New Owners of Scotsman Hotel See Surge in Profits

The ScotsmanApril 19, 2006

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Summary


JJW Hotels, the company which bought the Scotsman Hotel in January this year, has posted a massive jump in turnover and profits which it claims put it on target to join the world's top luxury hoteliers.

The company has also transferred the recently refurbished Berners Hotel in London's West End to the Edinburgh-managed Scotsman Hotel Group, for which it paid GBP 63 million in January.

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Extract


New Owners of Scotsman Hotel See Surge in Profits

A subsidiary of MBI, the multinational owned by Saudi businessm...

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