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Premier Inn Limited is a British limited service hotel chain and the UK's largest hotel brand, with more than 800 hotels, with over 72,000 rooms. It operates hotels in a variety of locations including city centres, suburbs and airports, competing with the likes of Travelodge and Ibis hotels.
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In the reorganization that followed, Weidely and Smith purchased the Premier engine factory and established Weidely Motors Company for the manufacturing of automobile engines. An Illinois banker named F. W. Woodruff, headed a syndicate that arranged to pay the Premier company's debts and set-up the Premier Motor Car Company. [2]
A predecessor company was founded in 1984. In 1992, when the chain had 18 properties, it went bankrupt during a recession. [3] Two years later, in 1994, a former operations director of the chain, Tony Troy, led a management buyout for £68 million by Bridgepoint Capital. [4]
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Premier Ltd [4] (formerly known as The Premier Automobiles Limited) [5] was an Indian automotive manufacturer company, based in Mumbai. [6] The company was owned by the Walchand Group and was established by Walchand Hirachand as Premier Automobiles Ltd (PAL) in 1944 with the encouragement and support of Sir. M. Visvesvaraya .