UK hotel operator Peel Hotels has reached agreement on the sale of the Avon Gorge Hotel in Bristol for £15.5 mln (EUR 23 mln) and an unspecified Bradford property for an additional £2 mln (EUR 3 mln). The firm said it will be totally debt-free after completion of the transactions. Peel Hotels also reported a 2.2% increase in turnover for the six months to 26 August.
UK hotel operator Peel Hotels has reached agreement on the sale of the Avon Gorge Hotel in Bristol for £15.5 mln (EUR 23 mln) and an unspecified Bradford property for an additional £2 mln (EUR 3 mln). The firm said it will be totally debt-free after completion of the transactions. Peel Hotels also reported a 2.2% increase in turnover for the six months to 26 August.