Whitbread Shares Fall Following $2 Billion Property Sale and Leaseback Plan
Whitbread, owner of Premier Inn, saw its shares decline after announcing a plan to sell and lease back $2 billion in property assets.
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Whitbread, owner of Premier Inn, saw its shares decline after announcing a plan to sell and lease back $2 billion in property assets.

Premier Inn owner Whitbread has announced a major five-year overhaul plan that includes cutting 3,800 jobs and selling £1.5 billion worth of its hotel properties, partly in response to activist pressure.

Whitbread, the owner of Premier Inn hotels, has announced plans to cut 3,800 jobs as part of a new savings initiative and will also remodel its 197 hotel restaurants.

Whitbread, the owner of Premier Inn hotels, has announced plans to cut 3,800 jobs as part of a new savings initiative. The company will also close its remaining Beefeater and Brewers Fayre restaurants.