Groups set out growth strategies

Hayhurst, Lee
September 2005
Travel Weekly: The Choice of Travel Professionals;9/16/2005, Issue 1787, p23
Trade Publication
This article reports that Hotel Du Vin is to target expansion in British university and cathedral towns in the north while parent brand Malmaison could seek to enter the U.S. market, according to chief executive Robert Cook. In July, the combined group secured £105 million from backers HBOS and the Royal Bank of Scotland PLC to increase the number of properties from 16 to 25. Cook said it could consider a future expansion, raising funds from an initial public offering of shares on the stock market.


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