Monday, May 01, 2006
Whitbread sells off Marriott Hotels
Whitbread Plc the former brewer and owner of the Premier Travel Inn Hotel chain, Brewers Fayre Restaurants and David Lloyd Leisure centres is to sell the 46 Marriott Hotels it held. The £1 billion raised will be invested in the Premier Travel Inn brand which is the largest budget chain in the United Kingdom. It is also to launch the brand in the Gulf States in a deal with Emirates Hotels & Resorts. The first hotel is planned for Dubai.
