Maurice Taylor has sold his hotel management group Chardon Management Ltd (CML) to US based Interstate Hotels & Resorts. This brings Interstate’s total U.K. portfolio to 47 hotels either open or under development. However entrepreneur Maurice is not planning to retire, instead he will concentrate on his smaller hotel portfolio, which trades under the banner Chardon Trading.
Chardon Management Ltd (CML) was formed in 1998 by Maurice, and went onto become one of the UK’s most successful hotel management companies with some 32 hotels at the time of the acquisition. Chardon Management’s portfolio consists of Holiday Inn Express and Holiday Inn branded hotels in addition to Hotel Indigo, Best Western, Choice, Ibis Styles and independent hotel brands.
Current MD of CML, Robert Crook will stay on with Interstate reporting to Ken McLaren, Interstate’s executive vice president of international operations. While Nicola Taylor, Director at Chardon Management ,and Maurice’s daughter, will act for the company in an advisory capacity. She said, “Interstate is a recognised world leader bringing 50 years of industry experience, dynamic relationships with quality brands and international experience to the table. Chardon’s relationship with Interstate ensures a really successful future, providing our staff, owners, investors, associates, and ultimately our guests with the best experience possible in the U.K. and Ireland hospitality industry.”