Its main subsidiary, Macdonald Hotels and Resorts, owns or operates hotels and holiday resorts in the UK and Spain.
Macdonald Hotels was bought from shareholders by its management in 2003 in a management buyout facilitated by Bank of Scotland The value of the transaction was £590 million. It expanded rapidly with the purchase of some "Forte Heritage Hotels" from Forte Hotels after the latter's takeover by Granada plc. In 2007 the company sold 24 hotels to Moorfield Real Estate Fund. It subsequently bid for the Management Contract to continue running these hotels but lost out to Accor Hotels.
List of hotels
- "All-clear for Macdonald Hotels' bid to go private". The Scotsman. 3 September 2003.
- "Macdonald raises £400m in hotels deal". The Scotsman. 28 January 2007.