Queens Moat Houses PLC was a British public limited company engaged primarily in the

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

business.

History

Queens Moat House Hotels was founded in the early 1970s by John Bairstow. By 1991, the company was the third largest hotelier in the United Kingdom, after Forte Group and Mount Charlotte. On 31 March 1993, trading in its shares was suspended after an

accounting scandal Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language ...

. The company was subsequently investigated under Section 432(2) of the Companies Act 1985. In 1997, the company sold 25 hotels. The company was bought by

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

in August 2005 and renamed QMH Limited. In October 2005, 9 hotels were sold for approximately £100m. In February 2013, 20 German hotels were sold to Fattal Hotels, an Israeli company. In 2014, 11 hotels were sold to

Marathon Asset Management Marathon Asset Management, LP is an investment manager focused on opportunistic investing in credit and fixed income markets globally. Marathon manages a family of investment programs principally focused on credit strategies including hedge funds, ...

References

Hospitality companies of the United Kingdom {{UK-hotel-stub