Europe’s largest hotel company to take over contracts of 100 budget chain sites
UK hotel operator will temporarily cut rents and move to monthly payments on some leases
Bankruptcy proceedings would enable hotel operator to keep sites open and pay landlords less
Voice broker supposed to be gung-ho not glum-ho: CVAs coming down the road
Goldman-backed hotel group claims it will go bankrupt without lower bills
Company says it will be ‘several years’ before revenues return to 2019 levels
Landlords reject call for 50% reduction, saying hotel group is using Covid-19 crisis to cut costs
Hotel chain fears it will run out of cash during lockdown
Budget UK hotel chain looks to expand despite warning of short-term economic challenges
Super-budget chain says revenue will be ‘materially ahead’
Budget hotel chain’s fortunes revived after extensive refurbishment programme
Any demerger of the outperforming coffee group will be expensive
International Edition