>Von Essen (hotels) looks to double estate as profits rise 24%

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>Von Essen chairman Andrew Davis says the company has the potential to double the number of hotels in its estate after seeing pre-tax profits rise by a quarter in the past year.
Speaking in the company’s annual report for 2008, Davis said there was ‘scope’ to double the 27-strong portfolio despite the challenging financial climate.
“For any property to be considered for acquisition it has to meet stringent criteria and fit with the brand identity of the hotels already in the collection,” he said.

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