Seaside star 28 February 2020 Simon Hulstone, owner of the Elephant in Torquay, on riding the wave of running a Michelin-starred restaurant for 15 years
In this week's issue...Seaside star Simon Hulstone, owner of the Elephant in Torquay, on riding the wave of running a Michelin-starred restaurant for 15 years
Read More
Search
The Caterer

Eton Group bought out of administration

15 December 2010 by
Eton Group bought out of administration

The Eton Group‘s portfolio of five boutique and townhouse hotels has been bought out of administration by the US-based Westmont Hospitality Group, for a sum of about £55m.

The properties include three London hotels - the Academy, the Colonnade and Threadneedles - as well as Quebecs in Leeds and the Glasshouse in Edinburgh. Together, they offer 271 bedrooms. The asking price was £63m.

Westmont Hospitality owns more than 500 hotels in Europe, North America and Asia and is one of the largest franchisees of InterContinental and Hilton hotels worldwide. It also works with Starwood, Accor, Wyndham, Choice Hotels and Best Western.

The Eton Group was sold by Peter Tyrie, the founder of the company, in August 2007 for £70m to JJW Hotels & Resorts, owned by Mohamed Bin Issa Al Jaber. Tyrie initially stayed with the group to help integrate the hotels into the new business before leaving in October 2009. The company went into administration in June 2010.

JJW buys the Eton Collection >>

Eton Collection founder Peter Tyrie to set up new hotel business >>

Eton Group for sale for £63m >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[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

Thank you

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