UK: Frasers Centrepoint has bought a UK boutique hotel operator Malmaison Hotel du Vin for £363.4 million.
Frasers Centrepoint, which is the parent company of the Frasers Hospitality serviced apartment brand, took over MHDV Holdings (UK) Ltd, which owns 29 boutique hotels in 25 UK cities, from Denver-based affiliate of KSL Capital Partners.
Lim Ee Seng, the group chief executive of FCL, said: “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.”
Frasers’ Hospitality chief executive Choe Peng Sum added: “The purchase of Malmaison and Hotel du Vin perfectly complements our brand portfolio and gives Frasers Hospitality a platform to expand into the fastest growing hospitality sector. We look forward to building on this success with future development in the UK, Europe and Asia. With these two best-in-class lifestyle brands, we are on track to reach our goal of operating 30,000 keys by 2019.”
Coley Brenan, a principal of KSL, said: “We are grateful to have been a part of Malmaison and Hotel du Vin. Each property is physically unique, but each share the common traits of exceptional service and wonderful food and beverage offerings. Thanks to the tireless efforts of the employees of Malmaison and Hotel du Vin, we have no doubt they will continue to be two of the preeminent hotel brands in the UK.”
www.frasershospitality.com
www.malmaison.com</p
