Pay and Display at Britannia Car Park

The Britannia car park is no longer free. £1 for 2 hours. £5 all day.

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1984 Photos 6

Copyright Ron...

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Mersey Tidal Power Exhibition

There is a public exhibition on Saturday 15th Jan 2011 at the Britannia Pub on Riverside Drive concerning the Mersey Tidal Power project. The exhibition will provide information about the project and the work undertaken to date, with members of the project team on hand to answer any questions. Feedback forms will be provided to capture the views and ideas of members of the public.

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Penguin Spotted

Did anybody else spot that Penguin having his photo taken yesterday morning down by the river just past the Britannia Pub next to the new funnels. It must be a Go Penguin who escaped a bit early. He didn’t stay long though and there is no sign of him now.

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Porpoise or Dolphin

While out taking photos this evening just down from the Brittania Inn along the Dingle Esplanade I saw something unusual in the water. There were two of them, quite a long way out. Unfortunately my camera doesn’t have much of a zoom lens so it’s hard to be sure what exactly they were. You can click on one of the photos to see a larger version. Apparently the Harbour Porpoise is most commonly sighted in this area but I’m not sure as this doesn’t seem to have the right shaped nose. I think it looks more like a Bottlenose Dolphin. Any experts out...

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Whitbread to Sell Otterspool and Britannia Pubs

Whitbread has sold on both the Otterspool and Britannia pubs to Mitchells and Butlers. Mitchells & Butlers plc to acquire 44 pub restaurants from Whitbread PLC in exchange for 21 Express by Holiday Inn Lodges Following Mitchells & Butlers’ stated intention to create additional value from its non-core assets, a swap of lodge assets for pub restaurants has now been agreed with Whitbread. Under the terms of the agreement, Whitbread will acquire 21 of Mitchells & Butlers’ lodge sites (1245 rooms), currently trading under the Express by Holiday Inn brand, in exchange for 44 standalone Whitbread pub restaurant sites, currently trading under the Brewers Fayre and Beefeater brands. The exchange has been made on the basis of equivalent EBITDA of circa £9m from both the hotels and the pub restaurants and a valuation of circa £78m for both sets of assets to be exchanged. These high quality pub restaurant sites will be converted to Mitchells & Butlers’ industry leading brands and formats with significant sales and profits uplifts expected. The transaction is expected to complete on 19 September 2008. In order to assist in funding the capital expenditure required for the conversions and to further reduce group debt levels, we intend to review opportunities for sale and leaseback financing on these acquired freehold sites. This would demonstrate the value of the properties acquired, in addition to the value that will be created from the operational profit uplifts generated by the brand conversions. We will also continue to actively pursue the creation of additional value from our other non-core assets, including the Innkeeper’s Lodge units. Commenting on the deal, Tim Clarke, Chief Executive of Mitchells & Butlers, noted: “This deal drives further consolidation in top end managed houses and demonstrates our ability to create value from the non-core assets. Our brands can add a lot of value to these pub restaurant sites as we have shown with previous acquisitions.” Taken from the M & B website and the Whitbread view on the same deal… Whitbread PLC to acquire 21 Express by Holiday Inn hotels from Mitchells & Butlers plc in exchange for 44 Whitbread Pub Restaurants 31/07/2008 Whitbread PLC (“Whitbread”) today announces that it has agreed to acquire 21 hotels (1245 rooms), currently operating as Express by Holiday Inn hotels from Mitchells & Butlers plc (“MAB”), in exchange for 44 Whitbread pub restaurants. The exchange has been made on the basis of equivalent EBITDA of around £9m from the hotels and pub restaurants and an estimated value of £78 million for the assets to be exchanged. This transaction is expected to be earnings neutral in 2009/10 and thereafter earnings enhancing. The exchange will take the total number of UK Premier Inn rooms to over 38,000 in 550 hotels. Planning consent has been granted to extend five of the 21 acquired hotels, adding around 200 new rooms. Whitbread has identified additional opportunities to extend the acquired estate to over 1500 rooms, subject to planning approvals. This represents a significant contribution towards the 2008/09 target of 4,000 new Premier Inn rooms. The hotels are modern, in prime locations throughout the UK and will be fully integrated into the Premier Inn estate on completion. The 400 existing employees at the hotels will transfer to Whitbread and approximately 1300 pub restaurant employees will transfer to MAB on completion, due on 19th September 2008. The 44 Whitbread pub restaurants to be exchanged are on sites where development with a Premier Inn has not been possible due to planning constraints. Whitbread will continue with plans to develop a Premier Inn on its remaining 51 pub restaurant...

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