Archives for September 17, 2009

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London’s Stafford Hotel sold for £77.5m

By Becky Paskin

The Stafford Hotel in St. James’s, London, has been sold to Britannia Hospitality, the UK arm of an Egyptian construction and tourism company, for £77.5m

Hotel industry 'over the worst' predicts report

By Emma Eversham

A report by PricewaterhouseCoopers suggests that the hotel market has seen the worst of the recession and should see the speed of decline slow at the beginning of 2010