Macdonald Hotels Ltd
Encyclopedia
Macdonald Hotels Ltd is a hospitality company based in Bathgate
, West Lothian
, Scotland
.
Its main subsidiary, Macdonald Hotels and Resorts, owns or operates hotels and holiday resorts in the UK and Spain.
facilitated by Bank of Scotland
The value of the transaction was £590 million http://business.scotsman.com/topics.cfm?tid=945&id=972152003
It expanded rapidly with the purchase of some "Forte Heritage Hotels" from Forte Hotels after the latter's takeover by Granada plc.
In 2007 the company sold 24 hotels to Moorfield Real Estate Fund http://business.scotsman.com/topics.cfm?tid=945&id=144662007 It subsequently bid for the Management Contract to continue running these hotels but lost out to Accor Hotels. Macdonald hotel was founded and is owned by Donald Macdonald
Bathgate
Bathgate is a town in West Lothian, Scotland, on the M8 motorway west of Livingston. Nearby towns are Blackburn, Armadale, Whitburn, Livingston, and Linlithgow. Edinburgh Airport is away...
, West Lothian
West Lothian
West Lothian is one of the 32 unitary council areas in Scotland, and a Lieutenancy area. It borders the City of Edinburgh, Falkirk, North Lanarkshire, the Scottish Borders and South Lanarkshire....
, Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
.
Its main subsidiary, Macdonald Hotels and Resorts, owns or operates hotels and holiday resorts in the UK and Spain.
History
Macdonald Hotels was bought from shareholders by its management in 2003 in a management buyoutManagement buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
facilitated by Bank of Scotland
Bank of Scotland
The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the second oldest surviving bank in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to...
The value of the transaction was £590 million http://business.scotsman.com/topics.cfm?tid=945&id=972152003
It expanded rapidly with the purchase of some "Forte Heritage Hotels" from Forte Hotels after the latter's takeover by Granada plc.
In 2007 the company sold 24 hotels to Moorfield Real Estate Fund http://business.scotsman.com/topics.cfm?tid=945&id=144662007 It subsequently bid for the Management Contract to continue running these hotels but lost out to Accor Hotels. Macdonald hotel was founded and is owned by Donald Macdonald
List of hotels
Hotel | City |
---|---|
The Macdonald Berystede Hotel & Spa | Ascot Ascot, Berkshire Ascot is a village within the civil parish of Sunninghill and Ascot, in the Royal Borough of Windsor and Maidenhead, Berkshire, England. It is most notable as the location of Ascot Racecourse, home of the prestigious Royal Ascot meeting... , Nr Windsor Windsor, Berkshire Windsor is an affluent suburban town and unparished area in the Royal Borough of Windsor and Maidenhead in Berkshire, England. It is widely known as the site of Windsor Castle, one of the official residences of the British Royal Family.... |