Festival Hotels Group Appoints New Director
Peter Robert Shakeshaft has been appointed as a director of Festival Hotels Group Ltd. Here is a list of some of his director appointments. It isn’t apparent that he has any experience as a hotelier.
It isn’t known whether Mr Shakeshaft was invited to become a director by Lee Bramzell or whether it was enforced. If enforced, there is only one party with the power to do that, Luqa Ltd. This makes one wonder what the next move will be and whether it has any implications for Lee Bramzell, his IVA proposal and any potential pre-pack arrangement. It certainly makes a pre-pack easier to achieve if Mr Shakeshaft is Luqa’s man.
We haven’t looked into Mr Shakeshaft in detail, but it appears the Financial Services Authority was interested in him in the past and he has had some questionable acquaintances.
Link to one of several newspaper articles – This Is Money.
Let’s hope he isn’t intending to employ some of his previous salesmen to sell Festival Hotels to the masses. To view our previous article please click here
Festival Hotels Group Appoints New Director.
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