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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Famous quotes containing the word history:
“We don’t know when our name came into being or how some distant ancestor acquired it. We don’t understand our name at all, we don’t know its history and yet we bear it with exalted fidelity, we merge with it, we like it, we are ridiculously proud of it as if we had thought it up ourselves in a moment of brilliant inspiration.”
—Milan Kundera (b. 1929)
“We aspire to be something more than stupid and timid chattels, pretending to read history and our Bibles, but desecrating every house and every day we breathe in.”
—Henry David Thoreau (1817–1862)
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—Sarah M. Grimke (1792–1873)