Greenalls makes tracks for hotels

Greenalls makes tracks for hotels

GREENALLS, THE struggling pubs and hotels group, is to open seven of its budget price Premier Lodge hotels on the sites of Tube stations. The deal with London Underground will see three hotels open early next year at Hounslow West, Cockfosters, Hillingdon and Northolt. The hotels will cost around pounds 14m to build and create 200 jobs. The announcement came as Greenalls reported a sharp fall in half-year profits, reviving speculation that the company will soon become a bid target.