Coach firms merger would create 45-strong hotel chain

29 November 2004 by
Coach firms merger would create 45-strong hotel chain

Coach operators Shearings and Wallace Arnold could be poised to merge, in a deal that would make them the fourteenth biggest hotel chain in the UK.

As well as a fleet of 226 coaches, Wigan-based Shearings owns 36 hotels, while Leeds-based Wallace Arnold has a further nine.

If the two were to combine, the estate of 45 hotels would put them behind Thistle but ahead of Queens Moat Houses when it came to UK hotel brands.

Shearings last week confirmed that it was in talks with its rival, but insisted reports of a £100m takeover were premature.

Earlier this year Shearings investigated the possibility of floating on the Alternative Investment Market.

But this move was rejected by financial institutions, and has now led to talks between the two operators.

In a statement, Shearings conceded that with its market currently fragmented, "consolidation" was now an option.

The two companies had explored possible co-operation many times over the years, it said, meaning it was "natural" for discussions to take place.

But it added: "Any such discussions are purely preliminary at this stage."

Wallace Arnold issued a near-identical statement.

by Nic Paton

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking