Managing director Tony Troy said: 'Prior to finalising our plans to merge the two brands we conducted an initial review of all the hotels in the region. Our strategic plans are now in place and the decision has been made to sell these six properties, as they do not meet Le Meridien's core brand specifications.'
Following the completion of the sale the UK & Ireland region of Le Meridien will operate 17 properties. The region will comprise of nine Le Meridien properties and seven former Principal Hotels and The Cumberland on London's Oxford Street, which is currently undergoing a £70 million ($100 million) refurbishment and re-branding.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
