CHE sells again to repay debts
24 June 2002 by web
Troubled group CHE, formerly Friendly Hotels, is selling another of its properties.
The group has agreed to sell its 88-bedroom Comfort Inn Manchester to John Roebuck of First House Hotels for £1.5m.
In the year to 31 December 2001, the hotel produced an operating profit of £115,000 on a turnover of £810,000.
CHE said it would use the sale money to repay bank debt.
The Comfort Inn Manchester is the 12th hotel to be sold by the group since February 2001, earning a combined £22m.
