Wed, 26 Nov 2014 | BUSINESS SALE
Hotel du Vin and Malmaison are to be put up for sale by their American private equity owner KSL Capital Partners.
The Denver-based owner has brought in investment banker UBS to manage a review of the options for the two hotel chains, with a resulting formal auction of the pair expected.
MWB Group, the hotel brands’ previous owner, entered administration in November 2012. KSL paid about £200 million to take on the hotel chains in March 2013, and drive forward its plans to become an international brand and undertake extensive renovation work on existing sites.
There are currently almost 30 hotels between the two brands, which were founded in 1994. Analysts predict the sale will draw in other private equity funds and international hotel operators.
The group, which has a 3,000-strong workforce, has recently bought Cannizaro House in south west London, and will devote £1 million to its development before opening it under the Hotel du Vin name.
The Central London property that was home to Great Scotland Yard will also soon join the property portfolio, along with other properties. Buying unusual sites, such as a former castle prison, hospital and sugar refinery, and converting them into boutique hotels has become a common theme for the company.
______________________________________________________________
Related information:
Bespoke bedroom furniture business for sale
Property funding
Buying a hotel guide
Interested parties will be required to sign a nondisclosure agreement (NDA) before further information is provided. Indicative offers are required by 5PM on Thursday 9 December 2021 together with proof of funding. Management presentations/discussions...
LEASEHOLD
Luxury Holiday Cottages and Barges business for Sale with turnover exceeding £500k with 50% net profits. Current portfolio of 12 Properties consisting of; 8 holiday cottages, Barn & farmhouse Annexe together with two converted Barges.
FREEHOLD
Well-established specialist insurance repair contractors working closely with insurance companies and major loss adjustors to provide reactive repair and refurbishment services to clients following incidents such as fires floods and subsidence to dom...
|
03
|
|
Dec
|
Halfords to acquire £157m-turnover Axle Group Holdings for £62m | BUSINESS SALE
Halfords Group has announced that it will acquire automotive...
|
02
|
|
Dec
|
Staycation M&A surge continues as Midlothian plans £170m Park Leisure sale | BUSINESS SALE
Midlothian Capital Partners is reportedly exploring a potent...
|
02
|
|
Dec
|
Private equity-backed takeovers stabilise in third quarter | BUSINESS NEWS
The latest Buy and Build Barometer from Rickitt Mitchell has...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources