Perhaps this is why Manish Chande says it is a 5 star hotel or nothing.

Manish Chande of Mountgrange, the group behind the regeneration of the area said: "Accor is an international leader in the leisure sector and the Sofitel brand represents the height of five-star hotel hospitality.

"We believe it will be a major asset for Edinburgh and its future economic prosperity."

http://www.scottishhospitalityjobs.com/news/2007-02-10-1.shtml

Trillium's Millions Land 30 Accor Hotels | Accor has agreed a sale and lease back deal involving 30 of its hotels (5,000 rooms) in the UK. Land Securities Trillium (LST), part of the Land Securities Group, will pay £439 million for the mix of Ibis and Novotel properties, which Accor will operate under 12-year variable leases for a total of 84 years. LST will pay an additional £35 million over four years towards the renovation of the portfolio. Accor intends to use the agreement to create a long-term partnership with Land Securities that will allow the hotel chain to develop further in the UK.

(copy and paste both parts of following link into search)

http://www.hospitalitynet.org/news/154000567/

4030346.search?query=accord+hotels+mountgrange

Manish Chande, the former chief executive of Land Securities Trillium, will be named this week as a non-executive director of Vector Hospitality, the £2.75 billion hotel real estate investment trust (Reit), The Times has learnt.

(Copy and paste both parts of following link into search)

http://business.timesonline.co.uk/tol/business/

industry_sectors/leisure/article1701237.ece