Harrogate business Principal Hotels was bought by American private equity house Starwood Capital for a reported £360m in 2013. The following year, Starwood acquired De Vere Venues Group and Four Pillars Hotels, increasing its investment in the British hospitality market to a reported £700m. Under chief executive Tony Troy, 53, the group has restructured to consolidate all three businesses, contributing to a 93% annual increase in profits to £62.1m in 2014.
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