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Frasers Completes Acquisition of UK’s Malmaison Hotel du Vin Group

Travel News Asia Latest Travel News Podcasts Videos Wednesday, 24 June 2015
 

Frasers Hospitality UK Holdings has completed the acquisition of Malmaison Hotel du Vin Group for a consideration of £363.4 million (approximately Sin$760 million) from an affiliate of KSL Capital Partners, LLC.

MHDV owns two upscale boutique lifestyle brands – Malmaison and Hotel du Vin – comprising 29 boutique lifestyle hotels and 2,082 keys across 25 cities in the United Kingdom.

“FCL’s strategy remains focused on achieving balanced growth across asset classes and diversifying our earnings profile. This acquisition is important as it doubles our offerings in Europe to about 4,000 keys and it propels Frasers Hospitality to be one of the leading hospitality players in this market.” said Mr Lim Ee Seng, Group CEO of Frasers Centrepoint Limited  (FCL).

Founded in 1994, MHDV’s management team has developed a unique collection of premier boutique hotels throughout the UK, specialising in the conversion and repositioning of iconic heritage buildings to capture the upmarket segment of leisure and business travellers.

Hotel du Vin has an elegant and eclectic style, with trademark bistros and an emphasis on outstanding wine that forms the heart of each of its 16 hotels.

Malmaison is a lifestyle brand which currently comprises 13 hotels.

With the two new brands, the group’s platform comprises: Gold-standard serviced residences - Fraser Suites, Fraser Place and Fraser Residence; Modern lifestyle serviced residences through Modena by Fraser; Design-led Hotel residences Capri by Fraser and Boutique lifestyle hotels Malmaison and Hotel du Vin.

The inclusion of Malmaison and Hotel du Vin brings Frasers Hospitality’s portfolio to 129 properties, across 77 cities and over 21,100 keys.

Frasers Hospitality’s CEO, Choe Peng Sum, said, “With these two best-in-class lifestyle brands, we are on track to reach our goal of operating 30,000 keys by 2019.”

Frasers, Malmaison, Hotel du Vin

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