Summary
Leisure group Whitbread is in exclusive talks to buy budget hotel chain Premier Lodge for pounds 540m, according to reports. The company is understood to have beaten off competition from private equity group Apax Partners in the last round of bidding over the weekend.
According to The Times, a deal with Burton-on-Trent based pubs group Spirit could be clinched in the next few days.See the full content of this document
Extract
Whitbread in New Hotels Move
Victory in the race for Premier Lodge, which comprises 132 hotels employing 5...
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