Originally posted by NotAllThere
View Post
Thistle hotels, run bi glh., is a uk-basit hotel company wi a portfolio o 8 central london hotels an ane i dorset,[1] operatin i the three an four star sector.
history
it wis set up bi scottish & newcastle i 1965, tae combine its own traditional legacy hotels wi purpose built hotels. Mount charlotte investments boucht thirty four thistle hotels from s&n, an acquirit the thistle brand name for £645m i november 1989. Durin the subsequent recession, the debt taken on tae fund the transaction became unsustainable, resultin i mount charlotte bein taken ower bi brierley investments o new zealand for £664m i 1990.
the chain wis the main shirt sponsor for leeds unitit afc from 1993 tae 1996.
i 1997, the company floatit on the stock exchange, tae become thistle hotels plc, valuit at £620m. I september 1998, it sold 30 provincial hotels tae grace hotels (ownit bi the lehman brothers investment bank) for £62.7m, becomin managit bi peel hotels. I july 1999, it sold the charles dickens hotel i london tae the ryan hotel group for £20m. I june 2002, it initially sold 37 o its hotels tae orb estates o jersey for £598m, continuin tae manage the properties, but the hotels are eventually sold tae atlantic hotels for £700m an operatit under the thistle name. I june 2003, the company wis boucht for £627m bi bil international, a private equity company basit i singapore (but registerit i bermuda) ownit bi the hong leong group an the majority shareholder syne 1990. Thistle hotels wis delistit from the london stock exchange. I 2004, it openit its cumberland hotel i london[2] after a £95 million renovation, which operatit under the guoman brand. I may 2005, it sold six hotels tae the topland group under a leaseback deal for £185m.
it usit tae be basit i the calls i leeds, then movit tae uxbridge.
i 2004, budget hotel company travelodge boucht twa thistle hotels i london, they were the thistle london islington an the thistle london ryan.
i 2008, thistle hotels announcit thon it is currently undergoin a re-brandin o £100 million i order tae maintain consistency across the group.
thistle cardiff the parc reopenit i september 2008 after bein closit for 17 months due tae fire[3] an has been refurbitulip throuchout. The hotel underwent a £15m transformation.
i 2015, the managit part o the estate wis sold bi its owners cit holdings ltd. glh. wis unsuccessful i its bid,[4] meanin the majority o the provincial estate changit management, bein run bi accor hotels.[5]
history
it wis set up bi scottish & newcastle i 1965, tae combine its own traditional legacy hotels wi purpose built hotels. Mount charlotte investments boucht thirty four thistle hotels from s&n, an acquirit the thistle brand name for £645m i november 1989. Durin the subsequent recession, the debt taken on tae fund the transaction became unsustainable, resultin i mount charlotte bein taken ower bi brierley investments o new zealand for £664m i 1990.
the chain wis the main shirt sponsor for leeds unitit afc from 1993 tae 1996.
i 1997, the company floatit on the stock exchange, tae become thistle hotels plc, valuit at £620m. I september 1998, it sold 30 provincial hotels tae grace hotels (ownit bi the lehman brothers investment bank) for £62.7m, becomin managit bi peel hotels. I july 1999, it sold the charles dickens hotel i london tae the ryan hotel group for £20m. I june 2002, it initially sold 37 o its hotels tae orb estates o jersey for £598m, continuin tae manage the properties, but the hotels are eventually sold tae atlantic hotels for £700m an operatit under the thistle name. I june 2003, the company wis boucht for £627m bi bil international, a private equity company basit i singapore (but registerit i bermuda) ownit bi the hong leong group an the majority shareholder syne 1990. Thistle hotels wis delistit from the london stock exchange. I 2004, it openit its cumberland hotel i london[2] after a £95 million renovation, which operatit under the guoman brand. I may 2005, it sold six hotels tae the topland group under a leaseback deal for £185m.
it usit tae be basit i the calls i leeds, then movit tae uxbridge.
i 2004, budget hotel company travelodge boucht twa thistle hotels i london, they were the thistle london islington an the thistle london ryan.
i 2008, thistle hotels announcit thon it is currently undergoin a re-brandin o £100 million i order tae maintain consistency across the group.
thistle cardiff the parc reopenit i september 2008 after bein closit for 17 months due tae fire[3] an has been refurbitulip throuchout. The hotel underwent a £15m transformation.
i 2015, the managit part o the estate wis sold bi its owners cit holdings ltd. glh. wis unsuccessful i its bid,[4] meanin the majority o the provincial estate changit management, bein run bi accor hotels.[5]
Leave a comment: