The recent £10b takeover of Hilton Hotels Corporation by US buyout giant Blackstone has signalled a gathering of pace of private equity ownership in the hospitality sector.
Hilton joined the growing number of UK hospitality firms already owned by private equity investors including Travelodge (Permira), Loch Fyne (Hutton Collins), Strada (Tragus), Café Rouge (Tragus), La Tasca (Robert Tchenguiz), Ma Potter's (Tragus), Laurel Pub Company (Tchenguiz).
Private equity has become a controversial subject: slammed by unions as "amoral" asset strippers, criticised by MPs and others for paying little tax and faced calls for a clampdown. But others argue it is providing much needed investment into UK industry.
This page rounds up the news, analysis and comment surrounding the issue and how it is impacting hospitality.