Frasers expands UK portfolio

frasers-expands-uk-portfolioThe Montpellier Chapter.

SINGAPORE-BASED Frasers Hospitality has acquired four properties in the UK from Malmaison and Hotel du Vin Property Holdings for a sum of 36.1 million pounds (US$54.7 million).

The four properties include the 75-room Avon Gorge Hotel in Bristol, 59-room Magdalen Chapter in Exeter, 60-room Montpellier Chapter in Cheltenham and the 71-room Hotel Seattle in Brighton. All four hotels house F&B outlets and meeting facilities.

The hotels will be rebranded to Malmaison and Hotel du Vin properties, bringing the total boutique establishments under the brands to 33 and the total number of keys to 2,347.

For now, the properties will continue to operate under their existing brands until 2016 when development plans will be revealed for each hotel.

Frasers had also recently purchased 29 other properties from Malmaison and Hotel du Vin for a sum of 363.4 million pounds (US$551.4 million) in June this year.

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