GLASGOW, SCOTLAND According to HVS International the Devonshire Hotel and One Devonshire Gardens, two exclusive hotels here, have merged in a surprise deal.
As a result of the merge, Jeannette Montgomery, general manager/joint owner of the Devonshire Hotel will become UK operations director for Residence International, of which One Devonshire Gardens is a subsidiary. Additionally, her partner, Patrick Newall, will join the board as a non-executive director.
The two hotels are separated by only a Victorian house, and will be gradually integrated. Although no money was exchanged in the merge, the private owners of the Devonshire Hotel will acquire a 20% stake in the combined five-story, 41-room hotel. There are no plans as of yet to physically join the two hotels. (5/24/01)