Macdonald Hotels sells 24 properties for £400m

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Macdonald Hotels sells 24 properties for £400m

29 Jan 2007 . BY

Macdonald Hotels has sold 24 of its UK properties to Moorfield Real Estate Fund for more than £400m.

Macdonald will continue to manage the hotels under a short term management agreement, but will have to bid against two other international companies for the long term contracts.

Executive chair Donald Macdonald said: “This is a significant transaction for us and one we planned to execute when we took the company off the London Stock Exchange and back into private ownership three and a half years ago.”

The hotels are based across the country including the Holland House Hotel in Cardiff, the Ardoe House Hotel in Aberdeen and the White Hart Hotel in Bristol. Details: www.macdonaldhotels.co.uk

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PRODUCT NEWS

Macdonald Hotels sells 24 properties for £400m

29 Jan 2007 . BY

Macdonald Hotels has sold 24 of its UK properties to Moorfield Real Estate Fund for more than £400m.

Macdonald will continue to manage the hotels under a short term management agreement, but will have to bid against two other international companies for the long term contracts.

The hotels are based across the country including the Holland House Hotel in Cardiff, the Ardoe House Hotel in Aberdeen and the White Hart Hotel in Bristol. Details: www.macdonaldhotels.co.uk

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Pharmos Natur launches Lunar Skin Ritual using products designed to work at night

Pharmos Natur has launched a Night Elixir and Night Cream to be used in its latest therapy, the Lunar Skin Ritual.

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HPO Tech has created a single-seat hyperbaric chamber, called Oyster, with an acrylic domed lid that opens upwards like a shell.

Manduka debuts premium P/ROX hybrid fitness mat

Manduka, a leading manufacturer of premium yoga mats has launched its P/ROX hybrid fitness mat, crafted for athletes and functional fitness practitioners who move between yoga and fitness training.

Rebalance Tech ramps up Impulse rollout

Consumer desire for overall wellbeing is driving demand for Impulse, a multisensory bed by Rebalance Tech, according to distributor Spa Vision.

Nilo Spa Design introduces Marea dry flotation bed

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Esse Skincare upgrades Probiotic Serum with fourth live probiotic species

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Voya launches Resurge Hair and Scalp Elixir and spa treatments

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Templespa releases brightening Glass Act eye serum

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Sweet Bee Organics enters spa market at The Ned London with magnesium-infused treatment

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OSKIA unveils Midnight Eye Q cream for nocturnal repair

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