Safestay has reported Final Results for the Period to 31 December 2014. Having successful listed on AIM on 2 May 2014, raising £4.8m and simultaneously acquiring its Elephant & Castle hostel. Fiona Cincotta, senior market analyst at finspreads.com, commented on the positive results and the promising future for the company: “Safestay, the boutique hostel group, … [Read more...]
Search Results for: hotel acquisition
Marston acquires Daniel Thwaites’ beer business
Marston's PLC has reached agreement with Daniel Thwaites plc to acquire the trading operations of Thwaites' beer division. The acquisition includes two leading, premium brands: Wainwright and Lancaster Bomber ales. The total cash consideration is £25.1 million excluding working capital. In the 12 months to December 2014 EBITDA is estimated to have been around £7 million before … [Read more...]
HoistLocatel to acquire Swisscom Hospitality Services
Sweden-based HoistLocatel has announced its intention to acquire Swisscom Hospitality Services to create the European powerhouse in the provision of technology solutions to the Hospitality and Healthcare industries. The resulting company, Hoist Group, is set to become the European leader for convergent IP solutions in these sectors with a strong North American … [Read more...]
From Tragus to Casual Dining Group: profits and plans
Casual Dining Group is the new name for the group behind household restaurant brands Bella Italia and Café Rouge. The new company name reflects the transformation from what was Tragus Group to a focused, highly capitalised and growing restaurant business. The announcement of Casual Dining Group’s new identity coincides with the posting of the last set of full-year accounts … [Read more...]
Redefine|BDL launches deals online
Redefine|BDL Hotels, the UK’s largest independent hotel management company, has launched an online portal offering customers direct access to deals across its extensive portfolio. Its new customer website, GreatHotelOffers.co.uk, features deals and promotions at a range of properties across the UK and Northern Ireland including Best Western, Aloft, Crowne Plaza and … [Read more...]