Sign up for free newsletter


British pounds

St James’s Hotels acquires 14 Forestdale hotels

Wed, 12/03/2014 - 06:04

St James’s Hotel Group has completed the acquisition of 14 hotels across England from Forestdale Hotels (in administration).

The 14 hotels are unbranded three star hotels well situated in strongly performing locations, such as Bath, Cambridge, Bristol, and Winchester, the New Forest and the Cotswolds. 
The group employs 600 people and has annual revenue of around GBP18m.
The hotels have suffered from a prolonged period of under-investment with Forestdale struggling to service a large debt burden and recently went into administration.
Shaun Robinson, managing director of St James’s Hotels, says: “We are very excited to have acquired this portfolio and while it will require significant investment in both time and money, we believe we are well placed to maximise the potential of these well located properties.  This is the first of a series of acquisitions that we hope to make for St James's Hotels.” 

Subscribe to free daily newsletter
FX Options Trading - NYC - USA

Sat, 31 Jan 2015 00:00:00 GMT

FX Trader, New York City, USA

Sat, 31 Jan 2015 00:00:00 GMT

VP FX Algo Strategy Java Developer

Sat, 31 Jan 2015 00:00:00 GMT

2 days 18 hours from now - Kuala Lumpur
6 days 18 hours from now - Las Vagas
1 week 18 hours from now - Florida