Search:  Travel Weekly   Travel Industry
Log on / Register

News

virgin sells stake in luxury hotel

(21 February 2002)

VIRGIN Hotels is reported to have sold its majority stake in Raymond Blanc’s luxury Le Manor Aux Quat’ Saisons to Orient-Express Hotels in a deal worth £28 million.

Orient-Express has also acquired a 50% share in Blanc’s Le Petit restaurant chain.

Blanc will continue to run both businesses.

 

John Lavabre