BUSINESSFebruary 2012 . www.conference-news.co.uk . 99 Fermanagh businessman Sean Quinn's hotel and meetings resort complex, The Belfry, is back on the market, six years after he bought it for £186m. Bank lenders the Bank of Ireland, Barclays and Certus are said to have forced the move to market for the Warwickshire venue famed for hosting the Ryder Cup four times.Plans for a £150m five-star development stalled over debts estimated at £105m.A report in the Financial Times said an unnamed Malaysian investor has made an offer of £90m to purchase the complex and that Ernst and Young have been advising on options, including debt restructuring and sale.The Belfry has refused to comment, although a source told reporters: "It is up for sale and has been a cash generator for years although it needs major refurbishment." The hotel has 324 bedrooms and 22 function rooms and a heated pool. Kidderminster-based live events agency Top Banana has reported a doubling of profits last year on turnover up 90 per cent to £4.3m.The company also reports hiring five new members of staff since the start of the year. Operations MD Richard Bridge puts the success down to "a great team and lots of hard work". Nick Terry, Commercial MD, added: "In early 2012 we're working with new client Danone Baby Nutrition on an event for 250 delegates and are soon to deliver a major event for an organisation operating in the pharmaceutical supply sector, which remains confidential until after the event. We're on track to deliver another great year with profits up again despite the economic gloom." Top Banana worked with AV partner PSP on its own recent staff Christmas party. Over 100 guests were treated to a projection mapping show at Spring Grove House, (pictured above) near Kidderminster. News in brief P&MM Live! posts record £2.2m turnoverEvent production division P&MM Live! reported a record £2.2m turnover for 2011, bolstered by events for Toyota Europe, Wickes and clients in electronics and pharmaceuticals.The division also recruited several new staff members including a Production Director and Producer. Chris Clarke, Director of Events, said: "2011 was a year in which we built upon the success of past production-led events, growing existing accounts and adding new client names." GCP Capital Partners acquires World Trade GroupGCP Capital Partners (GCP) has acquired international provider of B2B events and training World Trade Group (WTG) in a £27.5m management buy-out. WTG runs a portfolio of business summits in Europe, North America and Asia, as well as online products and technical training courses. WTG recently featured in the Sunday Times International Track 100 as one of the UK's fastest-growing companies. Silver investment in peopleHotel and event management agency Expotel has been awarded the Silver Investors in People accreditation.The company was fi rst recognised as Investors in People in 2001. Investors in People offers a practical tool for improving business peformance and competitiveness through good practice.Top Banana's top turnoverHill Dickenson Bad debts in the Belfryto advise ACCLHill Dickinson has been appointed by Liverpool City Council to provide legal services for the development of the new exhibition centre and hotel at the ACC Liverpool complex.The law fi rm will provide planning and procurement advice to the council on the £38m project which ACC Liverpool expects to break ground on in 2013. Bad month for: hotels in UK regions, with a drop of 2.2 per cent in room yield to an average £42.83, according to new research from PKF Hotel Consultancy.Good month for: TRO. The West London based agency has opened offi ces in China and Australia thanks to new partnerships secured through parent group CPM.The Olympic Park Legacy Company has secured the future of six out of the eight permanent Olympic venues after appointing operators for the Aquatics Centre and Multi-Use Arena and ArcelorMittal Orbit.
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