KSL sells Malmaison and Hotel du Vin chains for US$570m

by Jak Phillips | 30 Jun 2015

US private equity firm KSL Capital Partners has sold the Malmaison and Hotel du Vin UK hospitality chains to Singaporean serviced apartments group Frasers Hospitality for US$570m (£363m, €511m).

The sale marks a tidy profit for KSL, which bought the hotels in 2013 for a reported US$314m (£200m, €282m) and then spent money renovating existing properties and expanding into new locations.

Malmaison and Hotel du Vin are a collection of boutique hotels located throughout the UK. Malmaison consists of 13 properties, typically sited in historic buildings, while Hotel du Vin locations are concentrated in cathedral and university towns.

Both businesses were founded in 1994 by entrepreneurs – Malmaison by Ken McCulloch and Hotel du Vin Robin Hutson, the visionary behind Lime Wood and The Pig, which has just opened its third location.

Malmaison and Hotel du Vin will join Frasers 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 residence aimed at the millennial business traveller.

“This acquisition is important, as it doubles our portfolio in Europe to 4,000 keys and positions Frasers Hospitality as one of the leading hospitality players in this market,” said CEO Mr Lim Ee Seng.

“Our strategy remains focused on achieving balanced growth across asset classes and diversifying our earnings profile," he said.

KSL focuses on travel and leisure businesses and the private equity firm remains active in the hotel market, having recently acquired the UK-based Village Urban Resorts from De Vere Group for around US$755m (£480m, €676m).

“We're grateful to have been part of Malmaison and Hotel du Vin,” said Coley Brenan, a principal of KSL. “Each property is unique, but each shares the common traits of exceptional service and wonderful food and beverage offerings. Thanks to the tireless efforts of the employees, we have no doubt they will continue to be two of the preeminent hotel brands in the UK.”

You can read an interview with KSL partner Rich Weissmann about the company's investment strategy in the Q1 2015 edition of CLADmag, by clicking here.

Related stories

Malmaison and Hotel du Vin acquired by US buyer

MWB agree deal for Malmaison Dundee hotel

Malmaison; De Vere confirm new appointments

MWB Group reports 'challenging' trading

MWB sells Malmaison Aberdeen for £16.1m

US private equity firm KSL Capital Partners has sold the Malmaison and Hotel du Vin UK hospitality chains to Singaporean serviced apartments group Frasers Hospitality for US$570m (£363m, €511m). The sale marks a tidy profit for KSL, which bought the hotels in 2013 for a reported US$314m (£200m, €282m) and then spent money renovating existing properties and expanding into new locations. Malmaison and Hotel du Vin are a collection of
CLD,HHR,HOT,RST,TOU,TVL
Hotel du Vin properties are mainly located in university towns / Hotel du Vin
More news
News stories: 1 - 30 of 6902     
 
 
 
News stories: 1 - 30 of 6902     
 
 
 
company profile
Company profile: Alliance Leisure Services Ltd
The company’s core business is the provision of facility development and support for local authorities, educational establishments and leisure trusts that want to improve or expand the leisure products and services they offer.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
The Manta Resort in Zanzibar features an Underwater Room with a sea level landing deck and lounge and a submerged bedroom
"The Norwegian coast inhabits such beauty"

The world’s most ambitious underwater buildings

Profile: John Rhodes
John Rhodes
"It’s about the celebration of people coming together. If you can manage that well, a venue can become very special"

HOK has been tasked with designing a truly flexible arena for Valencia. John Rhodes is up for the challenge

CLAD people: Kanye West
West announced the donation to the Roden Crater after a recent visit
"We will all live in Turrell spaces one day"

Musician Kanye West to help fund the still unfinished Roden Crater, designed by American artist James Turrell

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
The restaurant features custom-designed furniture
Daniela Colli
"The alternation of light and shadow is essential to give dynamism to a space"

Italian architect Daniela Colli tells us how she looked to classical art for inspiration on how to deal with light and shadow in her latest project

CLAD people: Asif Din
Din has worked on a range of sustainability-focused projects
"It’s imperative the architecture profession takes a proactive approach to tackling the realities of climate change"

Perkins+Will’s new sustainability director

features
Peter Cook
"Somehow we’d caught the imagination of people"

As a book about radical architecture collective Archigram is released, we speak to one of the founders about the need for fun

The curved, “voluptuous” structures were inspired by Hadid’s work
"I fell in love with Zaha Hadid"

Black Panther set designer Hannah Beachler

Profile: Caroline Bos
"I like art that is against the mainstream, slightly off, with a twist"

UNStudio’s co-founder on the unexpected challenges of designing Australia’s tallest skyscraper

cladkit product news
Baux creates plant-based acoustic panels
Baux has worked with scientists from the Royal Institute of Technology to create Baux Acoustic Pulp, a plant-derived acoustic solution
Lauren Heath-Jones
Baux, an acoustic products brand based in Sweden, has developed a line of biodegradable acoustic panels, using a plant-based material ...
BD Barcelona Design reveals Cristallo by the late Alessandro Mendini
Cristallo was the last design from acclaimed designer and architect Alessandro Mendini
Lauren Heath-Jones
Design Studio BD Barcelona Design has released Cristallo, a limited-edition cabinet designed by the late architect and designer Alessandro Mendini, ...
Tom Dixon Studio to relaunch iconic Pylon chair
Pylon was first designed more than 20 years ago
Lauren Heath-Jones
Originally conceived in his metal workshop in the early 90's, the Pylon chair was Dixon's attempt to create the world's ...
cladkit product news
Mater partners with Ditzel family to create eco-friendly furniture using reclaimed plastic
The furniture uses plastic from recycled fishing nets
Lauren Heath-Jones
Mater, an ethical design brand based in Denmark, has launched a furniture collection made from plastic reclaimed from the ocean. ...
Paul Kelley pushes 'technical boundaries' with modular furniture cube system
The system is designed to enable users to create multifunctional, adaptable pieces, where they are in complete control of the design and function of their furniture
Lauren Heath-Jones
British designer Paul Kelley has created a modular magnetic cube furniture system that enables users to create multifunctional, adaptable pieces, ...
Volvo partners with Reef Lab Designs to encourage ocean biodiversity
The tiles are made from marine-grade concrete and recycled plastic fibres
Lauren Heath-Jones
Car manufacturer Volvo has partnered with the Sydney Institute of Marine Science and Reef Design Lab to create an environmentally-friendly ...
cladkit product news
David Rockwell partners with Jim Thompson for dream-inspired fabric collection
Rockwell has designed 12 multi-use fabrics inspired by dreams with long-time collaborator Jim Thompson
Lauren Heath-Jones
Renowned architect David Rockwell has created a collection of fabrics with long-time collaborator Jim Thompson. Called Dreams, the collection was ...
Alusid's Sequel collection combines craftsmanship and sustainability says founder
The Sequel collection is billed as the 'most waste-efficient and sustainable' on the market
Lauren Heath-Jones
Alusid, a creator of eco-friendly surfaces, has partnered with Parkside to launch the Sequel range, the brand's first collection of ...
Water inspires Zaha Hadid Design x Rosenthal collaboration
The collection consists of three smaller collections: Weave, Strip and Lapp. Weave was inspired by 'the fluid lines of Zaha Hadid's sketching hand'
Lauren Heath-Jones
Zaha Hadid Design has partnered with porcelain manufacturer Rosenthal to create a new collection of vases. Called the Lapp collection, ...
x
Sign up with CLAD for regular news updates