Entries by mercury8

Nine Group Founder Vivek Chadha Wins Ernst & Young Entrepreneur of the Year Award 2017

Simon Rogerson, Group Chief Executive, and Christopher Hulatt, Founder of London-based Octopus Capital, were named ‘EY London & South Entrepreneur Of The Year 2017 overall winner’ at an awards ceremony at BAFTA in the capital last night. Whilst still on a graduate training programme 17 years ago, Simon and Christopher (aged 25 and 23 respectively) set up Octopus Capital with, in their words, ‘no money and no experience.’ They raised funds for the company when … Read more

Nine Group Purchases Hilton Basingstoke

All properties, with the exception of Swindon (pictured, right), have been purchased by buyers clear of the current Hilton branding and management.They were: Basingstoke, 141 rooms; Bromsgrove, 146 rooms; Dunkeld (pictured, above), 98 rooms; Newbury, 109 rooms; Newport, 148 rooms; and Swindon, 171 rooms. Christie & Co advised the private vendors in each case. Jeremy Jones, head of hotels brokerage at Christie & Co commented: “We are delighted to bring this successful campaign to an … Read more

Trafford Park hotel in Manchester to be given new lease of life

The Trafford Park hotel in Manchester is to be refurbished and relaunched under a mid-market international boutique brand after being derelict for eight years. Built in 1902, the Grade II-listed property was sold at auction earlier this year for nearly £900,000, three times the guide price of £300,000, and is now owned as a joint venture between Nine Group and Ashley Hotels. Nine Group is the owner and operator of 18 branded hotels in the … Read more

Up to 60 jobs created in Horley after hotel is bought following fall into administration

Positioned to act as a community hub for businesses and Horley residents alike, the hotel is set to be extensively renovated after being closed for four years, with a multi-million pound investment bringing it up to a 4 star rating with an international hotel brand. Headed up by Vivek Chadha – who was recently announced as the winner of Entrepreneur of the Year for the London and South region in Ernst & Young 2017 Entrepreneur … Read more

NINE GROUP SNAPS UP READING HOTEL

JLL Hotels & Hospitality Group has advised on the sale of the Best Western Plus Reading Moat House, securing an undisclosed sum off a guide price in excess of £12.5m. The 129 bedroom property occupies 9.5 acres and is a Grade II listed 19th Century former mill house which was converted in the 1980s. Set overlooking the River Loddon, the property has five meeting rooms, a 120 cover restaurant, a 60 seat bar and adjoining … Read more

Nine Group buys St Albans Noke hotel for £9m

Hotel firm Nine Group has bought the 110-bedroom Noke hotel in St Albans, Hertfordshire, for £9m. The company, which now owns 13 hotels under various brands throughout the country, will continue to operate the Noke under the Mercure brand for the time being. In addition to the hotel, it bought a 10-acre plot of land behind it and plans to spend £10m refurbishing the entire hotel and adding an additional 90 beds. The Grade II-listed … Read more

Nine Group purchases Dragon Hotel

Specialist property advisor Christie & Co is delighted to announce the completed sale of the Dragon Hotel, Swansea. London & Devonshire Trust Limited acquired the business in 2004 via Christie & Co who have now sold the business again to Nine Hospitality Investments Limited.  The parent company is S & J Group Limited, a hotel investment fund headed by Vivek Chadha who won the prestigious Young Entrepreneur of the Year Award in 2014. Located on … Read more

Nine Group Purchases Holiday Inn Luton

Property adviser Christie & Co has completed the sale of a 140-bedroom hotel in the Hertfordshire village of Markyate. The Holiday Inn-Luton South hotel has been acquired by growing hotel operator Vivek Chadha from Nine Hospitality. His plan is to invest “substantial sums” in the property, retaining the Holiday Inn branding. Chadha said: “We are delighted to acquire this highly strategic hotel to add to our growing portfolio and look forward to investing and driving … Read more

Director of Nine Group Vivek Chadha speaks at Hotel Conference

Vivek Chadha is a franchisee, operator, owner and developer of multiple hotels in the UK. He has acquired 8 hotels in less than two years from fixed charge receivers. He currently franchises mainly with IHG and Accor. He is currently developing a 300-bedroom Hotel at London Heathrow. Link:http://henrystewartconferences.com/FinanceForHotelInvestment2015/_2082/speaker-vivek_chadha-5349/