Minor Hotels buys major stake in UK's Corbin & King

The Beaumont Hotel, Mayfair, London

Hotel investor and operator Minor Hotels acquired a significant stake in UK-based hospitality group Corbin & King. Together, the companies will expand Corbin & King's portfolio across the UK and internationally. 

Corbin & King's portfolio with 11 restaurants and the 73-key The Beaumont Hotel in London will be added to Minor Hotels' inventory of 157 hotels and resorts. Minor Hotels will now own the restaurants The Wolseley and Brasserie Zédel in Piccadilly, The Delaunay in Aldwych, Colbert in Sloane Square, Fischer's in Marylebone and Bellanger in Islington.

Minor Hotels' investment replaces a previous shareholding by Graphite Capital. Jeremy King and Chris Corbin—the founders of the group in 2003—will continue as shareholders while King remains CEO. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

This announcement follows Minor Hotels' recent expansion of its Sharjah hotel development pipeline. The hotel group signed a management agreement with Sharjah-based Basma Group and property developer Arada to manage the Anantara Sharjah resort opening in mid-2020. Basma Group and Arada will co-own the 233-room beachfront hotel near Sharjah International Airport. Meanwhile, Arada will also be the property's developer. 

Minor Hotels also recently partnered with Katara Hospitality to develop three hotels in Qatar, which are opening in spring 2018. Katara will own the new properties while Minor Hotels will operate them under the Tivoli and Oaks brands. Launching in April 2018, the five-story Tivoli Al Najada Doha Hotel will have 151 guestrooms and suites. Minor Hotels is developing the 100-key Oaks Al Najada Doha serviced apartments next to Doha's new Tivoli hotel and is also slated for an April-2018 opening. Meanwhile, the Souq Al Wakra Hotel Qatar by Tivoli, which is being developed in the Souq Al Wakra seaside district in Doha, will have two buildings with 101 guestrooms and suites.  

Suggested Articles

The latest report from STR shows negative year-over-year results in the three key performance metrics during the week of July 7-13.

Ritesh Agarwal, the company's 25-year-old founder and CEO, has signed a $2 billion primary and secondary management investment round.

By year's end, the Turkish hotel company will have five properties along the Red Sea and Mediterranean.