Friendly checks in for a recovery
Article Abstract:
Friendly Hotels is a UK company which operates hotels and is involved in serviced offices. The company has 30 hotels and occupancy rates have been 62%, but Friendly Hotels is likely to undergo a recovery. The hotel division saw a rise in profit for 1995, though the company reported a pre-tax loss due to provisions for closing its serviced office division. The company will be more focused after the disposal and borrowings are being reduced. Choice Hotels is investing 11 million pounds sterling in the company.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Cut-price luxury
Article Abstract:
Cliveden is a United Kingdom hotel operator which aims to develop a portfolio of five-star hotels. This market segment is seen as less cyclical than the market as a whole. There also appears to be more leeway for increasing prices in this segment. The company has 78% occupancy rates and should benefit from increasing room rates. The company has capital and trading losses to use, which will reduce its tax bill. Cliveden should achieve a profit of 2.65 million pounds sterling for 1998.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Bouncy Barnham
Article Abstract:
Barnham Broom was acquired by John Gunn in early 1996, although he is involved in a dispute with the UK Department of Trade and Industry. The company reported a rise in pre-tax profit to 411,000 pounds sterling for 1994 to 1995 compared with 122,000 pounds for the previous year. The company is seeking to acquire a further hotel, and is likely to seek listing on the UK Alternative Investment Market (Aim). The company's shares are seen as offering good value in Mar 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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