Selfridges owner eyes De Vere’s The Grand Hotel in Brighton

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Wittington Investments, owner of UK retail giants Selfridges, Fortnum and Mason and the parent company of Primark, is said to be in the running to buy De Vere Group’s The Grand Hotel in Brighton.

De Vere did not confirm the rumour according to an article in The Argus, but a spokesperson said: “The company has now signed an exclusivity agreement with a third party for the sale of Grand Brighton, following strong expressions of interest from a range of potential purchasers”.

The renowned hotel on King’s Road was put up for sale in November as its current owner sought to ease a £1.1 billion debt.

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The 150-year hotel, which was rebuilt in 1984 after being the target of an IRA bomb during the Tory Party conference, recently underwent a £7m renovation.

The Grand’s 201 rooms were refurbished, a new spa and restaurant were added and the bar was improved. Read the full story at The Argus.

 

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