Article: Regal in talks to buy hotel rival

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 ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!