Tosca Penta Investment looks poised to resurrect its interest in Von Essen Hotels following the group’s collapse into administration.
The City fund manager broke off talks in February to buy a stake in the country house hotel operator. It is believed to be among several private equity firms, high net-worth individuals and sovereign wealth funds eyeing the business. They are thought to include Robert Breare, who once ran the company behind Malmaison Hotels. Orient-Express Hotels is thought to be interested in cherry-picking. Former owners of individual hotels are also said to be looking at buying them back.
22/04/11 Times 56, 59, 65
Daily Telegraph B4
Guardian 34
