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By M&C Report team2006-12-13T12:05:00+00:00
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.
Glendola Leisure’s parent company has obtained additional facilities of £6m from its banking partner, as part of a refinancing arrangement which also sees the extension of its existing £26.7m facility.
The Great British Pub has become the subject of fervent interest from international investor groups looking for operational real estate. But is the sector as distressed as these funds believe?
Whitbread is to open two further Bar + Block venues, its high street steakhouse business, taking its portfolio to 17 sites.
Megan’s, the neighbourhood restaurant business, is looking to recruit 100 new team members, including a people director and operations director.
Comptoir Group has closed four sites and is due to close a further two as a result of the pandemic.
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