LESGLate Effects Study Group (cancer)
LESGLondon Edinburgh Swallow Group (hotel & pub company; UK)
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The LESG, comprising cancer specialists in 15 major hospitals worldwide, followed a group of 1,380 children with Hodgkin's disease treated between 1955 and 1986 to assess their risk of developing a second malignancy.
Paddy Crerar of Crerar Hotels struck a deal with Reit Asset Management, as it was then known, in November 2006 to operate 13 of the former LESG hotels, including seven in the North East.
Last week Scotland company Crerar Hotels took over seven hotels in the North-East and Cumbria from the administrators of LESG. They include well known sites such as The George at Chollerford in Northumberland, The Three Tuns in Durham and the Hilltop Hotel in Carlisle.
The group struck a deal with London property group Reit Asset Management to run and expand the former LESG hotels.
The Derwent Manor Hotel in Allensford, Northumberland, was bought from LESG by property company Flodrive and is now to be run and expanded by Oxford Hotels and Inns Management.
Property company Flodrive ( which owned the Derwent Manor building under LESG's stewardship ( moved quickly to take the building back from administrators Ernst & Young when LESG collapsed in September.
Sales manager Mary Kennedy said: "Flodrive bought the leases back from LESG, and set up a new company called Oxford Hotels & Inn Management Ltd, to run the hotels that they already owned.
A Scottish hotelier has rescued some of the North-East's best known hotels from the collapse of London & Edinburgh Swallow Group (LESG).
The hotelier has struck a deal with London-based property giant REIT Asset Management to operate the former LESG hotels.
The future of the other two LESG hotels in the North-East - the Springfield in Gateshead and the Derwent Manor in Allensford, Northumberland - has not yet been decided.