Thistle Hotels PLC - Disposal
July 26 1999 - 6:00AM
UK Regulatory
RNS No 9843h
THISTLE HOTELS PLC
26 July 1999
THISTLE HOTELS PLC ANNOUNCES THE SALE OF THE
CHARLES DICKENS HOTEL
London, 26 July 1999 - Thistle Hotels has announced today the sale
of the Charles Dickens hotel in London to Ryan Hotels Plc, the
Irish based hotel operator, for #21.5 million. The consideration
will be paid in cash upon completion, expected in late August
1999.
The decision to sell the 188-bedroom Charles Dickens was taken
after a review concluded that the hotel was not considered core to
the Thistle strategy.
Commenting on the disposal, Ian Burke, chief executive, Thistle
Hotels said, "The sale of the Charles Dickens is another step in
our three-year plan to focus and develop a portfolio of Thistle
branded four-star hotels offering a full service and consistent
standards in prime locations to meet customer needs."
For further information, please contact:
FOR THISTLE HOTELS PLC
Nick Denton - Hogarth Partnership +44 171 357 9477
Ian Burke - Chief Executive, Thistle Hotels +44 171 723 0101
Caroline Trout - Public Relations Manager, +44 171 723 8383
Thistle Hotels
RYAN HOTELS
Fiona Gillespie - Bill O'Herlihy Communications +353 1 660 2744
Group
NOTES TO EDITORS
Thistle Hotels is London's largest hotelier with 23 hotels (6,351
rooms) in prime locations throughout the capital. Overall, the
Group is one of the UK's largest four-star hotel companies with
over 55 properties in key city centre and countryside locations.
Ryan Hotels is an Irish-based company with five hotels in Ireland
and three on the Continent.
END
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