Queens Moat Houses

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Queens Moat Houses
IndustryHotels
FounderJohn Bairstow
DefunctAugust 2, 2004 (2004-08-02)
FateAcquired by Goldman Sachs
Headquarters
Britain
Key people
    • David Howell, Non-exec Director
    • John Gale, Non-exec Director
    • Martin Marcus, Deputy Chairman
    • Steve Marshall, Chairman

Queens Moat Houses PLC was a British public limited company engaged primarily in the hotel business.

History

Queens Moat House Hotels was founded in the early 1970s by John Bairstow. [1] By 1991, the company was the third largest hotelier in the United Kingdom, after Forte Group and Mount Charlotte. [1] On 31 March 1993, trading in its shares was suspended after an accounting scandal. [2] [3] The company was subsequently investigated under Section 432(2) of the Companies Act 1985. In 1997, the company sold 25 hotels. [4] The company was bought by Goldman Sachs in August 2005 and renamed QMH Limited. [3] [5] In October 2005, 9 hotels were sold for approximately £100m. [6] In February 2013, 20 German hotels were sold to Fattal Hotels, an Israeli company. [3] In 2014, 11 hotels were sold to Marathon Asset Management. [3]

References

  1. 1 2 "The Failure of Queens Moat House I" (PDF). London Business School. 11 February 1997.
  2. ↑ Osborne, Alistair (19 June 2004). "Queens Moat directors 'corrupted by cleverness'". The Daily Telegraph.
  3. 1 2 3 4 Harmer, Janet (8 August 2014). "Eleven QMH hotels acquired by Marathon Asset Management". The Caterer.
  4. ↑ "Queens Moat sells 25 hotels". The Independent. 11 February 1997.
  5. ↑ Osborne, Alistair (3 August 2004). "Takeover gives Queens Moat holders 1p a share". The Daily Telegraph.
  6. ↑ Chesters, Laura (7 October 2005). "Nine Queens Moat Houses hotels sell for £100m". Property Week.(subscription required)


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