Queens Moat Houses

From Wikipedia, the free encyclopedia

Queens Moat Houses PLC is a British public limited company engaged primarily in the hotel business.

It came to public attention after the suspension of its shares on March 31, 1993 consequent upon significant financial difficulties which precipitated a spectacular collapse. The company was subsequently investigated under Section 432(2) of the Companies Act 1985. Queens Moat House was bought by Goldman Sachs in August 2005. They then sold nine hotels. The twenty hotels that remained have changed to either Holiday Inn, Crowne Plaza or Best Western.

[edit] References

• Queens Moat Houses plc: Investigation under section 432(2) of the Companies Act 1985 (PDF) (Adrian Burn FCA and Patrick Phillips QC, Department of Trade and Industry)
• A note on the investigation on the website of the Royal Institution of Chartered Surveyors
• A Daily Mail article on the collapse.