Former Astor home turned luxury hotel floats to a premium on market deb ut
Friday 12 April 1996
The house is now owned by two businessmen, John Lewis and John Tham, who made the Royal Crescent Hotel in Bath a success and have a number of similar projects planned. Beeson Gregory were brokers to the float. The hotel made operating profits of pounds 1.4m on sales of pounds 6.4m to the end of October 1995. According to the prospectus, trading in the first 20 weeks of this year was "significantly ahead" of the same period last year.
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