion) while funding expansion, particularly in Asia.

Accor Surges

“This deal will provide Accor with additional resources to address the tremendous growth potential in the Asia-Pacific region, in Latin America and in Europe,” Hennequin said in the statement.

Accor jumped 5.8 percent, the most since Nov. 3, to 26.03 euros in Paris. Blackstone gained 2.5 percent to $11.99 in New York trading.

Blackstone, created in 1985 by Stephen Schwarzman and Peter G. Peterson, has expanded its operations in real estate, credit investments and hedge funds as traditional corporate buyouts wane. With a total of $190 billion in assets under management, it’s the largest firm of its kind, ahead of competitors including Carlyle Group LP and KKR Co. which have pursued similar diversification strategies.

Accor acquired a controlling stake in the Motel 6 chain in 1990 as part of a debt-fueled international expansion by Paul Dubrule and Gerard Pelisson. The pair founded the company in 1967 with one hotel in Lille, France.

Management Focus

Hennequin is expanding Accor through franchises and management contracts rather than buying more real estate. The company said today it will book a one-time loss of 600 million euros relating to its purchase of fixed-lease hotels.

“This is definitely positive,” Bruno de la Rochebrochard, an analyst at Bryan Garnier, said in a note to investors reiterating his buy rating on Accor’s shares. It will reinforce the “asset light” profile of Accor, where 55 percent of rooms are managed under contract rather than owned, he said.

Accor would have reported earnings before interest and tax equal to 9.2 percent of revenue last year if it didn’t own the U.S. chains, the company said. The reported margin for 2011 was 8.7 percent.

The transaction is scheduled to be completed in October.

Motel 6, founded in 1962 in Santa Barbara, California, take its name from the original cost of a night’s lodging, according to its website. The chain’s tagline is “We’ll leave the light on for you.”

KKR, Colony

Motel 6 also is a familiar name in private-equity circles. The chain was bought in the 1980s by New York-based KKR, which sold it to Accor in 1990. Among Accor’s current shareholders is Los Angeles-based Colony Capital, the private equity real estate fund run by Thomas Barrack.

In the U.S. lodging industry, there were more than 80 acquisitions announced in the past 12 months with an average premium of 60 percent at the announcement, including net debt, according to Bloomberg data. The median deal over the past 10 years paid more than 11 times the target’s earnings before interest, taxes, depreciation and amortization.

Citigroup Inc. Rothschild and Societe Generale SA advised Accor on the sale. Simpson Thacher Barlett was legal counsel to Blackstone.

Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE





Lowry Hotel sold in multi-million pound deal – Manchester Evening News #hotels

#the lowry hotel

#

Lowry Hotel sold in multi-million pound deal

The five-star Lowry Hotel has today been sold in a deal worth tens of millions of pounds.

The luxury venue – frequented by stars of sport and showbusiness – has been bought by Westmont Hospitality Group and its investment partner Mount Kellett Capital Management.

Its management team will be kept on to continue running the luxury hotel and its new owners have promised a programme of refurbishments ‘to further enhance the quality of the offer.’

Over the past few weeks, soccer stars like Frank Lampard. Marcos Rojo, Radamel Falcao, Louis Van Gaal, Daley Blind and Angel di Maria have been photographed coming out of The Lowry.

VIEW GALLERY

Rocco Forte Hotels has managed to find a buyer for the venue, on Chapel Wharf, Salford, having twice placed it on the market.

It was first put up for sale in 2007, with a 50m price tag but was taken off the market in July 2013.

Earlier this year, we told how it was back up for grabs, with the price tag rumoured to be around 40m this time around. The exact sale price has not been disclosed by either party.

The Lowry opened in 2001 and has 158 rooms and seven suites.

Westmont Hospitality Group, formed in 1975, has strategic alliances with many of the world’s leading hotel brands, including Intercontinental, Fairmont, Leading Hotels of the World, Hilton and Marriott with hotels in cities including London, Paris, Barcelona and the Cote d’Azur.

Sir Rocco Forte said: “I am very proud that we created the Lowry as a first-class hotel in 2001 with an outstanding team and, in the process, played a role in the renaissance which Manchester has enjoyed in recent years. I wish the team at the Lowry, its customers, and its new owners the very best for the future.”

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Watford Colour Run is SOLD OUT! #online #hotel #booking

#peace hospice watford

#

Watford Colour Run is SOLD OUT!

Friday, 13 May 2016

This year over 1,000 people have signed up to Peace Hospice Care’s Watford Colour Run, which is more than double the amount of people that attended the event last year!

The event, which takes place on the 22nd May 2016 at Aldenham Country Park, is now sold out due to the record number of participants.

Vibe 106.7 FM’s very own Ben Day and his family have signed up to the Watford Colour Run. Ben will be participating in the event in memory of his father who was in the Hospice’s Inpatient Unit in 2007.

Ben said: “Sadly my Dad died from throat cancer and when he needed help, the Hospice were there to provide end of life care in a dignified way and in pleasant surroundings. I cannot thank them enough for the care they provided at an awful time.”

Ben added: “I am proud to be able to represent both the radio station I work with (Vibe 107.6) and Peace Hospice Care.”

Pete Watson, Events and Community Fundraising Manager at Peace Hospice Care said: “We’re happy that Ben could join our Colour Run and we’re delighted to be partnering with Vibe 107.6 FM this year. The Watford Colour Run is guaranteed to be a great day for participants, their families and spectators! Even though the run is sold out, people can still come along and buy packets of powered paint to throw at the runners, so everyone can get involved.”

After the run there will be plenty of other activities to keep everyone entertained. There will be food stalls, live music, rides and lots more; so bring the whole family along! This really is going to be biggest, brightest and most colourful day of the year.

So far Ben has raised 243 to date. If you’d like to sponsor him please visit Ben’s Fundraising Page .