Released on: September 21, 2007, 7:13 am

Press Release Author: Kathryn Chitty

Industry: Management

Press Release Summary: Oxford Hotels & Inns is living up to its name this week
following its acquisition of a unique seventeenth century property in the heart of
Oxford city centre.

Press Release Body: The historic Tower House Hotel, which forms part of the medieval
city walls, has been acquired by the national hotel and leisure group for an
undisclosed sum, believed to be in excess of six figures. The acquisition marks a
further phase of a substantial investment programme for the chain which has already
seen £2.7m worth of major refurbishment and improvement projects since its launch in
September 2006.

Following the acquisition, work is set to start on the hotel's refurbishment and
Oxford Hotels has signalled its intention to retain the existing workforce. The
planned improvement programme will retain the character and charm of the property,
whilst maximising its potential due to its fantastic location and views over Jesus
College and the historic city of Oxford.

Mark Edwards, managing director of Oxford Hotels & Inns, comments: "The purchase of
the Tower House Hotel is an important milestone in our development as we look to
firmly establish ourselves as a leading UK hotel brand. This acquisition has formed
part of a strategic £3m programme that will be carried out over the next six months
which includes upgrades, refurbishments and investment in our existing portfolio."

Oxford Hotels & Inns operates a portfolio of more than 60 hotels and inns and 170
pubs across the UK including the Carnoustie Golf Hotel, home of this year's Open
Golf Championship, Stonefield Castle at Loch Fyne in Scotland, Derwent Manor Hotel
Northumberland and the Cornwallis Hotel in Suffolk. Further information on the full
range of hotels can be found at www.oxfordhotelsandinns.com


Web Site: http://www.oxfordhotelsandinns.com/

Contact Details: Regus House
Victory Way
Admirals Park
Crossways
Dartford
DA2 6QD
01943 484 848