• Park Plaza takes control of London hotels

Park Plaza has taken full control of the Park Plaza Sherlock Holmes Hotel, Park Plaza Victoria Hotel and Park Plaza Riverbank Hotel.

The deal with Elbit Imaging, for a total consideration of £21m, sees it acquire all the interests – including related loans – which it did not not already own. The group previously owned 50% of Victoria and 55% of each of Grandis and Riverbank.

See the full release here:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10750924

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