Malmaison hotel group sold for £363m

UK boutique hotel chains Malmaison and Hotel du Vin have been sold to Singapore-based property group Frasers Hospitality for £363.4m.

Frasers Hospitality has bought the Malmaison group for £363.4m
Frasers Hospitality has bought the Malmaison group for £363.4m

The Malmaison chain was put up for sale by KSL Capital Partners in January this year, three years after it was first acquired. It will now be run by Frasers Hospitality UK Holding, a wholly owned subsidiary of Singapore group Frasers Centrepoint (FCL).

The Malmaison and Hotel du Vin chains have a portfolio of 29 boutique lifestyle hotels across 25 cities in the United Kingdom.

Lim Ee Seng, group CEO of FCL, said: "FCL’s strategy remains focused on achieving balanced growth across asset classes and diversifying our earnings profile. This acquisition is important as it doubles our offerings in Europe to about 4,000 keys and it propels Frasers Hospitality to be one of the leading hospitality players in this market."

More:

Malmaison group up for sale

Malmaison and Hotel Du Vin to expand following acquisition by US firm

Belfry owner to make £150m bid for Gleneagles

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