Newcastle hotel operator set for portfolio growth

Written by Greg Parkinson

Hotel and bar operator Cairn Hotel Group has acquired Harrogate’s The Majestic Hotel and five other sites - adding a total of 665 rooms to the company’s existing £75m portfolio.

The latest announcement marks the largest acquisition for the family-owned company so far this year. It is the third to be completed in 2016 and follows a £101m refinance deal which was completed in May.

Finance Director for Cairn Hotel Group, Richard Warren, said: “This is an incredibly exciting move for us. We are continuing to break into new territories and penetrate new customer bases.

“Each of the hotels are completely unique and operating successfully. We see huge potential for them within The Cairn Group portfolio.”

Cairn Group also recently submitted plans to restore Birmingham’s Smallbrook Queensway, which is set to be transformed into the city’s third sky bar and restaurant.

 Back to Elevation News

View our latest vacancies


Quality Engineer

Location:
Tipton
Find Out More...

Quality Assurance Coordinator

Location:
Sheffield
Find Out More...

Buyer

Location:
Knaresborough
Find Out More...

Production Supervisor

Location:
Doncaster
Find Out More...