Principal Hotel Company is a British hotel and conference venue operator headquartered in Harrogate, England. Principal Hotel Company advertises that it was established in 1898, as that is the year the oldest hotel in its chain, Kimpton Fitzroy London Hotel, opened, under unrelated ownership. The modern Principal Hotel Company was founded in 1984. In 1992, when the chain had 18 properties, it went bankrupt during a recession. Two years later, in 1994, a former operations director of the chain, Tony Troy, led a management buyout for £68 million by Bridgepoint Capital. In 2001, Principal Hotels was sold to Nomura International Plc for £255 million, with Troy staying on as managing director. Nomura had just bought Le Méridien and rebranded the hotels to that chain. More information...
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