After the recent announcements on restaurant floats and takeovers, it’s now the turn of hotels, catering and pubs, including the sale reported today of Amber Taverns. Mitchells & Butlers/Orchid Pub Company M&B is apparently nearing the acquisition of Orchid, having outbid competitors and entered exclusive talks to buy 180 of Orchid’s 220 pubs at a price suggested … [Read more...]
Investec Food & Drink Entrepreneur of the Year announced
The search is now on for Britain’s first-ever Investec Food & Drink Entrepreneur of the Year 2014, seeking top food and drink entrepreneurs from the nation whose food is now the envy of the world. The Awards are partnered by Business is GREAT/The GREAT Britain Campaign which showcases the very best of what Britain has to offer. Small or large, producer or … [Read more...]
Amber Taverns sold to MxP Partners for £80 million
Legal & General Capital (“LGC”) has sold Amber Taverns, the operator of 95 community pubs in the North of England, to funds managed by MxP Partners LLP and their associates. MxP Partners, a founding shareholder of the business, has backed the existing management team, led by Clive Preston, James Baer and Bryan Wardman, valuing the Company in a transaction worth … [Read more...]
Everyone’s a winner with Great Hotels of the World
Great Hotels of the World, the London-based hotel sales and marketing alliance, has announced a year-long prize draw for its Meetings, Incentives, Conferences and Events (MICE) clients. Over the next year, Great Hotels of the World will be offering the chance to win four breaks. Each will be for two people including flights, transfers, a meal and a three-night stay in some … [Read more...]
Travelodge opens in Chertsey
Travelodge has opened its first hotel in Chertsey. The new 73-room hotel represents a £6 million investment, bringing the Company’s portfolio to 17 hotels in Surrey and 514 in total. This opening also marks the first branded value hotel opening in Chertsey and has created 13 new jobs within the community. Chertsey Travelodge is centrally located on Guildford Street and is … [Read more...]