Britannia Hotels Ltd, the privately-owned chain controlled by Alex Langsam, has returned to profit thanks to lower operating costs.The company, which owns 34 hotels made a pre-tax profit of £889,000 in the year to March 31, 2009, compared with a loss of £3.6m in the prior year, when the group spent heavily on refurbishments. Turnover rose 3.25 per cent to £40.5m.
Read more:
