UK leisure firm pulls out of hotel auction

British leisure firm De Vere has pulled out of the bidding war for budget hotel chain Premier Lodge, it announced tonight.

Tue, 01 Jun, 2004 - 19:32

British leisure firm De Vere has pulled out of the bidding war for budget hotel chain Premier Lodge, it announced tonight.

De Vere dropped out of the £500m (€750m)-plus auction amid concerns over the cost of the acquisition.

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