The new company running a group of 240 former London & Edinburgh Swallow Group (LESG) pubs and hotels is called Oxford Inns and Hotels, writes Paul Charity. The Flodrive Group, which is owned by the Khalastchi Group, bought the fixtures and fittings on the sites last Friday from administrator Ernst & Young for just over £1m- it was already the freehold owner. Companies House records show that Oxford Inns and Hotels was set up at the end of August by members of the Khalastchi family - a few weeks before Ernst & Young was called in. Current directors are Ephraim Khalastchi, 73, and Peter and Anthony Khalastchi, 43 and 45 respectively. The company’s registered office is in London’s Chandos Place. According to reports, the Khalaschti family funded around 80% of the LESG pub and hotel acquisitions.