Le Méridien fate to be known soon
Staff at the 11 Le Méridiens owned by the Royal Bank of Scotland are expected to hear in the next few weeks which company will be running the hotels. Hilton Group has confirmed that it is in talks to be the new manager of the Waldorf in London. This hotel was put into receivership along with the Grosvenor House earlier in the summer after Le Méridien failed to make its rental payments. Hilton said that it would make an announcement as soon as appropriate but it expects to drop Le Méridien’s branding in favour of its own.
Deals for the management of the other RBS-owned hotels are also close to finalisation, it is understood. It seems likely all 11 will be dropping the Le Méridien badge.
North American chains Fairmont, Starwood and Marriott are thought the most likely contenders for other London hotels. And De Vere has been linked to Selsdon Park, near Croydon, south London.
The remaining 126 hotels in Le Méridien may, however, retain the brand. Talks involving Hyatt International are said to be ongoing although the delay has created speculation that a rival bid might emerge. Millennium & Copthorne are thought likely contenders in this scenario.