Malmaison group up for sale

UK boutique hotel chains Malmaison and Hotel du Vin are to be put up for sale.

Hotel du Vin St Andrews
Hotel du Vin St Andrews
KSL Capital Partners, which acquired the Malmaison group in 2012, has started contacting prospective buyers, according to Sky News.

KSL is working with advisers at investment bank UBS to find a buyer, with offers being lodged in the first week of February. However, the sale might not go through if bids aren’t attractive enough.

The hotel chain has a portfolio of 29 UK sites and was previously owned by MWB Group, before it went into administration in November 2012.

Hotel Du Vin recently acquired Cannizaro House in Wimbledon, investing £1m in the property as part of plans to open it as the brand's first London hotel. It is not known whether the propsed sale will affect these plans.

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