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Park Plaza to sell off bricks and mortar?

25 November 2005

Park Plaza Hotels Europe is believed to be negotiating a £350m sale-and-leaseback deal for its UK and European assets.

The hotel group is understood to be in discussions to sell its bricks-and-mortar assets to hotel investment company Farnsworth.

A spokesman for Park Plaza didn't deny the speculation, but would not "comment further at this stage".

Park Plaza's portfolio currently includes 30 hotels, including two new four-star de luxe properties on London's South Bank, due to open in 2008 and 2010.

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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.

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