Saturday, March 20, 2010

Jarvis Hotels in talks with banks over debts

Jarvis Hotels is in crunch talks with its banks after breaching its financial covenants.

The Times understands that the company, which operates 42 hotels and five associate properties under the Ramada franchise, is in advanced talks with Grant Thornton, acting on behalf of the banks, over a refinancing of its £122 million debt facility

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