Euro Sea Hotels, a subsidiary of Park Plaza Hotels, has acquired the 66% stake in Marlbray Limited it doesn't already own, giving it 100% ownership of the Park Plaza Westminster Bridge hotel project in London. The total cost for the acquisition and the settlement of a fee payable by Marlbray to Irish Nationwide Building Society is about £10.27 mln (EUR 13.6 mln) in cash and the issue of 735,000 new ordinary shares in Park Plaza.
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