Whitbread looks to capitalise on ‘distress’

Premier Inn, Frankfurt

Whitbread has signed up to 15 hotels in Germany through a transfer of leases, with a total investment of between €40 and €50m.

Alison Brittain said that the group was seeing “signs of distress in the competitive landscape”, which it hoped to take advantage of.

Brittain said: “During September we started to see local retractions and lockdowns introduced, as such the near-term environment is challenging. In the short-term the extension of local and regional lockdowns drives uncertainty

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