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Whitbread is a British multinational hotel and restaurant company headquartered in Houghton Regis, England.The business was founded as a brewery in 1742 by Samuel Whitbread in partnership with Godfrey and Thomas Shewell, with premises in London at the junction of Old Street and Upper Whitecross Street, along with a brewery in Brick Lane, Spitalfields.
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Whitbread ran more than 50 David Lloyd Leisure (DLL) clubs in the UK with a further number in Spain, the Netherlands and Belgium. However, by the mid-2000s, the business was giving Whitbread a poor financial return, [5] and on 2 August 2007 they sold it to London & Regional Properties and Bank of Scotland for £925 million. Whitbread used the ...
The company was established by Whitbread as Travel Inn in 1987, to compete with Travelodge. Whitbread bought Premier Lodge in July 2004 and merged it with Travel Inn to form the current business under the name Premier Travel Inn, which was then shortened to the current name in October 2007. Premier Inn accounts for 70% of Whitbread's earnings.
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Elliott, which disclosed a 6 percent stake in the FTSE 100-listed group at the weekend, agrees with fellow activist Sachem Head that Whitbread should split into two but differs on the best way to ...
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In July 2006, Mitchells & Butlers purchased 239 pub restaurants (Beefeater and Brewers Fayre without a Premier Inn) from Whitbread for £497 million to strengthen its food business ahead of the introduction of a smoking ban in enclosed public spaces in England in 2007. [18] It had first announced its interest in April 2006. [19]