Frasers looks to buy UK's Swire Hotels

Frasers Hospitality, part of Singapore’s property company Frasers Centrepoint, may acquire several British properties in a four-hotel deal that could reach £36.1 million. 

Frasers is buying Swire Properties Hotels Holdings through its recently acquired Malmaison and Hotel du Vin Property Holdings Limited business. According to Southwest Business, the company does not plan to rebrand its hotels.  

The portfolio includes the Avon Gorge Hotel in Bristol, Magdalen Chapter in Exeter, Montpellier Chapter in Cheltenham, and the Hotel Seattle in Brighton. The hotels will continue to operate under their existing names until 2016 when development plans will be revealed for each of the hotels.
  
The acquisition follows Frasers Hospitality’s recent purchase of the Malmaison and Hotel du Vin group, which includes 29 upscale lifestyle boutique hotels for £363.4 million in June this year. The move was said to provide Frasers Hospitality a platform to further expand into the fastest growing hospitality segment. The patent company already has total assets surpassing S$23 billion.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


 

Suggested Articles

Many hotel owners will find themselves in the uncomfortable and unfamiliar position of deciding on a course of action for negotiating with their lende

For the week of Sept. 6-12, occupancy reached 48.5 percent, down 1.6 percent from the previous week.

Tisch joined Loews Hotels & Co in June 2017 from Loews Corp., where he was a VP.