A hotel property company – to be called Vector – comprising 60 to 80 hotel properties worth around £2.5bn is reportedly set to float on the London Stock Exchange.
According to The Times, Richard Balfour-Lynn, chair of Marylebone Warwick Balfour, and David Michels, former CEO of Hilton Group, have joined forces with the Royal Bank of Scotland and HBOS to offer a considerable stake in an initial public offering (IPO).
The IPO is thought to include most of the De Vere, Hilton and Marriott portfolios, and may also feature the Malmaison and Hotel du Vin chains.
The company will then likely convert into a real estate investment trust (REIT) – a property firm which pays no income tax if the majority is distributed to shareholders as dividends.
REITs are already established in the US, Australia and France, but were only approved in the UK earlier this year.
Photograph: Hotel du Vin property, One Devonshire Gardens
A hotel property company – to be called Vector – comprising 60 to 80 hotel properties worth around £2.5bn is reportedly set to float on the London Stock Exchange.
Life Fitness has reimagined cardio with the launch of its Symbio line which has been
designed with advanced biomechanics and offers deep levels of customisation
Weight loss drugs are altering consumer behaviour, disrupting sectors from food retailing (smaller portions) to apparel (less fabric needed). We need to move fast to align with this new reality
Indoor bikes may remain stationary, but the discipline is in constant motion.
Innovators tell Steph Eaves how they’re keeping pace with the latest trends
As the UK healthcare sector struggles with ever-increasing demand, health club operators are stepping in and offering members welcome medical support. Kath Hudson reports
Altrafit has taken further steps to cement its reputation as a provider of high-quality,
affordable functional fitness equipment that is built to last with the development and
introduction of a new functional fitness keg for luxury gym operator, Third Space.
In today's rapidly evolving fitness industry, where many online courses promise secret
formulas for entrepreneurial success, the reality is that few provide the necessary
knowledge to thrive in this fast-changing profession.
In a significant milestone, ServiceSport UK proudly announces that we have been awarded the
prestigious Ministry of Justice contract for the inspection, service, and maintenance of PE
equipment across 106 public prisons in England and Wales.
This month sees the official opening of a brand new, £9 million Health Hub in Nottinghamshire.
Based on Sport England’s Leisure Local model, the new community provision delivers a host of
leisure facilities designed to bring new active living opportunities to the whole community.
A hotel property company – to be called Vector – comprising 60 to 80 hotel properties worth around £2.5bn is reportedly set to float on the London Stock Exchange.
According to The Times, Richard Balfour-Lynn, chair of Marylebone Warwick Balfour, and David Michels, former CEO of Hilton Group, have joined forces with the Royal Bank of Scotland and HBOS to offer a considerable stake in an initial public offering (IPO).
The IPO is thought to include most of the De Vere, Hilton and Marriott portfolios, and may also feature the Malmaison and Hotel du Vin chains.
The company will then likely convert into a real estate investment trust (REIT) – a property firm which pays no income tax if the majority is distributed to shareholders as dividends.
REITs are already established in the US, Australia and France, but were only approved in the UK earlier this year.
Photograph: Hotel du Vin property, One Devonshire Gardens
A hotel property company – to be called Vector – comprising 60 to 80 hotel properties worth around £2.5bn is reportedly set to float on the London Stock Exchange.
Life Fitness has reimagined cardio with the launch of its Symbio line which has been
designed with advanced biomechanics and offers deep levels of customisation
Weight loss drugs are altering consumer behaviour, disrupting sectors from food retailing (smaller portions) to apparel (less fabric needed). We need to move fast to align with this new reality
Indoor bikes may remain stationary, but the discipline is in constant motion.
Innovators tell Steph Eaves how they’re keeping pace with the latest trends
As the UK healthcare sector struggles with ever-increasing demand, health club operators are stepping in and offering members welcome medical support. Kath Hudson reports
The Maybourne Group has unveiled its all-new London
hotel The Emory. Megan Whitby goes behind the scenes
at Surrenne, its cutting-edge health and wellness club
Disappointment about being
passed over for promotion
gave Neil Randall, the resilience
he needed to climb the ranks.
He talks to Kath Hudson about
the challenges he faced early
in his career and the skills
he learned from them
When retailer, the €11 billion-a-year Colruyt Group, decided to get into the health club market, the plan was to fully integrate its entire business using customer insight data. The results are remarkable
Altrafit has taken further steps to cement its reputation as a provider of high-quality,
affordable functional fitness equipment that is built to last with the development and
introduction of a new functional fitness keg for luxury gym operator, Third Space.
In today's rapidly evolving fitness industry, where many online courses promise secret
formulas for entrepreneurial success, the reality is that few provide the necessary
knowledge to thrive in this fast-changing profession.
In a significant milestone, ServiceSport UK proudly announces that we have been awarded the
prestigious Ministry of Justice contract for the inspection, service, and maintenance of PE
equipment across 106 public prisons in England and Wales.
This month sees the official opening of a brand new, £9 million Health Hub in Nottinghamshire.
Based on Sport England’s Leisure Local model, the new community provision delivers a host of
leisure facilities designed to bring new active living opportunities to the whole community.