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USD100m Le Meridien rescue deal
- Thursday, July 31 - 2003 at 12:55
The Le Meridien hotels in the Middle East are part of a USD100m rescue package accepted by its bankers to create a new hotel company, effectively saving most of the group from bankruptcy. However, 11 hotels in the UK are being repossessed by the Royal Bank of Scotland, although this will not affect bookings or day-to-day operations for guests.
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Peter J. CooperThursday, July 31 - 2003 at 12:55 UAE local time (GMT+4)
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This article was updated on Thu Aug 07 2003.
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