• Newsletter August 24: stick or twist
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| | | | | | The Curtain Hotel sold to the Reuben brothers
UK: NYC hotelier Michael Achenbaum has sold The Curtain Hotel in London's Shoreditch to David and Simon Reuben. Read more...
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East London Hotel set for October opening
UK: The East London Hotel, in Bethnal Green, is taking bookings from 10th September ahead of its 1st October official opening.
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Consortium plans multi-million pound renovation of Burgh Island Hotel
UK: An investment consortium led by serviced office provider Office Space in Town (OSiT) has bought the Burgh Island Hotel in Devon.
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Local investors buy Hereford's Green Dragon Hotel
UK: The Green Dragon Hotel in Hereford has been acquired by a consortium of predominantly local investors.
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| | | | Stick or twist?
• The Shoreditch area of London has seen a huge influx of hotel rooms over the last five years, the majority of them in the boutique and lifestyle space. The Curtain, which changed hands this week, was one of the new entrants, alongside The Ace, The Boundary, Nobu, M by MontcalmThe Courthouse, CitizenM and more.
There are still several new hotels to come to the area too, notably from Mama Shelter and Blakes. Inevitably, all this activity has seen this geographically tiny, yet very desirable, area become incredibly competitive.
The sale of The Curtain to multi-sector tycoons the Reuben brothers could confirm the emergence of a trend in the area for owners to sell a couple of years after opening. Starwood Capital held on the The Ace for two years before selling it on for £150 million, and now Michael Achenbaum of the Gansevoort Hotel Group has done something similar.
A subsidiary of Achenbaum's outfit, alongside co-developer Jeffrey Levine, will continue to manage The Curtain however, and it will be interesting to see how it fares in the face of renewed competition.
George Sell, editor, Boutique Hotel News
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| | You've got male
Stephen Marks tells BHN about his mission to improve the hospitality industry's wellness offer for men.
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| You're co-working and co-living. Are you ready to assemble?
Piers Brown gets a taste of The Assemblage, a crowd-funded NYC hospitality concept inspired by a South American hallucinogenic spiritual healing ceremony.
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| | | | | | 2018 BoHo awards highlights
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| | BHN at NYU: Jay Stein, Dream Hotel Group
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| | Interview: Paul Gardiner, Mantis Group
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| BLHS2018 interviews: Neil Salt, Gooee
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| | | | | EDITORIAL
George Sell. Editor,
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| ONLINE SALES, CONFERENCE
AND EXHIBITION
Katie Houghton
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