LateRooms snapped up by Indian group

INDIAN leisure business Cox & Kings has snapped up Mancheste-based LateRooms for £8.5m, a fraction of the £108m its previous owner, First Choice, paid for it in 2006.

Cox & Kings, which already owns Cheshire-based Holidaybreak the education holidays provider,  said the acquisition of the business was in line with its goal of beefing-up its online presence and its business to consumer proposition.

German holiday giant TUI Group - which  merged with First Choice in 2007 - put LateRooms up for sale in May as ... You can carry on reading 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...