TOPLAND ACQUIRES HALLMARK HOTELS

Following its purchase of 12 Menzies hotels in December 2013, London-based privately owned investment firm Topland has added a further eight hotels (730 rooms) to its portfolio with the acquisition of Hallmark Hotels in an off-market transaction from Bridgepoint for £75 million (£102,700 per room). The four-star Hallmark portfolio comprises the 83-room Hallmark Hotel Bournemouth, the 70-room Hallmark Hotel Carlisle, the 110-room Hallmark Hotel Croydon, the 102-room Hallmark Hotel Derby, the 95-room Hallmark Hotel Gloucester, the 95-room Hallmark Hotel Hull, the 88-room Hallmark Hotel Manchester Airport and the 87-room Hallmark Inn Derby. The deal brings the number of hotels owned by Topland across the UK to 30.

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