As part of this refinancing, Q Hotels Group Ltd, the original group holding company, has been placed into administration and replaced for all group companies by a new holding company, Q Hotels Holdings Limited. All other group companies are unaffected.
Q Hotels said that this change in group holding company will have no impact on staff, customers or suppliers and the Q Hotels business will continue as normal.
The Q Hotels business will continue to be led by Michael Purtill, managing director and Ian Goulding, finance director.
In addition, Tim Scoble has been appointed chairman of Q Hotels Holdings Ltd. He has previous experience with hotel chains including Guoman.