East Midlands hotels sold out of administration as part of £246m deal
Hilton Hotels in Nottingham and at East Midlands Airport have been sold out of administration as part of a £246m deal.
The hotels were part of the remaining properties of the Zinc Hotels portfolio and have been bought by a number of special purpose vehicles controlled by Vivion Investments.
Property developer Vincent Tchenguiz’s Zinc Hotels snapped up the hotels in 2002 for £335.7m and leased them back to Hilton, which initially retained a 40% stake in the properties.
Then, in 2006, Hilton offloaded the rest of the intere... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...