Menzies pays £54m for eight Thistle Hotels

29 August 2007 by
Menzies pays £54m for eight Thistle Hotels

Menzies Hotels has bought eight Thistles from owner Curzon Hotel Properties for a total of £54m.

The hotel group will take control of 978 bedrooms spread across Birmingham, Luton, Swindon, Stevenage, Irvine and Manchester, as well as Gatwick and Aberdeen airports.

Menzies has also unveiled plans to spend £12m on refurbishing and repositioning the eight properties in line with its existing hotels during the next 18 months.

In March, Leisure CIT Group paid approximately £400m for 28 Thistle Hotels.

Menzies itself was bought by a conglomerate of investors including property magnate Robert Technguiz's investment vehicle R20 back in October 2006.

Tim Penter, chief executive at Menzies, said: "The acquisition of these eight hotels provided us with the ideal opportunity to continue to grow and develop our portfolio of properties. All the hotels are in prime locations improving our geographical spread across the UK."

Thistle Hotels company profile >>

Menzies Hotels website >>

E-mail your comments to Christopher Walton]( pays £54m for eight Thistle Hotels) here.

[The Caterer Blog]( Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
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