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Today’s news in brief – 14/5/24

The Grade II listed Cathedral Quarter Hotel in Derby, known for its Victorian charm and boutique luxury, has been acquired by Rashmi Dedigama and Peter Karan of Lavendish Leisure. The property, boasting 38 unique ensuite bedrooms and retaining its historic features, was previously owned by The Finesse Collection. Lavendish Leisure, expanding its UK portfolio, plans to enhance the hotel’s reputation while maintaining its distinctive character. With its prime location in Derby’s commercial district and proximity to key attractions like Derby Cathedral, the hotel is poised for continued success under its new ownership.

The Megaro Hotel in King’s Cross has appointed chef Adam Simmonds as chef patron, effective from June. Simmonds, known for his Michelin-starred culinary expertise, will lead the hotel’s culinary endeavours, including launching a new signature restaurant later in 2024. Initially, he will revamp the hotel’s Italian restaurant, Spagnoletti, with an innovative shared dining concept. His partnership with The Megaro reflects a shared vision for culinary excellence and innovation, promising guests an exciting gastronomic journey.

The HSBC Tower in Canary Wharf, London, could undergo redevelopment into a hotel or serviced apartment block after HSBC vacates in 2027. The Canary Wharf Group (CWG) has explored various proposals for the building, owned by the Qatar Investment Authority (QIA). While no final decision has been reached, the potential redevelopment aligns with CWG’s vision for the area’s growth. Additionally, CWG has secured funding for new serviced apartment buildings, indicating a broader strategy to enhance the area’s hospitality offerings.

Soho House and Co has reported a 3% decrease in Revenue per Available Room (RevPar) despite a 3.1% increase in total revenues for the first quarter of 2024. Membership revenues experienced significant growth, offsetting declines in other revenue streams. Total membership and Soho House members saw steady growth, with the membership waitlist reaching a record high. Despite challenges, CEO Andrew Carnie remains optimistic, citing strong global appeal and improving trends.

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