Queens Moat Houses Explained

Queens Moat Houses
Industry:	Hotels
Fate:	Acquired by Goldman Sachs
Founder:	John Bairstow
Areas Served:	-->
Owners:	-->

Queens Moat Houses PLC was a British public limited company engaged primarily in the hotel business.

History

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 MountCharlotte.^[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]

Notes and References

1. Web site: The Failure of Queens Moat House I . . 11 February 1997.
2. Web site: Queens Moat directors 'corrupted by cleverness' . Alistair . Osborne . . 19 June 2004.
3. Web site: Eleven QMH hotels acquired by Marathon Asset Management . Janet . Harmer . . August 8, 2014.
4. Web site: Queens Moat sells 25 hotels . . 11 February 1997.
5. Web site: Takeover gives Queens Moat holders 1p a share . Alistair . Osborne . . 3 August 2004.
6. Web site: Nine Queens Moat Houses hotels sell for £100m . Laura . Chesters . . 7 October 2005.