Frasers Hospitality expands portfolio overseas, buys four new British properties

SINGAPORE - Frasers Hospitality, the hospitality arm of Frasers Centrepoint, has expanded its portfolio overseas further with four new British properties.

It has bought a portfolio of four developments in Britain for £36.1 million (S$76.3 million) from Swire Properties Hotels Holdings, through its unit Malmaison and Hotel du Vin Property Holdings, the firm said yesterday (Dec 8).

The hotels include the 75-bedroom Avon Gorge Hotel in Bristol - which overlooks the Avon Gorge and a famous suspension bridge - and The Montpellier Chapter in Cheltenham, which has 60 contemporary style rooms and a spa.

"The hotels, located in key cities and university towns in Britain, will be rebranded as Malmaison and Hotel du Vin properties," tj

Under the Malmaison and Hotel du Vin brands, the total number of boutique hotels has been bumped up to 33, with 2,347 keys - the industry term for guest rooms in a hotel.

Mr Paul Roberts, chief executive of Malmaison and Hotel du Vin, added: "It was immediately apparent that they shared the approach and value of our brands, with passionate employees determined to make every guest experience in unique settings a memorable one."

Frasers Hospitality noted that the acquisition comes after buying Malmaison and Hotel du Vin's stable of 29 upscale lifestyle boutique hotels for £363.4 million in June this year.

The newly-bought hotels will continue to operate under their existing brands until next year, when development plans will be revealed for each hotel, said the firm.

With the new four properties, Frasers Hospitality's global portfolio has 136 properties across 78 cities and over 21,000 keys worldwide.

Frasers Hospitality chief executive Choe Peng Sum said:"These four stylish and iconic hotels in their respective cities are a perfect fit for Malmaison and Hotel du Vin, and this acquisition is clearly in line with the group's expansion strategy of the brands within Britain, Europe and Asia."

He added that with the Malmaison and Hotel du Vin brands, Frasers Hospitality is on track to achieve its goal of operating 30,000 keys by 2019.