Michael Gallagher wrote:
On Sun, 14 Oct 2007 14:56:38 +0100, "William Black"
wrote:


Not for years

They were taken over in a peculiarly nasty hostile takeover about
ten years ago and the group was asset stripped.

Who made the takeover bid? The Posthouse near Gatwick Airport
looks like it's become a Holiday Inn. Did all the poshouses
become Holiday Inns or were they absorbed by different chains?

The Forte group, including the Posthouse hotels, was taken over by
Granada (headed by Gerry Robinson) in 1996. By that time, Forte had
taken the Posthouse brand down-market, and standards had fallen
considerably in my experience.

Since then, the history has been complicated. Granada merged with the
Compass Group in 2000, then demerged all of its hospitality businesses
as Compass in February 2001.

Meanwhile the brewing group Bass had acquired Holiday Inn in 1988-90.
With the sale of the Bass brewing business, the company was renamed as
Six Continents in 2000.

In 2001 Compass sold off all 79 Posthouse hotels to Six Continents, and
most were upgraded to Holiday Inns. The hotels side of Six Continents
became InterContinental Hotels Group in 2003.

--
Richard J.
(to e-mail me, change 'ten' to 'net' in address)
www.stayparis.net