Edinburgh-based Saltire Taverns has been sold to Glendola Leisure in a multi-million pound deal.
The Scottish hotel, bar and restaurant business includes the Le Monde Hotel and Angels Share Hotel in the city. Owner Billy Lowe told the Herald Scotland that he would be staying on as a consultant to the business. Lowe, who co-founded Thistle Inns in 1988, previously sold Frankenstein pub outlets to Glendola in 2011.
The family-owned Glendola Leisure, said it also has plans to open a 98 room hotel on Edinburgh’s Market Street towards the end of 2017, under sister company Carlton Hotel Collection. Glendola also owns the Rainforest Cafe, the Waxy O'Connor's Irish pub chain, as well as the World's End in Camden, among others.
Alex Salussolia, managing director at Glendola, said: 'We currently operate a number of businesses in Scotland and we are delighted to add to our portfolio by taking over these successful operations. We intend to work with Billy going forward and use our expertise in the hotel and leisure sector to build on his success.'