Frasers Hospitality Acquires Four Hotels in England

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 group’s 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 group’s recent purchase of Malmaison and Hotel du Vin’s 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, “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 brands until 2016 when development plans will be revealed for each of the hotels.

The hotels are: Avon Gorge Hotel, Bristol – a 75-room hotel overlooking the Avon Gorge and Brunel’s famous Clifton Bridge; Magdalen Chapter, Exeter – formerly The West of England Eye Hospital and now a 59-room hotel; Montpellier Chapter, Cheltenham – a 60-room hotel in the heart of Cheltenham; and Hotel Seattle, Brighton – a 71-room hotel offering 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.