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Owner of Paramount Hotels to increase its portfolio

Dawnay Shore Hotels was set up in 2004 by property and finance firm Dawnay, Day and venture capitalist Shore to invest in the hotel industry. It currently operates 20 four-star properties under the Paramount brand, including three Paramount Signature Hotels: The Lygon Arms, the Billesley Manor Hotel and the Combe Grove Manor. Charles Prew, CEO, continues to seek ‘bolt on acquisitions’ and is ‘focused on purchasing synergistic assets with the right geographic fit for its portfolio and the appropriate facilities to attract leisure and corporate customers’.

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