A U.S.-based hedge fund, disclosed a 6% stake in the Premier Inn owner on Thursday and immediately called for a strategic review.
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.
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 ...
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