M&A activity [big deals/small deals]
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Marylebone Warwick Balfour (MWB) today revealed it has delayed the sale of Malmaison and Hotel du Vin until financial conditions become more stable.
Posted: 20 September 2007 | 11:42
The poor summer season for Britain's seaside resorts has taken its toll on Blackpool as the town winds down for the winter break with 220 hotels and guesthouses, worth a total of £57m, on the market.
Posted: 20 September 2007 | 10:00
By Christopher Walton Smollensky's, the grill restaurant chain famous for its 21-year flagship on London's Strand, has been sold to a private equity...
Posted: 20 September 2007 | 09:00
Leisure giant Whitbread is reportedly poised to agree a deal worth more than £40 million to acquire hotel group Golden Tulip UK.
Posted: 19 September 2007 | 16:16
Hilton Hotels Corporation shareholders have overwhelmingly approved the proposed £10b takeover by private equity firm The Blackstone Group.
Posted: 19 September 2007 | 12:40
The husband-and-wife team who ran the George hotel in Yarmouth on the Isle of Wight have left the Michelin-starred property and taken over the Neptune Inn in Old Hunstanton, Norfolk, Caterer can reveal.
Posted: 13 September 2007 | 13:00
Las Vegas has always had a dark underbelly due to its historic ties with the mob but news that Caesars Palace has settled a sexual harassment lawsuit involving kitchen workers forced to have sex with supervisors or lose their jobs has to be a new low.
Posted: 31 August 2007 | 18:00
Peel Hotels has sold its freehold property, the Avon Gorge hotel in Bristol, together with the associated staff house at Caledonia Place for £15.5m.
Posted: 30 August 2007 | 11:27
Luxury hotel group Von Essen has just completed a deal for its latest acquisition, Amberley Castle, near Arundel in West Sussex, Caterer can reveal.
Posted: 30 August 2007 | 09:00
Menzies Hotels has bought eight Thistles from owner Curzon Hotel Properties for a total of £54m.
Posted: 29 August 2007 | 14:15
Marston’s has splashed out £5.5m on four food-led pubs owned by the Rutland Pub Company in Rutland, Warwickshire and Lincolnshire.
Posted: 29 August 2007 | 10:41
A round-up of the weekend's news affecting the hospitality industry. News includes: One Aldwych overpays kitchen porter by £8,000; Whitbread shareholders in £900m windfall; Edinburgh hotel in final of global quality award and more...
Posted: 28 August 2007 | 10:32
The Paramount Group of Hotels is to be taken over by Spanish hotel group Barceló Hotels & Resorts in a deal that will see current owners Dawnay Shore Hotels (DSH) transform itself into a hotel investment company.
Posted: 24 August 2007 | 16:07
Marylebone Warwick Balfour (MWB) has reportedly received a £685m bid for the Malmaison and Hotel du Vin chain from an Irish bidder.
Posted: 21 August 2007 | 10:10
Punch Taverns has completed the conversion of 650 Spirit managed pubs three months ahead of schedule.
Posted: 20 August 2007 | 07:00
Latin American restaurant chain Las Iguanas has changed hands in a £27m deal that values each unit at more than £2m.
Posted: 14 August 2007 | 11:00
The Eton Collection, owner of five hotels including Threadneedles in the City of London, has been bought by hotel operator JJW Luxury Collection for £70m.
Posted: 14 August 2007 | 09:59
A round-up of the weekend's news affecting the hospitality industry. News includes: Almost half of hospital kitchens are breaking food safety laws; Eton hotels sold to Middle East hotel group; Domino’s Pizza accused of exploiting migrant workers and more...
Posted: 13 August 2007 | 11:30
In the land of the blind the one eyed man is King. So says the old adage and, while that might be over-egging it, the row between Compass – one of hospitality’s leading employers - and People 1st, the sector’s Skills Council, was a humdinger this week with Compass saying it was reviewing its continued support for People 1st and challenging the body to come up with some tangible results and progress.
Posted: 10 August 2007 | 18:00
Royal Bank of Scotland (RBS) has reportedly been forced to postpone the sale of a £1.1b package of Hilton hotels for the second time in two months.
Posted: 09 August 2007 | 14:11
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