Thistle Hotels, run by glh., is a UK-based hotel company with a portfolio of 7 Central London hotels, one at London Heathrow and one in Dorset, operating in the three and four star sector. It was set up by Scottish & Newcastle in 1965, to combine its own traditional legacy hotels with purpose built hotels. Mount Charlotte Investments bought thirty four Thistle hotels from S&N, and acquired the Thistle brand name for £645m in November 1989. During the subsequent recession, the debt taken on to fund the transaction became unsustainable, resulting in Mount Charlotte being taken over by Brierley Investments of New Zealand for £664m in 1990. More information...
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