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Pedersen grows rapidly with QMH purchases

16 January 2004 by
Pedersen grows rapidly with QMH purchases

Expanding hotel and restaurant group Pedersen has tripled its hotel portfolio following the purchase of four properties from Queens Moat Houses for more than £40m.

The 72-bedroom Moat House Winchester, in Hampshire, and the 95-bedroom Moat House Sheffield, South Yorkshire, will be renamed the Hotel Winchester and the Sheffield Park hotel. Meanwhile, the 114-bedroom Holiday Inn Reading, Berkshire, will continue to be run under a Holiday Inn franchise, and the 207-bedroom Holiday Inn Bristol has been leased to French hotel giant Accor and will become a Novotel.

Pedersen, which already owns the Regency Park hotel in Thatcham, Berkshire, and the St Mellons hotel and country club in Castleton, Cardiff, now plans to carry out a multi-million pound refurbishment of the four properties.

CB Richard Ellis Hotels was the agent.

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