Queens Moat Houses
| Industry | Hotels |
|---|---|
| Founder | John Bairstow |
| Defunct | August 2, 2004 |
| Fate | Acquired by Goldman Sachs |
| Headquarters | |
Key people |
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Queens Moat Houses PLC was a British public limited company engaged primarily in the hotel business.
History
[edit]Queens Moat House Hotels was founded in the early 1970s by John Bairstow.[1] By 1991, the company was the third largest hotelier in the United Kingdom, after Forte Group and Mount Charlotte.[1] On 31 March 1993, trading in its shares was suspended after an accounting scandal.[2][3] The company was subsequently investigated under Section 432(2) of the Companies Act 1985. In 1997, the company sold 25 hotels.[4] The company was bought by Goldman Sachs in August 2005 and renamed QMH Limited.[3][5] In October 2005, 9 hotels were sold for approximately £100m.[6] In February 2013, 20 German hotels were sold to Fattal Hotels, an Israeli company.[3] In 2014, 11 hotels were sold to Marathon Asset Management.[3]
References
[edit]- ^ a b "The Failure of Queens Moat House I" (PDF). London Business School. 11 February 1997.
- ^ Osborne, Alistair (19 June 2004). "Queens Moat directors 'corrupted by cleverness'". The Daily Telegraph.
- ^ a b c d Harmer, Janet (8 August 2014). "Eleven QMH hotels acquired by Marathon Asset Management". The Caterer.
- ^ "Queens Moat sells 25 hotels". The Independent. 11 February 1997.
- ^ Osborne, Alistair (3 August 2004). "Takeover gives Queens Moat holders 1p a share". The Daily Telegraph.
- ^ Chesters, Laura (7 October 2005). "Nine Queens Moat Houses hotels sell for £100m". Property Week.(subscription required)
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