A U.S.-based hedge fund, disclosed a 6% stake in the Premier Inn owner on Thursday and immediately called for a strategic review.
Corvex Management urged Premier Inn owner Whitbread to review its strategy and 3.5-billion-pound ($4.68 billion) capital plan on Thursday, citing a gap in valuation after recent UK budget changes ...
In 2022, it was announced that the new hotel would be a Premier Inn. Amended plans for a 187-bed hotel were submitted in October 2023, and approved by Brighton and Hove City Council on March 13, 2024.
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