Jarvis sells off Ramada Plaza Regents Park Hotel

02 March 2005 by
Jarvis sells off Ramada Plaza Regents Park Hotel

Jarvis Hotels has sold its Ramada Plaza Regents Park Hotel in north-west London to CP Holdings for £60m.

Jarvis chief executive Richard Thomason said: "We can confirm we have reached an agreement with CP Holdings regarding the sale of Ramada Plaza Regents Park hotel. In line with company policy, employees are being kept fully informed of developments."

The four-star, 377-bedroom London hotel has been on the market since chairman John Jarvis and Thomason took the company private in December 2003. Proceeds from the sale will be used to pay back debt.

CP Holdings is the major shareholder in the Hungarian-based Danubius Hotels Group, which will operate the hotel. Danubius will also manage the Crescent hotel in Buxton, Derbyshire, after it reopens in 2007, following a £23m face-lift.

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