Luxury Hotels Worldwide

Archive for April, 2011

Luxury Hotel Chain Von Essen falls into administration

Friday, April 22nd, 2011

Luxury hotel chain Von Essen Hotels, which owns the iconic setting for the 1960′s Profumo affair, Cliveden hasgone into administration with debts of more than £250m.

Administrators Ernst & Young are reported to have been appointed by Barclays and Lloyds Banking Group after the five-star hotel group breached a covenant governing the minimum level of underlying earnings and failed to make an interest payment on its debt.

Only the Von Essen Hotels holding company is in administration. The 28 hotels in the group, including Cliveden in Berkshire, the Royal Crescent in Bath and Amberley Castle in West Sussex will continue to trade as normal.
For some time owner, founder and chairman Andrew Davis had been attempting to secure investment to fund his expansion plans and cut the group’s debts.

In its last published accounts, Von Essen posted a loss of £3.2m after £14m-worth of interest payments wiped out profits in 2009.

In the director’s notes, Davis said the group had “invested heavily in its assets” which had ensured “continuous improvement of the portfolio”.

Tim Smith, director of hotel consultancy HVS London, said the group had long been the subject of speculation due to the number of hotels acquired in a relatively short space of time and the reported prices paid.
“Each of the group’s 28 hotels is an individual gem in its own right and it is always questionable whether such hotels, especially ones as small as Von Essen’s, can produce enough net income to support the infrastructure of a group. There is little in the way of economies of scale to be factored into their operations,” he added.
“It is unlikely that there would be a single buyer in the offing for the entire collection, and it is equally unlikely that such a buyer would be willing to pay a premium for a significant number of hotels in this category.

“The more likely scenario is that the group will be split with interest and demand for the core assets as a smaller portfolio with others sold individually. The problem will be finding investors prepared to satisfy the requirements of the National Trust for properties such as Cliveden.”

Daily Dream – Burj Al Arab

Thursday, April 21st, 2011

Burj Al Arab

Dubai, United Arab Emirates

Luxury Hotels Dubai

Top 5 Best Luxury Hotels in Verona

Tuesday, April 19th, 2011

Below is the Drake & Cavendish Top 5 luxury hotels in Verona. (Updated 19 April 2011)

Drake & Cavendish show full contact details for all of the luxury hotels in Verona that we feature. Contact any of the luxury hotels in Verona for their best prices and special offers.

In addition to the top 5 best hotels in Verona that we’ve featured below, you can also see a complete list of the luxury hotels in Verona at this link: http://www.drakeandcavendish.com/luxury-hotels/europe/italy-italia/italian-mainland/luxury-hotels-verona/

1

B4 Leon d’Oro

VeronaItaly

The B4 Verona Leon d’Oro hotel takes its rightful place in the long tradition hospitality of Verona. In the city that welcomed Goethe, Stendhal, Valery and Heine, the B4 Verona Leon d’Oro luxury Hotel is your touchstone for discovering centuries of history and art, world-class theatrical productions and an exquisite gastronomic experience.

64% of TripAdvisor reviewers recommend this hotel


2

Sogno di Giulietta

VeronaItaly

A worthy work of restoration has returned to the City of sweethearts the pure charm of the most famous love story in the world. Opposite Juliet’s balcony, in the courtyard of her house, there isn’t a hotel,  but an historical house destined to welcome the most romantic couples and to envelope them in a night of dreams.

90% of TripAdvisor reviewers recommend this hotel


3

Hotel Gabbia d’Oro

VeronaItaly

The hotel Gabbia d’Oro enjoys an excellent location in the heart of Verona, very close to the major sites and attractions of this wonderful city, rich in history, culture and art. This charming Verona hotel is an ideal base for both leisure and business travellers seeking a central location and high-standard service.

92% of TripAdvisor reviewers recommend this hotel


4

Due Torri Hotel

VeronaItaly

The Due Torri Hotel, luxury hotel situated in the historic centre of Verona, is near the church of Saint Anastasia, just a stone’s throw from Juliet’s famous balcony, Piazza Bra and the Arena, known throughout the world.

59% of TripAdvisor reviewers recommend this hotel


5

Hotel Villa Del Quar

VeronaItaly

5km from Verona, between sweet, rolling hills and the vineyards of Valpolicella lies Villa del Quar, an elegant patricians residence and national monument. It was build throughout different ages, from Roman age to Renaissance.

68% of TripAdvisor reviewers recommend this hotel


Daily Dream – The Ritz-Carlton Grand Cayman

Tuesday, April 19th, 2011

 

The Ritz-Carlton Grand Cayman

Grand Cayman, Cayman Islands

Luxury Hotels Cayman Islands

Daily Dream – La Residence D’Angkor

Tuesday, April 19th, 2011

La Residence D’Angkor

Siem Reap, Cambodia

Luxury Hotels Siem Reap

Drake & Cavendish Luxury Hotel Guide

Daily Dream – Le Torri di Bagnara – medieval historic resort

Saturday, April 16th, 2011

Le Torri di Bagnara – medieval historic resort

Perugia, Italy

Luxury Hotels Perugia

Daily Dream – Ca’ Sagredo Hotel

Wednesday, April 13th, 2011

Ca’ Sagredo Hotel

Venice, Italy

Luxury Hotels Venice

Daily Dream – Kipungani Explorer

Sunday, April 10th, 2011

Kipungani Explorer

Lamu Island, Kenya

Luxury Hotels Lamu Island

Daily Dream – Four Seasons Bali At Sayan

Saturday, April 9th, 2011

Four Seasons Bali At Sayan

Bali, Indonesia

Luxury Hotels Bali

Daily Dream – The Point Resort

Friday, April 8th, 2011

The Point Resort

Saranac Lake, New York, USA

Luxury Hotels New York