Compass Hospitality Group has completed the
acquisition of The Big Sleep Hotels’ portfolio of three hotels in
Cardiff, Cheltenham and Eastbourne in the United Kingdom.
The acquisition was jointly made with
Singapore-based Seacare Hospitality Pte Ltd.
Compass Hospitality's President & CEO,
Harmil Singh said, “We are very pleased with the portfolio
acquisition of these three well located and profitable hotels. We
will continue to seek out acquisitions and opportunities to grow
our presence in the UK.”
The 81-key hotel in Cardiff is located in the
city centre opposite the Motorpoint Arena and the new St. David’s
shopping arcade, all within walking distance of Café Quarter’s al
fresco dining street, Cardiff Central railway station and
Millennium Stadium.
The 60-key hotel in Cheltenham is located in the
shopping hub along Bath Road and a short distance to Cheltenham
Town Hall and Cheltenham Art Gallery & Museum.
The 50-key
hotel in Eastbourne offers views of the English Channel
across the Western Lawns. It is located 400 metres from Eastbourne
Town Centre, 10 minutes’ walking distance from Eastbourne Pier,
and a 5-minute drive away from Beachy Head’s white cliffs.
All the three hotels have a restaurant and bar as well as meeting
rooms.
Guest rooms of various sizes are offered and standard
amenities include LCD TV, Wi-Fi, personal safe, hairdryer and
coffee/tea making facilities. All three hotels are pet friendly.
The hotels will
be managed by Compass Hospitality which is already managing The
Lion Hotel Shrewsbury and The White Swan Halifax in the UK as part
of a portfolio comprising 49 properties located in Thailand,
Malaysia and the UK.
Matthew Welbourn, Executive Vice
President of UK Operations for Compass Hospitality, said, “Our existing two hotels in
Shrewsbury and Halifax have achieved significant performance
improvements due to the well established distribution network at
Compass Hospitality. We are confident that similar improvements
will be achieved for these additional three hotels.”
Compass Hospitality,
Big Sleep,
England,
Wales,
Cheltenham,
Eastbourne,
Cardiff
|