Ramada Jarvis
Encyclopedia
Ramada Jarvis was a chain of 42 3 star
and 4 star
hotels located throughout the mainland of the United Kingdom
. The Elcot Park Hotel
in Newbury was one of the hotels in this chain, along with multiple others in large locations such as Edinburgh
, Glasgow
, London
, Birmingham
, Manchester
and Yorkshire
.
The business was founded by John Jarvis who floated it on the London Stock Exchange
in 1996 when it was valued at about £300 million. The company was taken private in 2003 in a management buyout
for £159 million.
Many of the Ramada Jarvis hotels in Britain have Sebastian Coe Health clubs. The clubs are also open to private memberships. They have full gyms and pools with steam rooms, saunas, spa and massage rooms and hairdressers.
Ramada Jarvis went into liquidation on 30th September 2011. 26 hotels were acquired by Jupiter Hotels Limited, a 50:50 joint venture
between Patron capital
and West Register, part of the Global Restructuring Group of the Royal Bank of Scotland Group. Those hotels have been re-branded Mercure
under a franchise agreement with Accor
. The joint venture investors are injecting £40m, with debt financing of £71m provided by RBS, HSBC and Bank of Ireland, which were the original lenders to Jarvis.
Star (classification)
Stars are often used as symbols for classification purposes. They are used by reviewers for ranking things such as movies, TV shows, restaurants, and hotels. For example, one to five stars is commonly employed to categorize hotels.-Restaurant ratings:...
and 4 star
Star (classification)
Stars are often used as symbols for classification purposes. They are used by reviewers for ranking things such as movies, TV shows, restaurants, and hotels. For example, one to five stars is commonly employed to categorize hotels.-Restaurant ratings:...
hotels located throughout the mainland of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. The Elcot Park Hotel
Elcot Park Hotel
The Ramada Jarvis Hotel Newbury Elcot Park is a four star country hotel belonging to the Ramada Jarvis hotel chain, situated within of land in the locality of Elcot near Kintbury in the English county of Berkshire.- History :...
in Newbury was one of the hotels in this chain, along with multiple others in large locations such as Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
, Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Birmingham
Birmingham
Birmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 , and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a...
, Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
and Yorkshire
Yorkshire
Yorkshire is a historic county of northern England and the largest in the United Kingdom. Because of its great size in comparison to other English counties, functions have been increasingly undertaken over time by its subdivisions, which have also been subject to periodic reform...
.
The business was founded by John Jarvis who floated it on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1996 when it was valued at about £300 million. The company was taken private in 2003 in a management buyout
Management 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...
for £159 million.
Many of the Ramada Jarvis hotels in Britain have Sebastian Coe Health clubs. The clubs are also open to private memberships. They have full gyms and pools with steam rooms, saunas, spa and massage rooms and hairdressers.
Ramada Jarvis went into liquidation on 30th September 2011. 26 hotels were acquired by Jupiter Hotels Limited, a 50:50 joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
between Patron capital
Patron capital
Patron Capital Partners focuses on property-based investments throughout Europe. Through its three funds and related co-investments, Patron has invested and has committed capital of approximately €1.7 billion. Since 1999, the Funds have made over 55 investments involving approximately in 12...
and West Register, part of the Global Restructuring Group of the Royal Bank of Scotland Group. Those hotels have been re-branded Mercure
Mercure
Mercure may refer to:* MERCURE, an atmospheric dispersion modeling CFD code developed by Électricité de France* Mercure Hotels, a chain of hotels run by Accor* French ship Mercure * Dassault Mercure, a French airliner built in the 1970s...
under a franchise agreement with Accor
Accor
Accor is Europe's leading hotel group , part of the CAC 40 index , and operates in over 90 countries. Headquartered in Courcouronnes, Essonne, France, near Évry, France, the group owns, operates and franchises 4,229 hotels ranging from economy to luxury on five continents .Previously, the group...
. The joint venture investors are injecting £40m, with debt financing of £71m provided by RBS, HSBC and Bank of Ireland, which were the original lenders to Jarvis.