Leas Cliff Hall part of £90m takeover deal

Folkestone’s Leas Cliff Hall has been sold as
part of a wider £90m deal.

The conference centre and concert venue,
owned by Live Nation, has been part of a theatre venue takeover by the
Ambassador Theatre Group, creating a combined business valued of around
£150m.

Other venues acquired in ATG’s takeover
include the Edinburgh Playhouse, the Liverpool Empire, the Bristol Hippodrome
and the Opera House, Manchester.

General
manager of Leas Cliff Hall, Stephen Levine, said the cliff-top venue had gone
from strength to strength since Apollo Leisure took over its management in
1996.

He said:
“After a series of takeovers, it became part of the multi-national Live Nation
in 2006, attracting big names from the music world, including the Stereophonics,
Kings of Leon, Pete Doherty, David Gray and the Kooks. This will continue as
part of what is now the largest theatre company in the
country.”

Levine said
the venue had been successful in diversifying its role by attracting many
conferences, weddings and Christmas parties to the Channel Suite, which was
opened in 2003.

Levine is
confident investment plans will be continued and existing staff kept
on.

Former BBC
Director General Greg Dyke will be joining ATG in the new role of executive
chairman.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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