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Article: Bass buys Holiday Inn of Holiday Corp. (Bass PLC of Britain)

Article from:
Modern Brewery Age
Article date:
September 4, 1989
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Bass buys Holiday Inn of Holiday Corp

Bass PLC of Britain, brewer of Bass Ale and Guinness products, announced the purchase of the Holiday Inn hotel chain from Holiday Corp. for $2.23 billion or about $84 per share.

The purchase will include nearly 1,400 hotels worldwide, the Holiday Inn trademark, as well as Embassy Suites, Hampton Inn and Homewood Suites hotels.

Sources at Bass reported that the brewing and entertainment company required $1.6 billion in new ...

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