The deal was completed yesterday. The acquisition doubles the Frasers Hospitality room stock in Europe to about 4, rooms and expands the company's portfolio to properties in 77 cities with 21, rooms.
Lim Ee Seng, group chief executive of FCL, said his company's focus remains on achieving balanced growth while diversifying its "earnings profile". He added: "This acquisition is important as it doubles our offerings in Europe to about 4, keys [rooms] and it propels Frasers Hospitality to be one of the leading hospitality players in this market. The purchase of Malmaison and Hotel du Vin perfectly complements our brand portfolio and gives Frasers Hospitality a platform to expand into the fastest-growing hospitality sector.
We look forward to building on this success with future development in the UK, Europe and Asia. Hotel du Vin operates 19 properties across the UK, while Malmaison comprises 15 hotels with news of a second Manchester site circulating last month. Save my name, email, and website in this browser for the next time I comment.
Story continues below. The author Zoe Monk. This website uses cookies to improve your experience. We push the boundaries. We are fun, witty and memorable. We always dare to be different. We never stand still. Passionate We love our brand, and really care about every aspect of our business. Each Mal has its own personality and no two buildings are the same, but all our hotels consistently meet the Mal standard.
Hotel du Vin.
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