Whitbread in Premier Inn Germany push
WHITBREAD has invested an estimated £250m acquiring 19 hotels in Germany as it targets global expansion for Premier Inn.
The exact value of the deal with Foremost Hospitality, which includes leases for 13 open hotels and six in the pipeline, was not disclosed. However, analysts at Barclays priced it at around £250m, which they called "OK" but not "cheap".
The agreement throws weight behind plans to expand Premier Inn in Germany. In addition to the one hotel already operating in Fra...