Cox & Kings sells Explore Worldwide Limited to Hotelplan UK Group
The Cox & Kings Group (“Cox & Kings” or “the Group”) has – through its Holidaybreak plc subsidiary – sold 100% of the issued and outstanding shares of Explore Worldwide Limited for GBP 25.8 million to Hotelplan UK Group.
Explore Worldwide Limited (which includes the brands Explore – soft adventure tours – and RegalDive – diving adventure specialist) generated net revenues of GBP 11.2 million and EBITDA of GBP 2.3 million in FY15 ended March.
Peter Kerkar, Director, Cox & Kings, said, “The sale of this business helps us to further increase focus on our three key verticals- Leisure, Education and hybrid hotels (Meininger)”.
You might also like
Royal Orchid Hotels open hotel in Kanpur
Royal Orchid Hotels today announced the opening of a hotel in Kanpur ‘Regenta Central The Crystal” and taking the number of properties under Royal Orchid group to 45. Situated at the heart of
Initiative to strengthen India-Ecuador ties
India is known to be the emerging market for Ecuador. Considering the fact, The Embassy of Ecuador, in cooperation with Aska Tourism and Consultancy Services Pvt. Ltd., has organised an
Headphones – A new silent disco has opened up in GK II!
Irked by the change of song just when your starting to enjoy it, happened one too many times? Tired of waiting for your song choice when you’re itching to dance
