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Britannia Hospitality acquires Stafford Hotel
By Pete Hayman
Daniel Thwaites, the Lancashire-based pub and hotel operator, has completed the sale of the Stafford Hotel in St James' Place, London, to privately-held family group, Britannia Hospitality.
Britannia Hospitality, which is currently owned by the Egypt-based El Sharkawy family, has acquired the hotel through Stafford Hotel Limited (SHL) in a £77.5m deal, including repayment of debts owed by SHL to Thwaites. Thwaites, which operated the Stafford Hotel under the Shire Hotels brand since 1995, announced in June that it was prepared to consider offloading the London property after it received offers from a number of prospective buyers.
Daniel Thwaites, the Lancashire-based pub and hotel operator, has completed the sale of the Stafford Hotel in St James' Place, London, to privately-held family group, Britannia Hospitality.
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