South: Hotels bought after Pederson administration
The Crown Plaza Hotel, Reading, is one of four four-star hotels, owned by Pederson, that has been bought after the company went into administration.
The 122-bedroom Crowne Plaza, plus the Regency Park Hotel, Thatcham, and the Winchester Hotel, Winchester, have also been acquired – along with a hotel in Sheffield.
The Crowne Plaza has been bought by Redefine Hotels Reading (RHR) for £12.75 million. RHR is reported to be a subsidiary of Redefine International Hotels, which acquired five Holiday Inn hotels in London for £106m last summer.
The Winchester Hotel has been bought by Quantum Hotels, a wholly-owned subsidiary of private family company Carnarvon Hotels, while a wealthy overseas investor with an existing hotel portfolio in the UK is said to have acquired the Regency Park Hotel.
Pedersen was placed in administration by Grant Thornton in June 2010, while the sale of the Crowne Plaza Reading was handled separately.
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