HOTELS Malmaison & Hotel du Vin sold for £363m leisure media sTudIo


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US private equity firm KSL Capital Partners has sold the Malmaison and Hotel du Vin hospitality chains to Singaporean serviced apartments group Frasers Hospitality for £363m. The sale marks a tidy


profit for KSL, which bought the hotels in 2013 for a reported £200m and then spent money renovating exis ting properties and expand- ing into new locations. Each founded in 1994, Malmaison and Hotel du Vin are a collection of boutique hotels located throughout the UK. Malmaison consists of 13 boutique hotels in historic buildings, while Hotel du Vin locations are found in cathedral and university towns. The two hotel brands will join Frasers


Hotel du Vin properties include this eye-catching site in Birmingham “Tis acquisition is important as it doubles


Hospitality’s three serviced residence offerings – the Gold-Standard Fraser Suites, Fraser Place and Fraser Residence – as well as Modena by Fraser and Capri by Fraser, a design-led hotel aimed at the millennial business traveller.


our offering in Europe to about 4,000 keys and it propels Frasers Hospitality to be one of the leading hospitality players in this market,” said Frasers Group CEO Lim Ee Seng. KSL focuses on leisure businesses and the


private equity firm remains active in the hotel market, having recently acquired Village Urban Resorts from De Vere Group for around £480m. Details: http://lei.sr?a=t7J9M_O


Boris stars at Hospitality Summit


Mayor of London Boris Johnson and minister for tourism and heritage Tracey Crouch and were among the keynote speakers at the 2015 Hospitality & Tourism Summit, where jobs creation was high on the agenda. Organised by the British


Hospitality Association (BHA) the summit brought together an audience of business leaders, politi- cians and advisers to explore how the industry and gov- ernment can respond to an increasingly competitive global economic landscape to nurture the success of the UK through the potential of hospitality and tourism. Addressing the 700 CEOs gathered for


the summit, Johnson said the hospital- ity sector plays a vital role in getting people into employment, especially in London. “We should be proud of the jobs that the


hospitality and tourism sector is creating. Tese are not dead jobs but stepping stones and rungs on the ladder for thousands of people,” he said. “Te culture of hospitality is changing the atmosphere and the culture


Read Leisure Opportunities online: www.leisureopportunities.co.uk/digital


Boris Johnson praised the role of hospitality & tourism in creating jobs


of work here in London. We are the hospital- ity capital of the world. London is the most visited city in the world second year running and we expect 18.8 million visitors this year.” Meanwhile, Crouch paid tribute to the


hospitality and tourism sector’s signifi- cant contribution to driving the economy. She said that the hard work of the hospi- tality and tourism industry made 2014 a record-breaking year for inbound visitors and spend. She noted that there were more than 34 million visits with almost £22bn spent in local economies across the country. Details: http://lei.sr?a=Z4q7Y_O


Twitter: @leisureopps © CYBERTREK 2015


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