Whitbread tight-lipped on £3bn bid rumours

From The Publican

By Hamish Champ , 24-Jul-2006

Related topics: General News, Company & City News

Whitbread has refused to comment on press speculation that it is the bid target of a large US hotel operator.

 

Reports over the weekend suggested that Starwood Capital, a large US hotel and property group which numbers the Sheraton and Westin brands among its portfolio, has been in talks with advisers about tabling a £3bn-plus bid for the leisure group.

 

According to the reports, Starwood is highly acquisitive and looking to add to its stable of hotel assets.

 

It is seen as a potential buyer of Whitbread, which owns the Premier Lodge hotel chain, due to the fit with its own budget hotels, which include the French group Societe du Louvre.

 

Whitbread last week sold its 235 non-core pub restaurants to Mitchells & Butlers for £497m, prompting speculation that the group, which also owns the David Lloyd leisure centre chain, might be broken up in due course.

Find us on Facebook

Spotlight

Poppelston Allen: Understanding recorded and live music law

10 tips on the Live Music Act

Never has the law relating to live and recorded music been so complex. Here is a brief...

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

Follow us on