Macdonald puts UK property up for sale
One of Abingdon’s top hotels the Thames-side Upper Reaches is up for sale — only two-and-a-half years after it last changed hands. The Upper Reaches is one of 15 hotels being sold by the Scottish hotel chain Macdonald.
It wants to reduce its portfolio of smaller establishments and concentrate on larger hotels in big towns and cities. Macdonald’s chief executive Patrick Dempsey said: ‘The hotels we are selling are good businesses in their own right.’