Released on: October 8, 2007, 1:47 am

Press Release Author: Kathryn Chitty

Industry: Media

Press Release Summary: Further Investment Plans & First Quarter Forecasts Announced

Press Release Body: NATIONAL hotel and leisure group Oxford Hotels & Inns is
celebrating its first birthday this month with the announcement of a further
multi-million pound investment programme across its chain of over 60 UK hotels.

The company, which formed in September 2006 following the collapse of London &
Edinburgh Inns, has already invested over 2.7m in upgrades over the last year and
has revealed plans for a further 3m worth of upgrades scheduled to commence over
the next six months. Forecasts for the first quarter also look promising for the
hotel group as year with double-digit profit growth and an increase in revPAR
(revenue per available room) of over 16 per cent.

Comments Mark Edwards, managing director of Oxford Hotels & Inns: "We've spent money
where it has been necessary, raising standards but allowing each hotel to retain its
individuality. In all, one-third of the bedrooms have received some form of
investment to date.

"Our continued investment programme, which will extend across properties in England,
Scotland and Wales, will see major refurbishment and improvement projects take place
at existing hotels as well as the acquisition of selected new sites as we look to
further cement our position as a leading UK hotel operator."

Particular highlights for Oxford Hotels in 2006/ 07 have included playing host to
the Open Championship at the Carnoustie Golf Hotel - one of the chain's flagship
properties - and the acquisition of three new properties in Loch Fyne, Angus and

Continues Edwards: "The timing of the acquisition of the Carnoustie Golf Hotel was
very fortunate for us. The hotel went ahead as planned with hosting the Open
Championship which provided us with a boost to business and great publicity."

Oxford Hotels & Inns operates a portfolio of more than 60 hotels and inns and 170
pubs across the UK. Further information on the full range of hotels can be found at

Web Site: http://www.oxfordhotelsandinns.com

Contact Details: Regus House, Victory Way, Admirals Park, Crossways, Dartford, DA2

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