Lothian-based Macdonald Hotels is reportedly due to receive more than £400m for the 23 hotels it put up for auction in July.
According to The Times, the deal is worth at least £100m more to the hotel group than was previously estimated.
The company is understood to have a shortlist of four parties, including Dawnay Shore Hotels and property investment companies Moorfield and Prestbury.
Although the group also reportedly indicated that it would only consider sale-and-leaseback deals for the properties, it is understood that at least two of the bidders offered up to £450m to buy the hotels outright with vacant possession.
Macdonald currently has 65 hotels in its portfolio and was taken private in 2003 in a £620m deal, backed by Bank of Scotland. Details: www.macdonaldhotels.co.uk
Lothian-based Macdonald Hotels is reportedly due to receive more than £400m for the 23 hotels it put up for auction in July.
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
Imposter syndrome about a promotion taught the
CEO of SATS that behaving authentically is the most
important part of leadership. He talks to Kath Hudson
As health club operators move to incorporate recovery into their
offerings to meet growing consumer demand, Steph Eaves takes a
look at what cryotherapy and ice bathing can add to the equation
Complaints about group exercise have become a thing of the past for the Reynolds Group
thanks to its partnership with CoverMe, a digital platform that simplifies group exercise
and PT management for clubs and instructors.
Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game
Changers Podcast with Sue Anstiss, CEO of Fearless Women.
Active Reality, a leader in Virtual Reality Freeroam Esports Arenas and GLL, the UK’s largest
operator of municipal leisure centres, have today (3rd May 24) announced an innovative new
partnership that will see a national roll out of gaming technologies within leisure centres
across the country.
Lothian-based Macdonald Hotels is reportedly due to receive more than £400m for the 23 hotels it put up for auction in July.
According to The Times, the deal is worth at least £100m more to the hotel group than was previously estimated.
The company is understood to have a shortlist of four parties, including Dawnay Shore Hotels and property investment companies Moorfield and Prestbury.
Although the group also reportedly indicated that it would only consider sale-and-leaseback deals for the properties, it is understood that at least two of the bidders offered up to £450m to buy the hotels outright with vacant possession.
Macdonald currently has 65 hotels in its portfolio and was taken private in 2003 in a £620m deal, backed by Bank of Scotland. Details: www.macdonaldhotels.co.uk
Lothian-based Macdonald Hotels is reportedly due to receive more than £400m for the 23 hotels it put up for auction in July.
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
Imposter syndrome about a promotion taught the
CEO of SATS that behaving authentically is the most
important part of leadership. He talks to Kath Hudson
As health club operators move to incorporate recovery into their
offerings to meet growing consumer demand, Steph Eaves takes a
look at what cryotherapy and ice bathing can add to the equation
As more people join clubs to support their mental
health, fitness professionals need to be empowered to
take a holistic approach. Kath Hudson shares useful
tools discussed at the ACE summit on mental health
Now mental health is the number one reason for people to join a
health club, do fitness professionals need a grounding in counselling
to offer a more holistic service? Kath Hudson asks the experts
Industry suppliers are responding to the exponential increase in
consumer demand for strength training with a raft of new and
innovative launches and concepts, as Steph Eaves reports
Complaints about group exercise have become a thing of the past for the Reynolds Group
thanks to its partnership with CoverMe, a digital platform that simplifies group exercise
and PT management for clubs and instructors.
Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game
Changers Podcast with Sue Anstiss, CEO of Fearless Women.
Active Reality, a leader in Virtual Reality Freeroam Esports Arenas and GLL, the UK’s largest
operator of municipal leisure centres, have today (3rd May 24) announced an innovative new
partnership that will see a national roll out of gaming technologies within leisure centres
across the country.