History
Macdonald Hotels was bought from shareholders by its management in 2003 in a management buyout facilitated by Bank of Scotland The value of the transaction was £590 million. It expanded rapidly with the purchase of some "Forte Heritage Hotels" from Forte Hotels after the latter's takeover by Granada plc. In 2007 the company sold 24 hotels to Moorfield Real Estate Fund. It subsequently bid for the Management Contract to continue running these hotels but lost out to Accor Hotels.
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