Frasers Hospitality acquires four boutique hotels in Britain

Montpellier Chapter in Cheltenham, which has 60 contemporary style rooms.
Montpellier Chapter in Cheltenham, which has 60 contemporary style rooms.PHOTO: FRASERS HOSPITALITY

SINGAPORE - Frasers Hospitality has acquired four properties in Britain for 36.1 million pounds (S$76.3 million).

The hotels were purchased from Swire Properties Hotels Holdings through Frasers Hospitality subsidiary Malmaison and Hotel du Vin Property Holdings Limited.

The hotels, located in key cities and university towns in Britain, will be rebranded to Malmaison and Hotel du Vin properties, bringing the total of boutique hotels under the brands to 33 and the total number of keys to 2,347.

This acquisition comes on the back of the company's recent purchase of Malmaison and Hotel du Vin's stable of 29 upscale lifestyle boutique hotels for 363.4 million pounds ( S$760 million) in June this year, which the firm said gives it a platform to further expand into the fastest growing hospitality segment.

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 the UK, Europe and Asia.

"With these two best-in-class lifestyle brands, we are on track to achieve our goal of operating 30,000 keys by 2019."

The hotels will continue to operate under their existing brands until 2016 when development plans will be revealed for each of the hotels.

The hotels are:

  • Avon Gorge Hotel in Bristol, an iconic 75-bedroom hotel overlooking the Avon Gorge and Brunel's famous Clifton Bridge;
  • Magdalen Chapter in Exeter, formerly The West of England Eye Hospital. The 59-room hotel also offers a spa and swimming pool;
  • Montpellier Chapter in Cheltenham, which features 60 contemporary style rooms in the heart of the Cheltenham; and
  • Hotel Seattle in Brighton, a 71-room hotel offering views of the marina and south coast.

The inclusion of the four properties brings Frasers Hospitality's global portfolio to 136 properties across 78 cities and over 22,000 keys worldwide.