Three hotels in the West Midlands are part of the \u00a3250m sale of Hallmark Hotels to a consortium of overseas investors.<\/p>\n
Topland Group has sold the portfolio of 26 hotels to an Israeli investment fund working with LGH Hotels Management.<\/p>\n
The properties include the Hallmark Hotels in Birmingham, Stourport Manor and Stratford-upon-Avon.<\/p>\n
The portfolio of hotels had been created by the acquisition of Menzies, Hallmark and Feathers portfolios.<\/p>\n
Topland described it as “textbook” strategy, “adding value to the business over five years with strong in-house asset management, developing the Hallmark brand and creating the management platform”.<\/p>\n
Topland Group is owned by billionaire brothers Eddie and Sol Zakay and lays claim to being one of the world’s largest privately owned property and investment groups.<\/p>\n
Topland’s hotel business still includes Bath\u2019s Royal Crescent Hotel, the Brighton Metropole, the Glasgow Hilton and a portfolio of Thistle Hotels.<\/p>\n
It said it was “actively looking for new opportunities on individual or portfolio hotel acquisitions, hotel development, hotel financing and hotel joint ventures as well as to expand the current portfolio of Hilton and Thistle Hotels”.<\/p>\n","protected":false},"excerpt":{"rendered":"
Billionaire brothers sell portfolio to overseas investors<\/p>\n","protected":false},"author":18,"featured_media":2026996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,9],"coauthors":[81],"class_list":["post-2026995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-property","tag-featured-story"],"yoast_head":"\n