Hoteliers dominate hospitality Rich List

09 May 2011 by
Hoteliers dominate hospitality Rich List

Hoteliers make up the bulk of the UK's richest hospitality business operators and investors within the Sunday Times Rich List, which measures the fortunes of the country's 1,000 wealthiest people.

Joe Lewis, a Bahamas-based financier who holds a £318m stake in Mitchells & Butlers, is the richest of those closely associated with UK hospitality, with a fortune of £2.8b (22nd overall).

He is followed by Richard Caring whose fashion and restaurant empire includes Caprice Holdings, which runs restaurants including the Ivy, J Sheekey and Le Caprice. His wealth has risen by £100m this year to £700m (101st= overall).

Meanwhile, Duncan Bannatyne, star of TV show Dragons' Den and owner of a string of fitness clubs as well as hotels including Charlton House, heads the list of hoteliers with a fortune of £430m (186th= overall).

Hospitality business owners/operators in the Rich List:

22 Joe Lewis: £2.8b (+£100m)
A Bahamas-based financier who owns a £318m stake in Mitchells & Butlers

101= Richard Caring: £700m (+100m)
Owner of restaurant business Caprice Holdings

166= Sir Peter Rigby: £480m (+£50m)
Chairman of the Eden Hotel Collection, which includes the Arden Hotel Stratford upon Avon.

186= Duncan Bannatyne: £430m (+£110m)
Owner of 40 spas, 60 healthclubs, four hotels, bars and property

223= Marlon Abela: £350m
The restaurateur, 35, has eight restaurants in London and New York. The business turns over £40m a year.

287= Andrew Nisbet and family: £252m (+£72m)
Owners of Bristol-based catering supplier Nisbets.

296= Surinder Arora and family: £249m (+£15m)
Owner of Arora Holdings, running five-star airport hotels.

299= Robert Earl: £240m (+£40m)
Owner of Planet Hollywood restaurants

299= Sir Rocco Forte and Olga Polizzi and family: £240m (-£45m)
Owners of Rocco Forte and Family, parent company of hotel firm the Rocco Forte Collection where Polizzi is a director.

337= Andrew Brownsword: £200m (+£10m)
Brownsword has interests in Abode Hotels and the Bath Priory hotel in addition to his greeting cards business.

359 Tim and Kit Kemp: £194m (+£34m)
Owners of Firmdale Hotels which has six properties in London.

454= Tim Martin: £154m (+£2m)
Founder of pub chain JD Wetherspoon.

537= Adam and Samuel Kaye: £130m
Founders of the Ask restaurant chain which the brothers sold for £54m in 2005. They now run pizza chain Prezzo.

639= Norman Springford: £114m
Springford and his family own Apex Hotels, Scotland's fastest-growing hotel company.

679 Jamie Oliver: £106m (+£41m)
Founder of Fifteen restaurants and Jamie's Italian in which he owns a 70% stake. He also has a successful media career and advertising deal with supermarket chain

703= Guy and Julia Hands: £100m
Guy Hands, founder of private equity firm Terra Firma, has a £136m stake in Hand Picked Hotels.

751= Sinclair Beecham: £95m
Co-founder of Pret a Manger, he is expected to make at least £20m profit from the sale of his Hoxton hotel in east London which is for sale for £67.5m. Beecham made £50m when Pret was sold for £345m in 2008.

776= Lord Rana: £93m
Owner of property and hotel development company Andras House Group.

817= Sir Terence Conran: £85m
Owner of D&D London which operates over 30 restaurants in London as well as restaurants in Paris, New York, Copenhagen and Tokyo.

817= John Marston: £85m
Property owner who sold his Marston Hotels for £50m.

817= Julian Metcalfe: £85m
Holds a 50% stake in Itsu sushi chain and made £50m when Pret A Manger was sold.

843= Koolesh Shah: £84m
Owner of London Town Hotels Group

859= Giuseppe Pecorelli: £82m
Owner of Exclusive hotels group which has four hotels and two golf courses.

871= Bakir Cola: £80m
Owns London-based hotel group Cola Holdings

927= Lord Daresbury and the Greenall family: £75m
Sold the Greenalls brewery in Warrington and moved into hotels

By Neil Gerrard

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