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Article: Regal in talks to buy hotel rival
- Article from:
- The Independent (London, England)
- Article date:
- January 5, 1999
- Author:
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Copyright informationCopyright 1999 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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REGAL HOTELS, the three-star hotel group that abandoned plans to
go private late last year, yesterday confirmed that it is in talks to
buy privately controlled County Hotels for about pounds 120m.
County Hotels is one of Britain's largest privately held hotel
chains, with a portfolio that includes 25 properties including
Burnham Beeches, the occasional residence of the England football
team. Most of the hotels are in the three-star category and fit well
geographically with Regal's chain.
County Hotels, a pounds 91m management buyout from Queens Moat
Houses in 1997, is controlled by a venture capital consortium led by
Duke Street Capital, the private equity firm which had reportedly
hoped to ...
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