Macdonald Hotels
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Macdonald Hotels Ltd, formed in 1990 by Donald Macdonald, is a 3.7 star hotel company based in Bathgate, West Lothian, Scotland.[1]
Its main subsidiary, Macdonald Hotels and Resorts, owns or operates hotels and holiday resorts in the UK and Spain.
History[edit]
In 1990, Managing Director of Stakis hotels, Donald Macdonald, created Macdonald Hotels Ltd by purchasing two Scottish hotels. The company continued to grow through various acquisitions, including hotels formerly owned by De Vere hotels and The Rank Organisation, as well as managing resorts in Spain under time-share, through a contract with Barratt Developments.[1]
Macdonald Hotels was bought from shareholders by its management in 2003 in a management buyout facilitated by Bank of Scotland. The value of the transaction was £590 million.[2] It expanded rapidly with the purchase of some "Forte Heritage Hotels" from Forte Hotels after the latter's takeover by Granada plc. In March 2005 the company reported a 600% web revenue increase, owing the tangible increase to a new online marketing strategy.[3] In 2007 the company sold 24 hotels to Moorfield Real Estate Fund.[4] It subsequently bid for the Management Contract to continue running these hotels but lost out to AccorHotels.
List of hotels[edit]
References[edit]
- ^ a b Morrison, Alison J. (1999). Entrepreneurship in the hospitality, tourism and leisure industries. Mike Rimmington, Claire Williams. Oxford: Butterworth-Heinemann. ISBN 978-0-7506-4097-8. OCLC 474931006.
- ^ "All-clear for Macdonald Hotels' bid to go private". The Scotsman. 3 September 2003.
- ^ Gay, Richard (2007). Online marketing : a customer-led approach. Alan Charlesworth, Rita Esen. Oxford: Oxford University Press. ISBN 978-0-19-926585-5. OCLC 71238459.
- ^ "Macdonald raises £400m in hotels deal". The Scotsman. 28 January 2007.
External links[edit]
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