 It was not long before the BTH Hotels were under review.The management at the time, led by Peter Land, tried to establish a viable structure for a management buyout, which would have kept the group more or less intact and would have delivered a smooth transfer to the private sector.As Peter Land notes in his book "Sauce Supreme", politics rendered this plan impossible and the hotels were sold by open tender, realising a much lower value for the UK taxpayer than the management buyout would have done.