Folio Hotels News

Akkeron Hotels: New UK hotel group formed

Akkeron Hotels: New UK hotel group formed

2nd Dec 2009 in Hotel News

A new hotel group called Akkeron Hotels has been formed following the purchase of eight former Folio hotels. The new group intends to build up a portfolio of up to 150 regional hotels across the UK. → Read More

MBO saves Folio Hotels

Press Release | 12th Jan 2009 in Hotel News

A management buyout has saved 1,200 jobs at Folio Hotels, the UK hotel chain which went into administration last month.The group, which operated 36 hotels across the UK and a turnover of £70m, blamed high rents and an expensive refurbishment programme for its difficulties. It also said it was burdened with big rents that were negotiated at the height of the market. → Read More

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