Frasers Hospitality, the hospitality arm of Frasers Centrepoint Limited, has acquired a portfolio of four properties in the UK for a consideration of £36.1m from Swire Properties Hotels Holdings through the Group’s subsidiary, Malmaison and Hotel du Vin Property Holdings Limited.
This acquisition comes on the back of Frasers Hospitality’s recent purchase of the Malmaison and Hotel du Vin group which comprises 29 upscale lifestyle boutique hotels for £363.4 million in June this year, providing Frasers Hospitality a platform to further expand into the fastest growing hospitality segment.
Perfect fit for Malmaison and Hotel du Vin
Mr Choe Peng Sum, CEO, Frasers Hospitality said, “These four stylish and iconic hotels in their respective cities are a perfect fit for Malmaison and Hotel du Vin, and this acquisition is clearly in line with the Group’s expansion strategy of the brands within the UK, Europe and Asia. With these two best-in-class lifestyle brands, we are on track to achieve our goal of operating 30,000 keys by 2019.”
The hotels will continue to operate under their existing names until 2016 when development plans will be revealed for each of the hotels. The hotels, all of which offer tastefully designed and popular restaurants, bars and meeting facilities, are:
Avon Gorge Hotel, Bristol – an iconic 75 bedroom hotel, overlooking the Avon Gorge and Brunel’s famous Clifton Bridge;
Magdalen Chapter, Exeter – pictured above – formerly The West of England Eye Hospital, the striking 59 room hotel also offers a spa and swimming pool;
Montpellier Chapter, Cheltenham –the renowned and sophisticated hotel in the heart of the Cheltenham also boasts a spa and 60 contemporary style rooms; and
Hotel Seattle, Brighton – in a unique location close to the heart of Brighton’s vibrant life, the 71 room hotel offers stunning views of the marina and south coast.
The inclusion of the four properties brings Frasers Hospitality’s global portfolio to 136 properties across 78 cities and over 22,000 keys worldwide.
About Malmaison and Hotel du Vin
Malmaison was established in 1994, in Edinburgh, as an affordable and chic hotel brand providing great style, great food and great value. It has grown to 13 properties, throughout the UK. Malmaison is a pioneer of the metropolitan modern townhouse hotel, with an emphasis on stylised quality bedrooms. Food and beverage is the heart and soul of each Malmaison hotel and drives the majority of its non-room business as a destination bar and brasserie within its local community.
Hotel du Vin is an elegant collection of 16 town house and city centre properties with a particular emphasis on food and beverage. Each boasts its own individuality and personality, resonating from the character of the historic buildings that have been sensitively converted into stylish boutique hotels. The essence of the brand lies in its unyielding commitment to doing the simple things well. A love of wine resonates with substantial wine menuthat features many of the world’s best and often relatively unknown wine producers. The substance and style of the bedrooms are completed with attentive touches including Egyptian cotton bedding, monsoon power showers and roll-top baths.
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