Malmaison and Hotel du Vin owner looks for quick sale

THE owner of hotel chains Malmaison and Hotel du Vin is looking for a quick sale, it is understood.

KSL Capital Partners, the private equity owner of the hotel chains Malmaison is looking to offload the 29 hotels, just two years after acquiring the business.

Offers are being sought by early February for the 29-strong chain. Both Malmaison and Hotel du Vin are represented in central Birmingham.

KSL is offering the group to prospective buyers through advisers from UBS.

Media reports suggest that while there is less than a month before the deadline for offers, KSL will only sell if there is an attractive bid tabled.

The American private equity firm bought the hotel business, which was formed 20 years ago, for £200m after it had collapsed into administration in late 2012.

Since then the group has seen improved sales and profitability, and is expanding its portfolio with the acquisitions of Cannizaro House and Great Scotland Yard in London.