Frasers Hospitality has snapped up sites in Bristol, Exeter, Brighton and Cheltenham from Swire Properties Hotels Holdings as part of its goal of expanding from 22,000 to 30,000 rooms by 2019.
The portfolio includes the 75-room Avon Gorge Hotel in Bristol, the 59-room Magdalen Chapter Hotel in Exeter, the 60-room Montpellier Chapter in Cheltenham and the 71-room Hotel Seattle in Brighton.
This acquisition comes on the back of Frasers Hospitality’s £363m purchase of the 29-strong Malmaison and Hotel du Vin group from KSL Capital Partners in June this year.
Choe Peng Sum, CEO of Frasers Hospitality, said: “These four stylish and iconic hotels in their respective cities are a perfect fit for Malmaison and Hotel du Vin, and this acquisition is clearly in line with the Group’s expansion strategy of the brands within the UK, Europe and Asia.”
The hotels will continue to operate under their existing names until 2016 when Frasers will reveal new development plans for the sites.
The inclusion of the four properties brings Frasers Hospitality’s global portfolio to 136 properties across 78 cities and over 22,000 keys worldwide.