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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.

Mice go chomping at the Savoy

The Savoy Hotel in the Strand is where Placido Domingo stays, Lord Hanson deals over lunch, and Lord Archer peddles his charisma. It is the stop-over for businessmen in global markets, but it has been taking in some uninvited guests, writes Clare Garner. These are registered only by pest controllers who have been invited by the hotel management to deal with a small plague of mus musculus, better known as the common house mouse.

Jarvis Hotels to spend more on health clubs

Jarvis Hotels, which paid pounds 16m for three hotels in January, is to undertake a pounds 30m capital expenditure programme over the next 18 months to extend its existing buildings and add more leisure clubs.

Macdonald has room for growth

Reservations about the lacklustre regional hotel sector have tainted sentiment surrounding Macdonald Hotels, the Scottish-based group which floated at 145p in March last year. The group's shares hit a 231p high in February before falling to 167p, prompted in part by the house broker Cazenove downgrading full-year forecasts.

Stakis to focus on four-star market after hotel sell-off

Stakis, the hotel and leisure group which bought the Metropole hotels from Lonrho last November, is to sell eight of its portfolio as it moves to concentrate solely on the four-star sector. Stakis plans to use the proceeds to invest in all three of its operations - hotels, casinos and its new health and leisure division.

Sir John Egan claims hotel prices threaten London's tourist trade

Inflation-busting price increases over the last three years by hoteliers in the capital could result in the loss of business to other European cities, warns Sir John Egan, chairman of the London Tourist Board.

Thistle Hotels profits up 73%

Thistle Hotels disappointed the City despite announcing profits 73 per cent ahead at pounds 60.1m in its first full-year figures since coming to the market last October. Its shares closed 8p lower at 198p.

Queens Moat sells 25 hotels

The struggling Queens Moat Houses company yesterday sold 25 hotels for pounds 91.5m to a group of managers backed by Hambro European Ventures. The company has now sold all but 51 of its UK hotel portfolio in an attempt to cut debts.

Granada content to delay hotel sales

Gerry Robinson, chairman of Granada, the media and leisure group, yesterday gave his strongest hint yet that he was in no hurry to complete the sale of the luxury Exclusive hotel chain, despite setting a self-imposed deadline for the disposals of "early 1997".

Compensation for Manning jibes

Two black waitresses who claimed they were the victims of racist jokes by the comedian Bernard Manning won compensation yesterday in an out-of-court settlement.

Scottish Highland Hotels profits fling

Scottish Highland Hotels met the forecasts it made at the time of last November's flotation, reporting pre-tax profits for the year to October of pounds 2.13m, a 50 per cent increase on the previous year. The company's shares, which were placed at 125p, closed 2.5p higher yesterday at 152.5p.

We think it's time you went away

Hotel breaks: 2 nights for the price of 1

We think it's time you went away

Hotel breaks: 2 nights for the price of 1

RIP: Marine rests in pub

Friends of former Royal Marine Kenny Brown yesterday carried out his final wish by spreading his ashes outside the pub he loved best.

Scottish Hotels presses ahead: The Investment Column

Scottish Highland Hotels shrugged off the shelving last week of rival Principal Hotels' planned flotation. It is pressing ahead with its own market debut next month and yesterday signalled its confidence by sticking with the placing price of 125p a share it settled on in September.

Brewers rally against property depreciation plan

Brewers and hotel chains are expected to lobby against proposals from the Accounting Standards Board for tightening up on the valuation of tangible fixed assets.
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