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Save & Prosper UK Growth & Income Fund

Save & Prosper UK Growth & Income Fund

3e3eBass has transformed in recent years into a leisure company by selling its smaller pubs for £2.3bn. Its future strategy is based on expanding its hospitality businesses, mainly hotels. To reflect the fact that it is one of the world’ s largest hotel companies, with a broad geographic ... Read review

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SIx Continents

Advantages: More to come
Disadvantages: economice climate

3e3eBass has transformed in recent years into a leisure company by selling its smaller pubs for £2.3bn.

Its future strategy is based on expanding its hospitality businesses,
mainly hotels. To reflect the fact that it is one of the world’ s largest hotel companies, with a broad geographic spread of operations, the company has changed its name to Six Continents. Its main hotel brands are Inter-Continental, Holiday Inn, ...
...expected to contribute over 50 per cent of
operating profits.

The interim results showed that the hotels operations had suffered from a slow down in the US economy and, in the UK, from the foot & mouth outbreak, which had affected profits in its London hotels. The US slowdown is continuing to have an impact and the latest data suggests that revenues per available room in the second half will be lower than last year.

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Virgin 03.08.2001
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