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Dawnay close to Furlong deal

11 August 2005
Dawnay close to Furlong deal

Dawnay Shore Hotels, the investment vehicle for Dawnay Day and Shore Capital, is in talks to buy the Furlong Hotels group for more than £50m.

It is believed an approach was made several weeks ago and a deal is thought to be imminent.

Furlong's three-strong portfolio includes the 70-bedroom Lygon Arms country house hotel in the Cotswolds, which it bought from the Savoy group two years ago for about £15m.

Furlong also owns the 71-bedroom Billesly Manor hotel in Warwickshire and the 40-bedroom Combe Grove Manor property near Bath.

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