The Savoy was a favourite rendezvous for brokers, bankers, bounders and Hollywood's best. And, for a time, it was a home away from home for the artist Claude Monet, stars Marilyn Monroe and Frank Sinatra, and Sir Winston Churchill.

True or False? Great ideas that died

The twentieth century has been shaped by a succession of beliefs and credos that have had tremendous influence on us all and then been proved to be false. Beliefs such as Soviet communism. The belief that the Tory party is the party of tax cuts. The belief that electrical goods made in Japan have comprehensible English instructions provided with them. The belief that if you start a part-work history and give away instalment Number Two FREE with Number One, then people will buy Number Three ...

Revenue backing boosts Exclusive sale

Granada wins hotel approval but loses interest in race classic

Thistle cautious over float price

Thistle Hotels took its cue from the recent postponement of Lonrho's hotel division spin-off and steered a cautious line on the pricing of its forthcoming flotation yesterday. Robert Peel, chief executive, restated his confidence that there would be plenty of demand, but the valuation range he unveiled was below more optimistic expectations earlier in the summer.

Principal Hotels to float this autumn

Principal Hotels, a UK operator of period hotels, is to seek a stock market listing later this autumn which will value the company at around pounds 100m.

Hotel breaks

2 nights for the price of 1

Lonrho 'aghast' at hotel float flop

Lonrho had to cancel the flotation of its Metropole and Princess Hotels group after its adviser, SBC Warburg, was unable to guarantee it could achieve an acceptable price for the business.

Hotel breaks with the

2 nights for the price of 1

Hotel breaks with

2 nights for the price of 1

Ladbroke deal reunites Hilton hotels

The City yesterday gave the thumbs-up to a worldwide alliance between leisure group Ladbroke and the Hilton Hotels Corp of the US that finally reunites the famous Hilton hotel brand after 32 years of separation.

Thistle joins growing list of hoteliers coming to the market

The hotel sector's rush to the stock market was joined by another heavyweight group yesterday as Thistle Hotels, London's biggest hotelier, confirmed its plans to float next month in an international placing and intermediaries offer.

Thistle Hotels set to announce pounds 1.5bn stock market float

Thistle Hotels is expected to announce plans for a stock market flotation this week that will value the 100-strong hotel chain at pounds 1bn- pounds 1.5bn, writes Nigel Cope.

New hotel group set for buying binge

Millennium & Copthorne, the recently floated hotel company, yesterday signalled a buying spree, saying it was prepared to spend up to pounds 150m on hotels to add to its portfolio of 23 properties in London, New York and Continental Europe.

New hotels yield Regal profits

The Investment Column

Modest rise for Jarvis debut

Investors expecting more instant profits from the new issues market were disappointed yesterday when shares in Jarvis Hotels managed only a modest premium on their first day of dealings.

Jarvis Hotels float to raise pounds 133m

Jarvis Hotels, the mid-market hotels group which specialises in leisure breaks, is to be priced at between 150p and 170p per share when it comes to the stock market later this month. The flotation will raise pounds 133m and value the company at pounds 281m at the mid-market price of 160p.
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