The writing's on the wall 15 November 2019 The time for making your business sustainable is now. Find out how hospitality’s leaders, including Sue Williams and Chantelle 
Nicholson, are going green in The Caterer ’s Sustainability Special
In this week's issue... The writing's on the wall The time for making your business sustainable is now. Find out how hospitality’s leaders, including Sue Williams and Chantelle Nicholson, are going green in The [...]
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Macdonald hotels abandons plan to sell 27 properties in favour of new deal

08 November 2019 by
Macdonald hotels abandons plan to sell 27 properties in favour of new deal

Macdonald hotels has abandoned a plan to sell 27 of its properties to a private equity investor in a deal that would have wiped out £190m of its debt.

The group had been due to finalise the sale of the hotels, including the Rusacks Hotel, overlooking the 18th green at St Andrews, the Randolph Hotel in Oxford (pictured) and the Bath Spa by the end of August.

But today it confirmed it had abandoned the plan in light of another offer. A spokesman said: “We decided not to proceed with the negotiations for the sale of 27 properties after receiving a major offer for two of our hotels.

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