European hotel transactions news - October 11, 2023 : Wednesday, 11th October 2023 : 4Hoteliers 4hoteliers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 4hoteliers.com Daily Mail and Mail on Sunday newspapers.
Warner Leisure acquires two UK country hotels, in the Midlands and near Edinburgh, Whitbread acquires office building in London to convert to hotel-led mixed-use, CapitaLand Ascott Trust divests four Citadines aparthotels in France, Alchemy Step acquires two hotels in Germany and partners with Marriott, DER Touristik acquires Aldiana Club Fuerteventura, Spain, from Alfredo Morales, Limestone Capital acquires the Axel Hotel Madrid from Hotel Investment Partners, Premier Inn acquires the BW Plus Marina Star Hotel Lindau in Germany from ImmoLeen, Indotek acquires Hotel H-Top Royal Beach in Lloret de Mar, Spain, from H Top Hotels, The Ainscow Hotel in Manchester, UK, sold out of Administration, Turenne Capital and BPI France acquire the Hôtel des Roys in Versailles, France, RAD acquires the Seamill Hydro Hotel in Ayrshire, Scotland, from the Sweeney family.
Dunelm shares jump as sales surge after stores re-open
A look at the major movers on the London market on Wednesday
Dunelm Group plc (LON:DNLM) has lifted its full-year forecasts after sales surged once its stores were allowed to re-open on 12 April.
The homewares retailer said it now expected profits to come in at £148mln, above analyst estimates of £128mln to £134mln.
In the first seven weeks of the fourth quarter, which started on 28 March, total sales soared 59% compared with the equivalent period in 2019.
AJ Bell investment director Russ Mould said: “Dunelm joins a growing list of retailers to say that earnings are better than expected. The reopening of shops follow lockdown appears to have gone very well for a lot of retailers thanks to pent-up demand.