FRASERS ACQUIRES FOR UK SWIRE HOTELS
Following its purchase of UK hotel group Malmaison Hotel du Vin earlier this year in June, Singapore-based Frasers Hospitality has announced the acquisition of four boutique hotels in the UK from Swire Properties Hotels Holdings for £36.1 million (£136,000 per room), via its newly created subsidiary, Malmaison and Hotel du Vin Property Holdings Ltd. The portoflio of hotels, across southern England, includes the 75-room Avon Gorge Hotel in Bristol, the 60-room Montpellier Chapter in Cheltenham, the 59-room Magdalen Chapter in Exeter and the 71-room Hotel Seattle in Brighton. The hotels will continue to be operated under their existing brands until next year, when they will be rebranded as either Malmaison or Hotel du Vin properties. The deal brings Frasers’ Malmaison and Hotel du Vin portfolio in the UK up to 33 hotels (2,347 keys).