Singaporeans book in to Malmaison
A SINGAPORE property group has snapped-up the Malmaison Hotel du Vin (MHDV) group of hotels for £363.4m.
Fraser Hospitality UK, the firm behind the acquisition, is a wholly-owned subsidiary of the Fraser Centrepoint group, a Singapore-based property firm.
The company acquired the boutique hotel chain, founded in 1994, from LLC, an affiliate of investment firm KSL Capital Partners.
The Malmaison and Hotel du Vin brands consist of 29 hotels across 25 cities, including a purpose-built 11-storey hotel at William Jessop Way near Liverpool’s Princes Dock, and a site on London Road, near Piccadilly Station, Manchester.
Fraser Hospitality’s chief executive Choe Peng Sum said: “The purchase of Malmaison and Hotel du Vin perfectly complements our brand portfolio and gives Frasers Hospitality a platform to expand.We look forward to building on this success with future development in the UK, Europe and Asia.”
“Travellers are turning away from cookie-cutter hotel offerings and looking for lifestyle experiences. MHDV is key in developing this fomat and remains at the heart of its development.”
Frasers global footprint expands to 129 properties across 77 cities. Barclays and Standard Chartered Bank were joint financial advisers to FCL.
