Last Friday's AGM produced no news about a takeover/merger but more importantly the latest quarterly figures gave REVPAR growing at 7.7%in the UK and 5.9% globally which points to another hike in profits and dividend later this year with a possible extra payment from the sale of the Hong Kong property.
We remain a firm investor in this section of the hotel industry with the share price at an attractive level of £28.20 and more hotels opening monthly.