Frasers Hospitality has acquired four properties
(three freehold and one long lease) in the UK for GBP 36.1 million
(approximately Sin$ 76.3 million) from Swire Properties Hotels
Holdings through the groupís subsidiary, Malmaison and Hotel du
Vin Property Holdings Limited.
The hotels, located in key cities and
university towns in the United Kingdom will be rebranded to
Malmaison and Hotel du Vin properties, bringing the total of
boutique hotels under the brands to 33 and the total number of
keys to 2,347.
The acquisition comes on the back of the
groupís recent purchase of Malmaison and Hotel du Vinís stable of
29 upscale lifestyle boutique hotels for GBP 363.4 million (Sin$
760 million) in June of this year.
Mr Choe Peng Sum, CEO, Frasers Hospitality said,
ďThese 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 groupís 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.Ē
The hotels will continue to operate under their
existing brands until 2016 when development plans will be revealed
for each of the hotels.
The hotels are: Avon Gorge Hotel, Bristol Ė a 75-room hotel
overlooking the Avon Gorge and Brunelís famous Clifton Bridge;
Magdalen Chapter, Exeter Ė formerly
The West of England Eye Hospital and now a 59-room hotel;
Montpellier Chapter, Cheltenham Ė a
60-room hotel in the heart of Cheltenham; and
Hotel Seattle, Brighton Ė a 71-room
hotel offering views of the marina and
The inclusion of the four properties brings
Frasers Hospitalityís global portfolio to 136 properties across 78
cities and over 22,000 keys worldwide.
See other recent news regarding:
Malmaison and Hotel du Vin