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


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.

Tags : Boutique Hotelsgroupshotel du vinhotelsMalmaison
Zoe Monk

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