Saturday, October 24, 2009

Festival Inns places non-core assets on the market

Festival Inns, the Edinburgh-based hotel and bar operator, has placed a number of its assets on the market after deciding to focus exclusively on its major managed outlets.
The company has grown via acquisition since its launch in 1997 and now has seven hotels and 13 bars in its estate.
After conducting a strategic review, it has placed a number of Edinburgh assets including the Hudson Hotel, Biblo’s Bar, the Jazz Bar and Day Nurseries on the market through property agent Jones Lang
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