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Private equity baron Guy Hands injects £38m into wife’s hotel chain

Private equity baron Guy Hands injects £38m into hotel chain run by his spouse Julia after it made £19m loss final yr

Private equity baron Guy Hands has injected £38million into the hotel chain run by his spouse Julia after it made a £19million loss final yr. 

Turnover for Hand Picked Hotels, which operates nation home and spa accommodations throughout the UK and the Channel Islands, fell by 60 per cent to £22.6million over the yr to November 26 final yr as a result of Covid lockdown closures.

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Cash injection: Hand Picked Hotels operates country house and spa hotels across the UK and the Channel Islands

Cash injection: Hand Picked Hotels operates nation home and spa accommodations throughout the UK and the Channel Islands

New monetary paperwork present the £38million funding by Hands, the founding father of funding agency Terra Firma, paid off £30million financial institution debt with the remaining used to ‘help the group’s working capital’. 

Julia Hands, a former lawyer, arrange the enterprise in 2001 after shopping for 16 accommodations from Sir Richard Branson’s Virgin Group.

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It now has 21 websites after shopping for three accommodations in September. Directors mentioned demand had been ‘buoyant’ since Covid restrictions have been lifted.

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