https://www.breakingtravelnews.com/tags/tag/folio hotels/ Folio Hotels News en Breaking Travel News Copyright 2026 2026-07-02T06:46:14+00:00 https://www.breakingtravelnews.com/news/article/new-uk-hotel-group-formed/ https://www.breakingtravelnews.com/news/article/new-uk-hotel-group-formed/ 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. Wed, 02 Dec 2009 15:15:38 +0000 https://www.breakingtravelnews.com/news/article/btn20090112150933569/ https://www.breakingtravelnews.com/news/article/btn20090112150933569/ 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. Mon, 12 Jan 2009 15:09:35 +0000