Wed, 30 Nov 2011 | BUSINESS SALE
Jasminder Singh's Edwardian Group has made its second major hotel acquisition in one month with the purchase of the New Providence Wharf hotel in Canary Wharf, London.
The purchase of the 169-bedroom, four-star hotel takes the privately owned hotel group's tally to 14.
The £37.5 million purchase comes just four weeks after its acquisition of the Grade II-listed Radisson Edwardian Free Trade Hall in Manchester. The group is believed to have paid more than the £37.5 million asking price for the 263-bedroom, five-star luxury hotel Free Trade Hall.
Both of the hotels have been operated under the Radisson Edwardian brand for at least four years.
Paul Mansi, Edwardian Group chief operating officer, told Caterer Search,“It also brings the hotel under our full control, which will allow us to broaden the scope of the hotel's offering in due course.
“The group is well positioned to make further purchases when interesting opportunities present themselves,” Mr Mansi added.
The New Providence Wharf hotel, which lies on the banks of the Thames, is ideally located close to the O2 Arena and London City Airport.
The Edwardian Group also operates a management contract at the Radisson Edwardian Guildford, which has just opened.
This is an opportunity to acquire the shares, business and/or assets of an electrophoretic and powder coating specialist located within the North East of England. Indicative proposals, supported by proof of funding, are accepted by no later than 4pm...
This unique holiday accommodation business offers distinctive, design-led stays on over 15 acres of private land, complete with exceptional amenities and a residential property. With a strong occupancy rate of over 90% and excellent guest reviews, it...
FREEHOLD
This exceptional opportunity allows you to acquire a leading UK business in pneumatic tube systems for healthcare, boasting exclusive distribution rights and strong client retention through multi-year service agreements.
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.