Sunday, August 16, 2009

Alternative Hotel Group in debt talks with Lloyds

The company behind some of Britain’s most prestigious hotels is set to open talks about a restructuring of its £1.4 billion debt pile.
Alternative Hotel Group, which owns properties such as Cameron House in Scotland and Slaley Hall in Northumberland through its De Vere chain, is to begin negotiations with its lender Lloyds Banking Group after the bank appointed Deloitte to carry out an independent review of the business.

Read more:
http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6797711.ece

Dubai Holding to Focus on Four Businesses

Aug. 16 (Bloomberg) -- Dubai Holding LLC, a diversified group owned by Dubai ruler Sheikh Mohammed Bin RashidAl Maktoum, plans to focus on four businesses, including property and hospitality, as part of a restructuring.

Read more;
http://www.bloomberg.com/apps/news?pid=20601206&sid=aC7phLh7NeIY