Malmaison and Hotel du Vin back in the black prior to £363m sale

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Boutique group, Malmaison and Hotel du Vin (MHDV) has released its latest financial figures, which show the company edged back into the back in the year prior to its £363m sale to Frasers Hospitality.

In accounts published by Companies House, MHDV Holdings parent company made a pre-tax profit of £3.4m from a turnover of £131.5m in the year to June 30, 2015.

In the previous year, the group made a loss of £564,372 from a turnover of £153.6m. The 29 hotels under the MDHV umbrella were acquired in a mammoth £363m deal in June 2015 to a UK-based subsidiary of Frasers Hospitality Ltd of Singapore.

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This year MHDV has seen another successful year so far, with like-for-like sales across Malmaison and Hotel du Vin brands growing 4.3% to £122m.

In November 2015, the company made its first purchase, with the acquisition of four hotels in the UK as part of a £36.1m deal. The brand has also started a comprehensive refurbishment programme that will see the business invest £12m over the next two to three years to enhance the properties in the group.

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