• Puma rebrands
Puma Hotels has rebranded its 21 strong UK chain as The Hotel Collection. Chief executive Frederik Korallus said the move puts the focus on the strengths of the individual hotels in the portfolio.

Puma regained control of the hotels in 2012, after operator Barcelo pulled out of a lease agreement signed in the boom years. Puma remains encumbered with substantial debts, owing more than GBP300m to IBRC, a debt that was sold to Lone Star earlier this year.
 
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