Peel Hotels Explained

Peel Hotels
Type:Public company
Foundation:1998
Location:London,
United Kingdom
Key People:Robert Peel, chief executive
Area Served:United Kingdom
Industry:Hospitality
Revenue:£15.9m (2007)
Homepage:http://www.peelhotels.co.uk

Peel Hotels plc is a hotel company operating in the United Kingdom. It operates eight hotels and is listed on the AIM.

History

The company was founded in 1998 by Robert Peel, when he bought the Bull Hotel in Peterborough. Since that date, the company has acquired other notable hotels, such as the famous Midland Railway Hotel in Bradford, and the King Malcolm Hotel in Dunfermline.[1]

Recently the company has demised a 25-year lease to Clermont Leisure, owners of the prestigious Clermont Club casino in London, to open a casino in the basement of the Midland Hotel, taking advantage of the Gambling Act 2005 permitting new casino-hotels.[2] The new hotel will be called the Guoman Club[3] and will be the third casino in the city, which will effectively join the new Westfield Shopping Centre being built adjacent to the hotel. This lease, together with the recent disposal of land to the north of the Midland site to developers and the disposal of the Avon Gorge Hotel in Bristol, has left the hotel group debt-free.[4]

Notes and References

  1. http://www.peelhotels.co.uk Peel Hotels – 4 star hotels around the UK – Leeds, Newcastle-Upon-Tyne, Nottingham, Peterborough, Carlisle, Wallingford, Bradford & Dunfermline
  2. http://www.caterersearch.com/Companies/33811/peel-hotels.html Peel Hotels – hospitality company profiles
  3. http://www.thetelegraphandargus.co.uk/news/newsindex/display.var.1691093.0.5_6m_staked_on_new_casino.php £5.6m staked on new casino (From Bradford Telegraph and Argus)
  4. http://www.sport-kit.net/proddetail.cfm?story=Peel%20Hotels%20sells%20Avon%20Gorge%20for%20%C2%A315.5m&code=1282&codeID=31473&CFID=31919196&CFTOKEN=27517826 sport-kit.net story details: Peel Hotels sells Avon Gorge for £15.5m