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OpenRent was founded in 2012 by two University of Oxford graduates, Darius Bradbury and Adam Hyslop, after experiencing the difficulties as both private landlord and tenant in the UK property market. [3] In 2015, OpenRent had the largest number of advertised properties for UK agents, ending the year with more than 2,500 monthly listings. [4]
Sale and rent back is a form of property transaction involving the expeditious sale of an owner occupier's residence to a landlord or property company and renting it back from the new owner. This may be done by the occupier to release equity from the home without them having to move out, but there are risks and disadvantages for the occupier.
In 2013, the company purchased the Millennium Bridge House hotel from American private equity firm The Carlyle Group, for £87.6m. [3] In 2014, the company purchased the Kingsway Hall Hotel for £96m. [4] In February 2015, it was reported that the group had placed two Ramada hotels it owned up for sale for £22m free of any brand tie. [5]
In March 2020, The Guardian reported that Travelodge gave homeless families and key workers only two hours' notice to leave when it shut 360 of its UK hotels in response to the Coronavirus pandemic. Although the government had told hotels to close, this did not apply to those accommodating key workers or homeless people. [26]
Rightmove plc is a British company which runs rightmove.co.uk, the UK's largest online real estate property portal. [3] Rightmove is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index .
London & Regional Properties (L&R) is a private real estate and leisure investment firm based in London, United Kingdom.It is one of the largest privately held principal investors in Europe, [1] performing private equity style investments in direct property and asset-backed operating businesses.
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In 1994, CDL entered the US market, purchasing The Millennium Hilton [5] and the Macklowe Hotel, both in New York. [2] In 1995, CDL Hotels acquired Copthorne Hotels for £219 million. British Caledonian Airways had acquired the Copthorne Hotel at Copthorne, West Sussex, near Gatwick in 1972 and later launched the Copthorne Hotels brand in 1985. [6]