27 Mar 2006

DELANCEY ANNOUNCES HILWOOD RESORTS & HOTELS

Delancey is pleased to announce that it has formed a joint venture partnership with two leading names in the independently managed hotel sector to establish Hilwood Resorts and Hotels (“Hilwood”), a new company which will aim to acquire and operate a portfolio of hotel investments in the premium four and five star areas of the UK hotel sector.

Delancey’s experience in real estate and funding will complement the hotel and management skills of Hilwood’s new joint managing directors, Gregor Ritchie, most recently former Operations Director of Hand Picked Hotels Limited, and Arvinder Walia, former Group Finance Director of Hand Picked Hotels Limited.

For more information please download our Press Release below.