Queens Moat reduces debt and plans image overhaul
Technogym
Technogym
Technogym
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
star job
RockReef Ltd
Competitive DOE
Bournemouth
star job
Capita Plc.
£20,174pa
Moreton-in-Marsh, Gloucestershire
Winchester City Council
£39,571 - £44,624pa
Winchester, Hants.
star job
Outspoken Training
£12 per hour + holiday pay
Oxfordshire

Queens Moat reduces debt and plans image overhaul

Job opportunities
Lake District National Park
c£20,500pa + pension + great benefits
location: Brockhole on Windermere, Lake District, United Kingdom
Highgate School
£28,000pa
location: Highgate, North London, United Kingdom
more jobs

Hotel group, Queens Moat Houses, is to embark on a rebranding programme following the announcement of annual results that have proved better than expected. Some £150m will be invested in refurbishing properties and lifting brand awareness to shed its stoic image and to target a more informal and larger slice of the corporate market. In the year to 31 December 2000, pre-tax profits fell 20 per cent to £17.5m, however the company paid off £131m in debt to reduce the figure to £626m with no repayments for four years. When the current management took over Queens Moat in 1993, net borrowings peaked at £1.4bn. Underlying trading profits rose 10.2 per cent to £115.6m, led by strong performance in Queens Moat's Dutch and German hotels. Chief executive, Andrew Coppel, says the results indicate Queens Moat is in a much stronger position for development: These are very positive results. The business is in good shape and we now have a much-improved balance sheet. The outlook is encouraging, and, together with our investment programme, should continue to underpin the group's progress. Queens Moat Houses operates has 12,500-beds across 90 hotels in the UK, Germany and The Netherlands.

Sign up for FREE ezines & magazines
Hotel group, Queens Moat Houses, is to embark on a rebranding programme following the announcement of annual results that have proved better than expected.
,HHR,COM,
blanknews.gif

More News

1 - 15 of 43,658
19 May 2022
Following a history of supporting US military and service members, F45 has also announced a new initiative called F45 After, which offers US military personnel ... More
19 May 2022
Scruffy Dog Creative Group and Simtec Systems have partnered to launch a new immersive trackless dark ride featuring the popular Mattel IP, Fisher-Price. The ride's ... More
18 May 2022
Hyatt is piloting private gyms in five of its US hotels as part of its Stay Fit Private Fitness programme. The exercise spaces are located ... More
17 May 2022
A young girl has died following an incident at the David Lloyd gym at Capability Green, Luton. According to the BBC, police were called to ... More
17 May 2022
New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq ft (280sq m) micro-gym, run by franchisee Liz Benjamin, will ... More
16 May 2022
Active Nottingham, part of Nottingham City Council, has released a children’s book called Can We Splash? to encourage more parents to take children swimming. The ... More
Fitness On Demand
Fitness On Demand
13 May 2022
The new £42m Moorways Sports Village will open its doors to the public on Saturday 21 May. The community-focused development is the result of a ... More
11 May 2022
Fitness industry veteran Harm Tegelaars has returned to the fitness industry by joining the board of directors at Hussle. Tegelaars founded the Cannons Group in ... More
11 May 2022
Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent (to US$186.7m) on 2021 – the latest sign that the US fitness market ... More
10 May 2022
Sport England and UK Active have signed a five-year partnership agreement which will see the two organisations tackle inequalities within the sport and physical activity ... More
10 May 2022
Planet Fitness is offering high-school students free access to any of its 2,200 locations in the US and Canada from 16 May to 31 August. ... More
10 May 2022
A visitor attraction celebrating the history of the Scottish parish of Gretna Green – and its heritage as a destination for 'runaway marriages – has ... More
Les Mills
Les Mills
09 May 2022
How can organisations, including health club and leisure businesses, decarbonise, generate clean energy and harness attitudes of 'energy sobriety' to reduce CO2 emissions? These are ... More
06 May 2022
Being physically active can counter the damage of diabetes by enabling the activation of a natural system that grows new blood vessels. Diabetes not only ... More
06 May 2022
Altis, an artificial intelligence-based personal trainer solution, has secured more than US$3m worth of financing, bringing the total investments made in the fit tech brand ... More
1 - 15 of 43,658
Technogym
Technogym