Dawnay Day reviews investments

14 July 2008 by
Dawnay Day reviews investments

The future of some of the UK's most high profile hospitality operations, including The Wolseley, has been thrown into doubt after investment giant Dawnay Day launched an emergency review of its businesses.

The company, which has a 50% stake in the famous London restaurant, has called in administrators from Ernst & Young to carry out the review after failing to raise the funds it needs to keep the company afloat.

The group, which has been hit by large losses on investments, owns 20 hotels under a joint venture with Shore Capital, called Dawnay Shore Hotels.

The hotels, which have been managed and leased by Barceló Hotels & Resorts since last September, include the Lygon Arms in the Cotswolds, The Carlton in Edinburgh, The Majestic in Harrogate and The Imperial in Torquay.

So far, Dawnay Day has only put its investment banking division up for sale but it is expected that more companies and holdings will be offered to buyers.

Nick Basing to join Dawnay Day International >>

Dawnay Day buys Lygon Arms owner Furlong Hotels >>

Spanish hotel group to take over Paramount >>

By Daniel Thomas

E-mail your comments to Daniel Thomas here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking