Mercury Group PLC
12 December 2005
MERCURY GROUP PLC
('Mercury')
New Contract Win
Mercury Group plc, the property services group, is delighted to announce that
its project management subsidiary, TelCo Solutions ('Telco'), has secured a
contract to manage the roll-out of a major new hotels programme with Harrell
Hotels (Europe) Limited ('Harrell Hotels'). The capital investment in the
programme will be in excess of £180m over its initial three year period and
therefore, this represents a substantial contract for TelCo.
TelCo will act as strategic project managers for Harrell Hotels in the roll-out
of an initial10 new hotels under the Courtyard brand. Harrell Hotels holds the
franchising rights in the UK to develop and manage the Courtyard hotel brand,
which is owned by Marriott International, Inc.
As well as locating suitable sites, TelCo will be responsible for commissioning
and performing surveys and feasibility studies. It will also be responsible for
the appointment and management of all other professional advisers involved in
the roll-out.
The contract will also utilize the services offered by Mercury's other
subsidiary companies, Smith Melzac Pepper Angliss, the commercial property
agency, and Navitas Hemway, the facilities management provider.
Chief Executive of Mercury, David Williams, commented,
'I am delighted to announce this latest contract win. While it has been signed
with our project management company, TelCo, it will also utilise the services
offered by our other Group companies, including our commercial property agency
and our facilities management subsidiary. It is a prestigious win which bears
testament to the quality of our services and the wider range of skills offered
by the enlarged group.'
Enquiries:
David Williams T: 020 7422 6585
Mercury Group plc
Katie Tzouliadis T: 020 7448 1000
Biddicks
About Mercury Group plc
Mercury Group, which is quoted on the London Stock Exchange's Alternative
Investment Market (AIM), provides a wide range of professional services to the
real estate industry. Its services address all the major stages of the property
lifecycle from initial acquisition, design and construction to ongoing property
and facilities management and eventual disposal
Subsidiary, TelCo Solutions provides project management services to the property
sector. It offers comprehensive management solutions for all aspects of
property planning and construction through its skills in project management,
engineering and architecture. The company was acquired in March 2005 by Mercury
Group plc.
This information is provided by RNS
The company news service from the London Stock Exchange
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