Duff & Phelps Successfully Completes Restructuring of UK Group of Hotels Plc and Subsidiaries

Paul Clark, David Whitehouse and Paul Williams, Managing Directors of Duff & Phelps, the premier global valuation and corporate finance advisor, have completed the financial restructuring of UK Group of Hotels Plc (“the Group”) and its subsidiaries on 11 September 2014.

UK Group of Hotels Plc was placed into administration on 4 August 2014 to assist the restructuring of banking facilities. During the process it became apparent that the subsidiary companies of the Group were burdened with debt they could not service and placing them into administration was felt to be the best option to assure the long term success of the hotels. The business and assets of the subsidiary companies in administration were subsequently sold, but will continue to trade as The Hotel Collection, with no change to the existing services on offer to the public. As a result of the restructuring, The Hotel Collection in its new corporate structure is now positioned to commence reinvestment in existing assets and explore strategic growth opportunities under the newly strengthened leadership team.

Paul Williams, Managing Director of Duff & Phelps commented, “UK Group of Hotels plc and its subsidiaries underwent a very successful financial restructuring process, which leaves The Hotel Collection in a stronger position to carry its business into the future. We are pleased that during the process all subsidiaries carried on trading as normal, retaining jobs for all of the 2,200 staff and preserving ongoing business for all suppliers, both nationally and locally. All bookings and deposits will be honoured and customer service will be unaffected by the financial restructuring. The Hotel Collection under its new corporate structure continues to enjoy the support of its lender and the enhanced management team and better financial position will secure growth in revenue and market share for the company.”

About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute consulting, M&A and restructuring. The firm’s more than 1,000 employees serve a diverse range of clients from offices in North America, Europe and Asia. For more information, visit www.duffandphelps.com.
M&A advisory, capital raising and restructuring services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd., which is authorized and regulated by the Financial Conduct Authority.

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Smithfield Consultants 
020 7360 4900 
ukgroupofhotels@smithfieldgroup.com

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