DSH remains hungry for more London hotels

30 September 2005
DSH remains hungry for more London hotels

Dawnay Shore Hotel (DSH) backer the Hotel Corporation has said it remains hungry for more hotel properties, especially in London.

Barclay Douglas chairman of the company, which owns 49.9% of DSH, said: "We are still acquisitive and are looking at a number of options in London and other regions.

Douglas reiterated the company's plan to acquire 4,000 rooms over five years for DSH.

The Hotel Corporation made profit of £9.3m for the six months to 30 June.

DSH's results - announced separately - valued its portfolio of 17 four-star regional UK hotels at £314.3m.

Its turnover for the six months ended 3 July was £40.4m, up 2.5% year-on-year with operating profit of £14.2m (2004: £14m).

Taking into account interest on debts and other costs, the net loss before tax for the period was £3.9m.

By Chris Druce

Get your copy of Caterer and Hotelkeeper every week - click here to subscribe and save 25%.

Sudoku Join the craze and play Sudoku online!
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 Group 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