Fri, 16 Jul 2010 | BUSINESS SALE
Louvre Hotels is putting its 18-strong chain of UK Campanile hotels on the market, with a combined price tag of around £70 million.
The budget hotel operator – which runs two-star accommodation in nine European countries – is also looking to offload one Première Classe property as part of the sale. The deal would include a mixture of freehold and leasehold sites in locations including Cardiff, Glasgow, Birmingham, Liverpool and Manchester.
The hotels are being marketed with a management contract with Louvre Hotels under the Campanile brand. Investment advisory firm, Christie & Co, said it is a rare opportunity to bulk buy a whole group in just one transaction.
The current owners were inspired by the recent success of Travelodge's deal to acquire 52 Mitchells and Butlers hotels, which proved to be the biggest bulk sale transaction of hotels in the UK in more than ten years.
Christie & Co director, Jeremy Jones, said, "We anticipate a strong response reflecting the quality of the opportunity and the ability to keep growing one of Europe’s best known hotel brands."
The inclusion of the Première Classe hotel in the deal will see the company part with its only UK branch of the major French budget hotel branch. The Première Classe hotel only opened in Coventry earlier this year.
A well established premium eyewear designer and manufacturer operating throughout the UK and overseas.
A turnkey freehold hotel, restaurant and wine bar business opportunity located in Jedburgh; a pretty town in the Scottish Borders with a high concentration of attractions within small parameters
LEASEHOLD
Represent a West Midland based specialist printing services company seeking an industry savvy acquirer, or an interested newcomer.
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Surrey fit-out firm files administration notice | ADMINISTRATION
A major fit-out firm based in Surrey has filed a notice of i...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.