Hotel du Vin’s new owner snaps up 4 new boutiques for £36.1m

Frasers Hospitality, the new owner of the Hotel du Vin and Malmaison boutiques, has acquired four new properties for £36.1m.

The hotels were purchased from Swire Properties Hotels Holdings and each one is located in key cities and towns dotted around the country.

The four properties are: 75-bed Avon Gorge Hotel in Bristol; Magdalen Chapter, a 59-bed hotel in Exeter; the 60-bed Montpellier Chapter in Cheltenham and Hotel Seattle in Brighton, a 71-room hotel offering views of the marina and south coast.

Story continues below

Each of the four hotels will now be rebranded and added to the Malmaison and Hotel du Vin portfolio, bringing the total number of boutique hotels in the group to 33.

This is the first acquisition by the new owners, who bought the 29 boutique hotels under the Malmaison and Hotel du Vin umbrella in June for £363.4m.

Frasers Hospitality chief executive Choe Peng Sum 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 properties.

The addition of the four hotels brings Frasers Hospitality’s global portfolio to 136 properties across 78 cities.



Protected with IP Blacklist CloudIP Blacklist Cloud