THISTLE Hotels saw room rates plunge in 2002 as profits almost
The group said London rates fell by more than 10% as US
visitors and corporate stays dried up, while overall rooms were 7% cheaper last
This caused pre-tax profits to plunge from £49.1 million in
2001 to £27.9 million.
Meanwhile, Thistle has rejected a bid from major shareholder
Brierley Investments to buy the chain.
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