UK hotel operator Real Hotel Company (RHC) announced on Wednesday that it will exit its UK franchising operations and warned that its full-year results will fall short of management's expectations. The company said that its UK mid-market hotels have under-performed, adding that it has already identified under-performing hotels for disposal. Two hotels are expected to be sold by the year-end. The company also said its leisure business has been 'disappointing' in the second half of the year.
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