Queens Moat Houses

Queens Moat Houses PLC was a British public limited company engaged primarily in the hotel business.

Queens Moat Houses
IndustryHotels
FateAcquired by Goldman Sachs
FounderJohn Bairstow
DefunctAugust 2, 2004 (2004-08-02)
Headquarters
Britain
Key people
    • David Howell, Non-exec Director
    • John Gale, Non-exec Director
    • Martin Marcus, Deputy Chairman
    • Steve Marshall, Chairman

History

Queens Moat House Hotels was founded in the early 1970s by John Bairstow.[1] By 1991, the company was the third largest hotelier in the United Kingdom, after Forte Group and Mount Charlotte.[1] On 31 March 1993, trading in its shares was suspended after an accounting scandal.[2][3] The company was subsequently investigated under Section 432(2) of the Companies Act 1985. In 1997, the company sold 25 hotels.[4] The company was bought by Goldman Sachs in August 2005 and renamed QMH Limited.[3][5] In October 2005, 9 hotels were sold for approximately £100m.[6] In February 2013, 20 German hotels were sold to Fattal Hotels, an Israeli company.[3] In 2014, 11 hotels were sold to Marathon Asset Management.[3]

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References
  1. "The Failure of Queens Moat House I" (PDF). London Business School. 11 February 1997.
  2. Osborne, Alistair (19 June 2004). "Queens Moat directors 'corrupted by cleverness'". The Daily Telegraph.
  3. Harmer, Janet (August 8, 2014). "Eleven QMH hotels acquired by Marathon Asset Management". The Caterer.
  4. "Queens Moat sells 25 hotels". The Independent. 11 February 1997.
  5. Osborne, Alistair (3 August 2004). "Takeover gives Queens Moat holders 1p a share". The Daily Telegraph.
  6. Chesters, Laura (7 October 2005). "Nine Queens Moat Houses hotels sell for £100m". Property Week.(subscription required)
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