Imperial Consolidated founders take back control of hotel

Imperial Consolidated Group founders Lincoln Fraser and Jared Brook have bought a vacant hotel in Morecambe, England that was the primary cause of their financial problems a few years ago.
They bought the Midland Hotel through a UK-based firm they control called Kalber Leisure Ltd. for between GBP350,000 and GBP500,000 (US$496,000-US$708,000) on June 11, 2001, according to the local press.