History
Vaux Breweries was renamed Vaux Group in the 1990s as the company diversified into hotels and care homes. The hotels traded as Swallow Hotels and the company was finally named The Swallow Group.
In the late 1990s, the brewery side of the business was in trouble and the Swallow Group tried to sell it off. Due to internal wranglings (profitability issues), the breweries failed to sell and the pub estate was placed on the market.
Whitbread plc stepped in and acquired the Swallow Group in January 2000.
The Swallow brand was subsequently purchased in 2003 by London Inn Group (founded in 1996) from Whitbread. The hotels traded under the name London & Edinburgh Inns Ltd and went into Administration on 14 September 2006.
The Flodrive Group bought 160 tenanted pubs, 45 managed pubs and 45 hotels. Crerar Hotels acquired the Swallow brand name and 26 of the hotel leases, of which the hotels were owned by RIET Asset manangement (under the name Brentwood Hotels limited) (13 hotels) Prupim asset management (5 hotels) and Matrix asset management (6 hotels). Other buyers included Brook Hotels (6), Legacy Hotels (3), Folio Hotels (3) and Q Hotels (1).
On 4th August 2009 the Stockton-on-Tees Swallow Hotel closed, as the administrators 'could not trade the hotel profitably'.
Read more about this topic: Swallow Hotels
Famous quotes containing the word history:
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)
“... in a history of spiritual rupture, a social compact built on fantasy and collective secrets, poetry becomes more necessary than ever: it keeps the underground aquifers flowing; it is the liquid voice that can wear through stone.”
—Adrienne Rich (b. 1929)
“Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
—Mao Zedong (1893–1976)