Page 20 - Stakis C Case Study

Director Finance:
Neil Chisman

Director Human Resources:

Allen Craig
Chairman:

Robert Smith

Deputy Chairman:

Robert Smith

Stakis operates hotels, casinos, and health clubs

throughout the British Isles. The leisure company

generates about 75% of its sales through its hotel
division, which includes more than 50 three- and four-

star hotels. Most of its hotels offer "Assured Meeting"

rooms, which provide technical equipment, supplies, and
food and beverage services for small meetings or

conferences. In addition, the company operates about 20

casinos and more than 60 Living Well health and leisure

clubs. About 80% of the Living Well clubs are located in
the company's hotels. In 1999 Stakis agreed to be

acquired by betting shop operator Ladbroke Group.

Hilton UK managing director, Anthony Harris said the
acquisition of Stakis had presented the company with an

opportunity to create a portfolio offering customers a

premium choice.
"All the hotels concerned are profitable, successful units

and we can be proud of the achievement of their

management and staff. This has been a difficult selection

process but we have concluded that we must take