Friday, July 16, 2010

Sanguine plans £100m expansion with 16 new hotels

Sanguine Hospitality Management Group has announced a £100m investment fund to develop 16 hotels.

The company - which already owns and operates eight hotels and restaurants through licensed agreements with Wyndham, InterContinental, Hilton and Marco Pierre White - is raising the money through Trident, a distressed hotel fund based in Guernsey.

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