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Principal Hotels rebrands after Hayley Conference Centres buy

12 October 2007 by

Principal Hotels, which is owned by private equity firm Permira, has re-branded its operations following the purchase of Hayley Conference Centres.

The new group has been re-launched as Principal Hayley Hotels and Conference Venues.

It has 17 sites operating in the four to five-star bracket of the market with 3,000 bedrooms and 400 meeting rooms with the ability to host around 20,000 delegates a day.

Principal Hayley chief executive Tony Troy said: "This is an exciting time for the group. We are expanding and developing as a company and our vision is to be the best upper four and five-star hotel and conference venue group across Europe."

Permira paid £358m for Hayley in May 2006. It will launch a new website in the New Year.

In March Permira bought the Rocco Forte's St David's hotel in Cardiff Bay for £32.5m.

Robert Tchenguiz eyes up Malmaison and Hotel du Vin >>

Permira buys Hawkstone Park for £11m >>

Principal Hotels sold for estimated £300m >>

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Principal Hayley website >>

By Chris Druce

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