Restaurants | Hotels | Pubs & Bars

FREE Digital Edition of Restaurant magazine now available to view. Click here for free access!

News

Business
Venues
Events & Awards
People
Trends & Reports
Legislation
New Products
All news

News > Business

Regent Inns buys 31 Old Orleans restaurants from Punch Taverns

By BigHospitality Writer , 30-Aug-2006

Related topics: Business

Regent Inns has bought 31 Old Orleans restaurants from Punch Taverns for £26million. Of the estate, 27 are short leasehold. The cash proceeds from the sale will be used to reduce debt. Chief Executive of Punch Taverns, Giles Thorley, said, ...

Regent Inns has bought 31 Old Orleans restaurants from Punch Taverns for £26million.

Of the estate, 27 are short leasehold. The cash proceeds from the sale will be used to reduce debt.

Chief Executive of Punch Taverns, Giles Thorley, said, "The sale of Old Orleans follows a successful and active auction process which we launched in May of this year. The transaction is in line with our strategy to simplify the managed-house business following the acquisition of Spirit in January 2006."

The transaction is expected to complete in September after approval from Regent Inns' shareholders.

Copyright - Unless otherwise stated all contents of this web site are © 2013 - William Reed Business Media Ltd - All Rights Reserved - For permission to reproduce any contents of this web site, please email Robert Proctor - Full details for the use of materials on this site can be found in the Terms & Conditions

Latest news in Business

BigHighlights

Arie van der Spek: Pearls of Wisdom

Arie van der Spek: Pearls of Wisdom

After a long career in the hotel industry, which included a stint with IHG as a chief...
#SocialRestaurant: How to use Twitter effectively

#SocialRestaurant: How to use Twitter effectively

They’re all on it. Big national chains, high-profile chefs and small emerging brands across the UK have...
Business Profile: Kimchee

Business Profile: Kimchee

After the phenomenal success of Holborn’s Kimchee restaurant, Wasabi owner Dong Hyun Kim is bringing Korean food to...
World's 50 Best Restaurants 2013: El Celler de Can Roca video interview

World's 50 Best Restaurants 2013: El Celler de Can Roca video interview

Joan Roca, the co-founder and head chef of El Celler de Can Roca, has told BigHospitality he...
David Connell: Career Profile

David Connell: Career Profile

David Connell is a prime example of good old-fashioned hard work paying off. Having worked at various...

Most Popular News

  1. Jamie Oliver launches new restaurant concept: Jamie Oliver's Diner
  1. Free-range chicken and egg restaurant to open in London
  1. Just Falafel plans to open 200 UK restaurants within five years
  1. BDL and Redefine merger forms UK's largest independent hotel management company
  1. #SocialRestaurant: How to use Twitter effectively

Find us on Facebook

Audio & video news

#SocialRestaurant: How to use Twitter effectively
World's 50 Best Restaurants 2013: El Celler de Can Roca video interview
The World's 50 Best Restaurants Awards 2013: In pictures

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition

Monthly business Magazine of the year

Pub news and property

M&C Report

The Grocer - Grocery retail news

Food manufacturing news

Contact us | About us | Advertise with us | Recommend this Site | Terms & Conditions | Privacy and Cookie Policy | Site map | Feeds

Jobs: Restaurant Jobs | Hotel Jobs | Pub Jobs | Hospitality Jobs

© William Reed Business Media Ltd 2013. All rights reserved. William Reed Business Media Ltd. Registered Office: Broadfield Park, Crawley RH11 9RT
Registered in England N°. 2883992. VAT N°. 644 3073 52.