Dawnay Shore appoints financial advisers to oversee strategic review

13 November 2006
Dawnay Shore appoints financial advisers to oversee strategic review

Dawnay Shore Hotels has appointed financial advisers to undertake a strategic review of the company's business.

NM Rothschild & Sons and Shore Capital and Corporate have been appointed as joint financial advisers to look into the possible benefits of transferring the company's property assets into a REIT or to sell the company as a whole.

The review is being undertaken to ensure that the company assets are delivering the best possible shareholder value.

The Hotel Corporation owns 49.9% of Dawnay Shore hotels which runs 20 four-star regional hotels operating under the Paramount brand, including the Lygon Arms, the Paramount Carlton Hotel and the Paramount Oxford Hotel

Dawnay Shore to expand to 4,000 rooms in five years >>

Paramount rebrands its hotels >>

Paramount strengthens management team >>

By Emily Manson

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