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JUNE 3, 2003 at 11:19 AM
From The Herald
and The Scotsman:
The Milton Hotel group, which had hoped Harry Potter's magic wand might conjure a financial turnaround, yesterday agreed to sell the remainder of its loss-making chain to Portland Hotels for between £2m and £3m.
Last month, production crews for Harry Potter and the Prisoner of Azkaban, the forthcoming third film in the series about the adventures of the boy wizard, had made long-term bookings at its two hotels in Fort William, which the company had hoped would help turnaround its fortunes.
Read more at the link. Thanks again to Geri for the tip.
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Student
Points: 203
goofie says:
Ha,Ha,Ha thats what they get for trying to use harry potter for profit
Posted Jun 4, 2003 at 12:28 AM EST
Student
Points: 213
zaahn says:
im a sucker for sad endings - poor Milton Hotel Group... :(
Posted Jun 4, 2003 at 2:12 PM EST
Prefect
Points: 390
OliverPavo says:
I think the hotel should have use HP for money and it their fault they didn't earn any money. I do pitty them too.
Posted Jun 4, 2003 at 9:57 PM EST
Points: 1450
Gopotter2004 says:
That's really too bad. Personally, I say use whatever you can to get money... businesses are struggling across the board. It's unfortunate!
Posted Jun 4, 2003 at 9:58 PM EST
Student
Points: 233
danfan89 says:
That is too bad, really. I feel bad that they didn't survive in the business, but there really are too many hotels in that area...
Posted Jun 5, 2003 at 8:03 PM EST
Auror
Points: 2303
padfoot5312 says:
“hotel chain had been pulled into the red by the cost of opening its flagship Glasgow operation…” Sad that this didn’t work for them. Having started it after WWII - 50 years it was doing ok, then to lose it by trying to open another hotel. It’s great for the employees not to lose their jobs.
Posted Jul 31, 2003 at 12:39 PM EST